Economy

The benchmark 10-year Treasury in particular tumbled 11 basis points between Wednesday's close and Thursday's open.

Allowing Fannie Mae and Freddie Mac to buy these loans encourages consumers to purchase more expensive homes, the group said.

Approximately 41% of respondents to a LendingTree survey think one will occur in the next 12 months, with three-quarters feeling it may be worse than in 2008.

The homeownership gap between Black and white populations has widened in the years since the Great Recession, putting obstacles in the way of achieving wealth for a large percentage of Americans. How did we get here, and what do the housing and home lending industries need to do to change the current course?

A group of House lawmakers on both sides of the aisle is pushing to expand the Low-Income Housing Tax Credit as the supply of affordable housing remains tight.

Almost half of the 388 respondents to a new survey said a scenario where growth continues to slow while inflation remains elevated will dominate globally next year.

Living next to an ALDI's, Trader Joes or Whole Foods increases home price appreciation, according to an Attom report.

But the rapid drop could be enhancing the volatility that is keeping buyers out of the market, Freddie Mac said.

However, the downturn will be brief and housing will lead the way out, the government-sponsored enterprise concluded.