Tampa and Boise are starting to look shaky while Buffalo and Cleveland show stability.
Through a late-October announcement, the Federal Housing Finance Agency (FHFA) stated it has “validated and approved” of the FICO 10T and VantageScore 4.0 credit scoring models and will be accepted for use by government-sponsored entities Fannie Mae and Freddie Mac (the GSE’s).
First American Financial Corporation has released the First American’s proprietary Potential Home Sales Model for the month of August 2022.
ATTOM has released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, unemployment and other measures in Q2 of 2022.
The Fed has been raising rates aggressively to tame inflation since its meetings in March of this year. The last two meetings have seen large 75bps hikes and we could see another when the Fed sets rates on September 21. Futures markets currently give a 9 out of 10 chance that the Fed
Consumers in August saw inflation at 5.75% over the next 12 months, down from 6.2% in July and the lowest rate since October 2021, the New York Fed’s monthly consumer expectations survey showed on Monday.
California housing affordability slides to lowest level in nearly 15 years in second-quarter 2022 as home prices set record highs and interest rates surge, C.A.R. reports
LOS ANGELES, Aug. 11, 2022 /PRNewswire/ — Housing affordability in California fell below 20 percent and slid to the lowest level in nearly 15 years as home prices soared to record highs in April and May and interest rates jumped to levels not seen in more than 13 years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.