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With home sales on the decline and mortgage application volume falling to a 25-year low, Redfin reports sellers’ time on market has doubled from the spring as buyers wait for both prices and rates to come down.

Shannon Faries of Land Gorilla explains how construction loans can help offset market swings for lenders feeling the pinch.

A three-judge panel of the 5th U.S. Circuit Court of Appeals has ruled that the design of the CFPB violated the Constitution, as it has received funding through the Federal Reserve, rather than appropriations legislation passed by Congress.

The latest market analysis from CraftJack reveals that the number one reason Americans move is for a job, but many are seeking a lower cost of living and a warmer climate. Click through to learn which states Americans are most moving to and from, as well as why the cost of moving is deterring so many homebuyers.

Mortgage affordability has worsened coast-to-coast, rising to 30.2% nationwide. New data from Zillow reveals that housing affordability is now the worst it has been in several years, leaving many households cost-burdened.

MReport spoke with mortgage industry veteran Frank Pallotta as he approached Election Day in his run for congress in the 5th District of New Jersey.

Mortgage rates continue to force down application volume, with Freddie Mac reporting rates moving slightly upward yet again this week, adversely impacting the housing market as demand dwindles.

“It turns out that the core of the GSE business model—which protects the availability of the 30-year fixed-rate mortgage for the typical American homeowner—was really quite effective within the complex system of U.S. housing finance and unexpectedly hard to replace,” said Don Layton, former CEO of Freddie Mac, in a new op-ed.

As overall mortgage rates edge closer to 7%, mortgage app volume experienced their fourth consecutive month of declines, with an uptick in ARM loans demonstrating that they remain a feasible option for borrowers seeking ways to reduce their monthly payments.

According to Zillow's latest market report, inventory levels are up 3% from 2021, leaving more options for buyers and more competitive pressure on sellers. However, new for-sale listings saw an 11.4% drop from August, marking the third straight month of double-digit declines.