Investor home purchases hit lowest second-quarter level since 2020
The decline comes as investors face the same pressures as individual buyers; high borrowing costs, elevated prices and economic uncertainty.
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Bipartisan House bill would strengthen HUD’s grip on manufactured housing standards
“We must ensure that HUD has primary authority over all manufactured housing standards,” Rep. Mike Flood said in a statement.
Fannie Mae: Consumer housing sentiment slips in August
More positive outlooks for mortgage rates and homebuying conditions were not enough to offset declines in seller sentiment, home-price expectations, household income growth and job security.
The next generation of homebuyers is ‘overloaded’ and confused
Less than half of survey respondents could correctly answer basic questions about interest rates, credit scores and retirement savings.
US housing market value hits record $55T, but growth is slowing
New York posted the biggest gain — equal to about one-quarter of the nation’s increase — while values in Florida and California fell.
Los Angeles ‘mansion tax’ fuels record affordable housing funding
Most of the money — $316 million — comes from Measure ULA, a transfer tax on property sales above $5 million that voters approved in 2022.
Can mortgage rates get below 6% with this Federal Reserve?
Mortgage rates dropped to 6.29% last week after the jobs report, but economic factors can only do so much without help from the Fed.
HUD Innovative Housing Showcase begins Saturday
Exhibits include entire model homes — ranging from manufactured and modular to 3D-printed — developed by companies from across the U.S.
Migration slows under pressure of rate lock-in, cooling job market
The number of people who are moving remains significantly lower than before the pandemic, according to Bank of America Institute.
Moody’s economist warns of recession, housing market risk
A cascade of weakening job growth, rising inflation and a softening housing market are cited as prime risk factors for a recession.