Will a second lockdown cool off the red-hot Seattle housing market?

In November, the state of Washington was placed in a second lockdown until Dec. 14, a move that suspended open houses, although private showings are allowed with no more than five people. What is this second lockdown going to do to the red-hot Seattle housing … Continue readingWill a second lockdown cool off the red-hot Seattle housing market?

Home prices see greatest gain in over 6 years

The S&P CoreLogic Case-Shiller index covering home prices of all nine U.S. census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. The September increase was also greater than the 4.8% uptick reported … Continue readingHome prices see greatest gain in over 6 years

Fannie Mae, Freddie Mac conforming loan limits increase for 2021

The Federal Housing Finance Agency announced a new baseline conforming loan limit for Fannie Mae and Freddie Mac in 2021: $548,250. This is a 7.5% increase from 2020’s limit of $510,400 and marks the fifth consecutive year of increases from the FHFA. In 2016, the … Continue readingFannie Mae, Freddie Mac conforming loan limits increase for 2021

Introducing the HousingWire 2020 Tech Trendsetters

This year’s 2020 list of Housingwire Tech Trendsetters certainly earned their status as the housing industry was met with incredible challenges and new opportunities.   This diverse group of tech professionals helped to bring about the long-awaited modernization of the housing industry. Some would even say … Continue readingIntroducing the HousingWire 2020 Tech Trendsetters

Auction.com: Demand for distressed housing returning

Auction.com‘s Distressed Market Outlook report for the fourth quarter shows a pick-up in demand for distressed housing, with a 24% increase in completed foreclosure auction volume in September. In addition, the foreclosure sales rate is at a seven-year high, and REO bids-per-asset are at an … Continue readingAuction.com: Demand for distressed housing returning

2021 housing market forecast: It’s about politics, not economics

As we prepare to enter 2021, our country has lost more than 250,000 people and over 22 million jobs during the 2020 pandemic. Millions of others have suffered from COVID-19 complications, both health and economic related. At the same time, the housing market has shown … Continue reading2021 housing market forecast: It’s about politics, not economics

MBA: Forbearance rate increases for the first time since June to 5.48%

The U.S. forbearance rate measuring the share of mortgages with suspended payments increased for the first time in nearly five months from 5.47% to 5.48%, according to the Mortgage Bankers Association. The U.S forbearance rate has either fallen or remained flat since forbearances decreased for the first time … Continue readingMBA: Forbearance rate increases for the first time since June to 5.48%

Biden picks Janet Yellen to be next Treasury Secretary

President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen to be the next Treasury Secretary, according to a new report. The Wall Street Journal on Monday afternoon reported that Biden tapped Yellen, an economist who was the first woman to lead the … Continue readingBiden picks Janet Yellen to be next Treasury Secretary

HUD Secretary Ben Carson improving following COVID-19 diagnosis

Department of Housing and Urban Development Secretary Ben Carson said he’s “out of the woods” after experiencing severe symptoms related to a positive COVID-19 diagnosis earlier this month, according to a MarketWatch report. Carson, 69, credited a botanical treatment derived from the oleander plant for … Continue readingHUD Secretary Ben Carson improving following COVID-19 diagnosis