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Housing affordability drops to 10-year low amid surging construction costs: 54.2% of new and existing homes sold between the start of October and the end of December were affordable to families earning the U.S. median income of $79,900. Read more
Homebuyers say this is the worst time ever to buy a house: Fannie Mae’s “good time to buy” metric at all-time low. Read more
Mortgage stocks are in free fall. So what’s next? The six nonbanks that have gone public during the course of the pandemic have lost around $36 billion in combined market cap value since the summer of 2020. Read more
Two largest Multiple Listing Services in the country form alliance: CRMLS and Bright MLS collaborate to advance residential real estate industry technology. Read more
Household debt soared by $1 trillion, highest jump since 2007: Mortgage debt saw a significant increase while rising car prices drove the numbers higher. Read more
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