Americans have almost $16 trillion in mortgage debt outstanding, according to the Federal Reserve. A bill proposed as part of the economic rescue package would delay payments on most of that debt.
The coronavirus outbreak is having a negative impact on the housing market itself and on Fannie Mae. However, ending its conservatorship may be a bigger problem.
Democratic members of the Senate Banking, Housing and Urban Affairs Committee have sought answers about what plans the Trump administration has for lifting conservatorship of Fannie Mae.
U.S. home prices were 3.8% higher in December than they were in December 2018. The lull in home price increases appears to be behind us. The good news is the mortgage loan rates remain low.
The White House has announced a plan to overhaul Fannie Mae that includes a return to private control after recapitalization via an initial public offering.
Detroit has thousands of vacant homes to tear down and empty lots to clear, so the city continues to offer hundreds of homes at auction for $1,000.
A $3.25 million home in Detroit is an oddity. However, the city has one, mostly for the first time in a long time.
U.S. home prices rose by 4.0% year over year in December, according to the latest data from CoreLogic. Average full-year price appreciation was 3.6%, and prices are forecast to rise by 5.2% in 2020...
Homebuilder D.R. Horton on Monday reported better-than-expected profits and revenues for its fiscal first quarter and boosted its guidance.
In December, home prices surged nearly 7% year over year, according to Redfin. In some cities, the price appreciation was much larger.
Home prices increases have picked up again after a slow first half of 2019. Prices rose 2.2% year over year in October and 0.4% compared to September prices according to the latest S&P CoreLogic...
Sales of new homes rose both year over year and month over month in November. New home sales have exceeded a seasonally adjusted annual rate of 700,000 for four consecutive months.
One group that probably has more insight into the housing market than the rest of us has just significantly upgraded its outlook for the housing market in 2020.
Applications for new mortgage loans dipped by 5% week over week according to the Mortgage Bankers Association, but remain about 10% higher than at the same time last year.
Many owners of lakefront property on the Great Lakes have a problem. Their property and homes will be swept away by rising water. Will the Canadian government help?