Fannie Mae’s Economic and Strategic Research (ESR) Group has lowered its forecast for US existing single-family home sales in 2025 to 4.14 million units, down from the 4.24 million units projected in the previous month’s outlook. The revision was published in the group’s June 2025 Economic and Housing Outlook. The updated forecast reflects revised expectations […]

Most homeowners say they won’t buy or sell a home this year, no matter what rates do… That’s according to a survey from Bankrate which shows 54% of U.S. homeowners wouldn’t feel comfortable selling at any mortgage rate in 2025, up 12 percentage points from last year. A similar share of homeowners, 51%, say they wouldn’t feel […]

A new policy change at mortgage giants Fannie Mae & Freddie Mac could help first-time homebuyers qualify for a mortgage if they have a track record of paying their rent on time. Effective immediately, Fannie and Freddie will allow mortgage lenders to use VantageScore credit ratings to assess borrower creditworthiness, in addition to or instead of traditional […]

It used to be called a “second job.” Now? It’s called a “side hustle.” And Americans nervous about paying the bills are increasingly turning to side hustles in the face of economic uncertainty. Americans are “side hustling like we’re in a recession,” said The Wall Street Journal. Research shows that nearly four in 10 Gen Z and millennial […]

Homebuyers continue to be saddled with high mortgage rates, which have been hovering close to 7%. However, mortgage applications have ticked up 12.5% for the week ending June 6 after three straight weeks of declines.  And when the time comes to close the deal, homebuyers need to be prepared to bring money to the table—and they’ll pay […]

For the past several years, home sellers have been in the driver’s seat, able to command high prices for homes, often selling quickly and with multiple offers.  Times appear to be changing. According to data recently released by Redfin, nationally there are currently 500,000 more home sellers than homebuyers.  While somewhat surprisingly, this has yet […]

Stubbornly high mortgage rates, elevated home prices, and heightened economic uncertainty have sidelined many potential homebuyers. However, a new survey revealed that millennials are planning to forge ahead amid these market headwinds. Nearly 1 in 4 millennial respondents indicated that they plan to buy a home in the next six months, up from just 15% in […]

The U.S. House of Representatives passed a long-anticipated tax reform package, the One Big Beautiful Bill Act, early Thursday morning that included several major victories for members of the National Association of REALTORS®.  NAR’s advocacy team successfully secured its top five tax priorities in the bill—provisions that directly support NAR members and the broader real estate […]

Mortgage rates will remain unchanged after April inflation data came in as expected. Elevated tariff rates will keep Fed rate cuts on pause for the foreseeable future. The BLS reported that core prices rose 0.24% from March to April and are up 2.8% from a year ago, largely in line with expectations of a 0.26% increase. Tariffs on […]

First-time homebuyers accounted for a record share of agency purchase lending in the first quarter, as higher interest rates continued to dampen repeat buyer participation in the market, ICE Mortgage Technology reports. At the same time, Gen Z buyers made substantial gains in more affordable states, while FHA loans regained popularity as a critical tool for affordability-minded […]