In a letter to the White House, NAHB Chairman Fowke outlined three major areas of concern for home builders that may negatively impact the overall U.S. economic landscape.
Read More »Expanding Affordable Housing Access Through $3.5T Measure
Thirty members of the House Financial Services Committee have written a letter to President Biden, House Speaker Pelosi, and Senate Majority Leader Schumer to pass housing provisions in the Build Back Better Act.
Read More »The Housing Market Pushing Up Mortgage Costs?
Amid rising home prices, the average mortgage payment has increased by $50 over the last six weeks as sellers’ median asking price increased 12% year over year to a ...
Read More »The Week Ahead: Allocating Homeowner Assistance Funds
A panel of policymakers and housing industry experts will host a virtual forum on the challenges, roadblocks, and solutions to deploying federal Homeowner Assistance Funds.
Read More »Mortgage Rates Dip Slightly Below the 3% Mark
While rates continue to hover at record lows, a rise in economic and financial market uncertainties, competition remains high for tight inventory as affordability issues linger.
Read More »Freddie Mac Addresses Underserved Markets With New $3B Bond Initiative
In a measure to support affordable homeownership goals, the GSE plans to offer at least $3 billion in affordable housing bonds by end of 2022.
Read More »Housing Market Survey: Great Time to Sell (Not Buy)
A wide disparity exists between homebuyers and homesellers according to September's Home Purchase Sentiment Index (HPSI) with the overall index decreasing by 1.2 points to 74.5 points. Year-over-year the index is down by 6.5 points. ...
Read More »Wells Fargo To Assist 300 Homeowners With Down Payments
Wells Fargo N.A, is making it easier for low-income residents in Houston to save up for a down payment by offering $15,000 down payment assistance grants to help get prospective buyers into a ...
Read More »How Do Millennials Use Home Equity?
Millennials typically forge their own path in life, bucking the trends and norms of their parents—and now that they are in the prime home-buying time of their lives, their views on ...
Read More »Slight Rise in Rates Forces Decline in Mortgage Apps
As mortgage rates edge above the 3% mark, borrower incentive to refinance is waning.
Read More »