Remove Buyers Remove Housing Market Remove Investors Remove Landlords
article thumbnail

Homebuyer assistance programs rose to nearly 2,300 in 2023

Housing Wire

housing market has reached its least affordable point in decades and housing agencies have increasingly rolled out homebuyer assistance programs to tackle this issue. Manufactured housing has a lower entry point than other types of homes and is helping many buyers to get their foot in the door, the report noted.

Landlords 465
article thumbnail

Mortgage rates are projected to decline, but will that entice buyers?

Housing Wire

While mortgage rates have been trending lower, rates are still higher than 12 months ago, but some experts anticipate that the downward pressure on rates will provide opportunities for buyers. Investors are betting that the economic slowdown and the Fed’s eventual victory over inflation will result in lower rates over time,” Fratantoni said.

Buyers 358
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Fed pauses its rate hikes for now, will it last?

Housing Wire

Most investors are already wondering what it would take for the central bank to lift rates again later this year. of these investors bet officials will freeze the rate hike at the November 1st meeting. Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy.

article thumbnail

Housing Shortage in Maryland

Robinson Appraisal Group

Maryland is facing a serious housing shortage that is impacting the entire state, but especially the Baltimore Metropolitan area. The low inventory of available homes combined with high interest rates has made it difficult for potential buyers to find an affordable home in the area. Landlords are also not willing to sell.

Inventory 141
article thumbnail

Is FOMO Fueling the Real Estate Market?

Empire Appraisal Group

Source: Is FOMO Fueling the Real Estate Market? Housing markets continue to run hot, despite rising interest rates and home prices. Rising interest rates and higher home prices would normally cool a hot housing market, yet the national and local real estate scenes continue to run red hot. Florida Realtors.

article thumbnail

Inflation's Impact on the Housing Market

Eppraisal

The flip side is that the transaction takes more out of the buyer's pocket than if inflation were not a factor. This is especially true when housing inventories are low -- a perfect illustration of money supply outpacing economic growth. What about investors, who both buy and sell?

article thumbnail

FHA does a solid for mortgage credit rejects. Will it move the needle for loan officers?

Housing Wire

In a rate-rising environment where it has become more difficult for first-time buyers to get into the market, borrowers won’t have to deal with a file that has an MCR for six months. Even after the six-month period is over, the borrower’s case number would still be attached to his/her social security number.