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HECM program study assesses policy impacts of recent years

Housing Wire

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. Overview of findings The report was released to the public in November 2023.

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US housing market is short 5.5 million homes, NAR says

Housing Wire

The National Association of Realtors says the current state of the housing market is absolutely “dire,” the consequence of a housing shortage 30 years in the making. According to the lobbying group, construction of long-term housing fell 5.5 From 1968 to 2000, the total stock of U.S. in the last decade.

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What’s The Leaven Causing Home Prices to Rise Today?

Cleveland Appraisal Blog

30-Year Fixed Mortgage Rates from 2000 to today. Another issue that led to the housing crash of 2008, was unqualified buyers who were able to secure mortgages on homes they couldn’t really afford. There are so many possible variables that can affect the housing market. But it’s not a balanced market right now.

Inventory 243
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New home sales make it clear: Housing is in a recession

Housing Wire

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. percent (±15.0 percent (±11.6

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How do you solve the California housing crisis?

Housing Wire

According to Ben Metcalf, managing director of the Terner Center for Housing Innovation at UC Berkeley, the homeownership rate for California is 50 percentage points lower than the rest of the nation at only 44% in 2021. That represents a serious downtrend from a 50% homeownership rate in 2000. What’s the solution?

Law 461
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Lamacchia Realty Announces Top Producing REALTORS® for June 2023

Lamacchia Realty

Click here to learn more about Cyndi: Cyndi Deshaies Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years. He has developed a niche role in the Boston market, particularly in assisting first-time homebuyers and military veterans.

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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. The housing market story is about where the 10-year yield is going.

Inventory 435