Housing markets

The transaction is the first in what is planned to be a continued series of purchases by the new fund as it continues to raise capital from investors.

Steady construction and weaker demand caused the first seasonally-adjusted dip in home values since 2022, signaling a move into a buyer's market.

While Fannie Mae sees improving buying and selling conditions, more consumers still think prices will rise over the coming year.

Following an appearance on Fox Business by NAHB's CEO this week, the U.S. Lumber Coalition labeled the homebuilding trade group a Canadian ally.

But improved for-sale supply is providing buyers with more options and helping to keep softer price pressures for those looking to buy, writes Cotality's Chief Economist.

Wall Street is cranking up the bond machine as US homeowners, finding that buying a new house is out of reach since mortgage rates started climbing in 2022, are instead getting home equity loans and sprucing up their current properties.

The publicly traded firm said it anticipates more deals after making its first loan to a developer for $32.7 million, which will support 156 homes in Houston.

The combined prices of properties on the market for more than 60 days currently make up close to half of total unsold dollar volume, according to Redfin.

While attention traditionally focuses on damage to coastal markets, the economic effects stretch into "safer" communities nationwide, according to Cotality.

A proposed 2026 budget would eliminate two programs that are key to increasing the supply of affordable housing, a consortium of elected leaders said.