Rising unemployment revives prospects for December rate cut

Fannie Mae forecasters are predicting mortgage rates will fall below 6 percent by the end of next year. Economists at the Mortgage Bankers Association don’t see rates coming down at all. Continue reading

Are 50-year mortgages an affordability fix or a time bomb?

This week on The Download, Inman contributors and staffers weigh in on the controversy surrounding President Trump’s 50-year mortgage idea. Continue reading

Rising wages and job growth pushed pending home sales up slightly in May

New numbers from the National Association of Realtors show that pending sales rose 1.1 percent year over year in May. Continue reading

A squad of economists is waging a stealth war on America’s ‘30% rule’

The Brooke Amendment — a law otherwise known as “the 30 percent rule” that has shaped U.S. housing policy since the 1960s — is in the crosshairs as spending on real estate soars to record heights. Continue reading

Housing affordability improves for second consecutive month

Despite market headwinds, housing affordability improved for the second consecutive month, according to the National Association of Realtors’ August Housing Affordability Index. Affordability improved on a national and regional basis, with the greatest… Continue reading

Growing number of homeowners feel ‘house rich and cash poor’

Stagnant wage growth and booming costs of living are stressing homeowners, according to a new HomeTap study released Tuesday. Continue reading