Housing markets

More than half of respondents to a recent Arizent survey think one-stop shops will be the biggest disruptor in the next three years, followed by all-cash purchase programs and iBuyers.

Now that the Department of Housing and Urban Development clarified that participating in these programs does not create a fair lending violation, lenders and fair housing advocates wonder whether more mortgage lenders will actually participate.

Rising home values also brought 70,000 properties out of underwater status during the three-month period, CoreLogic said.

The monthly pace of increases have moderated since the spring, with CoreLogic expecting annual growth to decline to 2.5% by this time next year.

Renters are three times more likely to miss their scheduled payment than homeowners, an affiliate of the Mortgage Bankers Association found.

The U.S. Treasury Department will begin developing regulations that could expand reporting requirements for all-cash real estate purchases as part of the Biden administration’s efforts to cut down on global corruption, according to two senior administration officials.

Similarities between the current rate of appreciation and what took place between 2004 and 2006 are mitigated by changes in the housing market.

Zillow Group Inc. jumped in late trading Thursday after the company said it plans to repurchase shares as it makes progress winding down its ill-fated home-flipping business.

Besides making the deduction permanent, the bill doubles the income threshold for those eligible to claim it.

The agency must raise its upper and lower levels in tandem with the new conforming loan limits by law.

The increase that followed in the pandemic’s wake is subsiding, and migration patterns are shifting, according to Redfin.

Acting Federal Housing Finance Agency Director Sandra Thompson and the Housing Policy Council say the new amounts are not good for affordable housing.

Though unlikely to derail a hot housing market, another surge in COVID-19 cases could cloud the outlook for economic growth, analysts said.

A forward-looking gauge of U.S. home purchases rebounded in October to a 10-month high, signaling steady housing demand despite growing affordability concerns among many prospective buyers.

With home improvement spending up, more mortgage bankers are building out teams to capture the market.

Starwood Capital Group is acquiring 2,300 single-family rental homes from Pretium Partners, increasing its bet on U.S. suburban real estate.

However, the median monthly expense associated with financing is still lower than that for a lease.

Sales of new U.S. homes edged up in October, reflecting stabilizing demand even as builders face supply-chain disruptions and buyers grapple with rising prices.

Mortgage lenders and real estate professionals share their perspectives on the cities predicted to draw the most interest from home buyers in the next year, according to the Urban Land Institute.

The number of homes sold in Maine last month fell compared with the previous October, but prices continued to rise due to an ongoing tightening of inventory.