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Hispanic Homeowners Reduce the Home Value Gap

Appraisal Buzz

Zillow has found that Hispanic homeowners are making great strides in narrowing the home value gap with white homeowners over the past two years—regaining ground lost during the pandemic. Hispanic-owned homes are currently worth 11.9% less than homes owned by non-Hispanic white households, down from 12.1% from 17.9%.

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FHFA: Government to back mortgages up to $970,800 in 2022

Housing Wire

The Federal Housing Finance Agency (FHFA) today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. Median home values exploded across dozens of housing markets across the country in 2021. across the nation, while some markets saw even larger increases.

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GSEs set aside billions to cover home value declines

Housing Wire

Revenue and net income were both down for Fannie Mae and Freddie Mac in the third quarter, and the two government sponsored entities (GSEs) expect the housing market to deteriorate further in the fourth quarter. “Credit-related expense for the third quarter was primarily driven by lower actual and projected home prices.”

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Market Correction or Seller Panic?

Appraisal Buzz

Unless you’re living under a rock, you have heard that interest rates have been rapidly increasing since Q1 of 2022. It consistently climbed to 3.76% as of March 3, 2022, and as of the date I’m writing this, it is 5.81%. Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market.

Sellers 435
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Zillow’s outlook for 2022: Will housing affordability slow demand?

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. housing market this year, and we’ll find out which one wins. 2022 Forecast series. What are the drivers of housing demand in 2022?

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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. They increased the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% in September 2022. The overall U.S. It did not hit 6.7%

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A week late, Freddie Mac releases Q4 2022 results

Housing Wire

billion in net income recorded in the third quarter of 2022, though it represented a 36% decline from a year prior. We expect to accomplish these objectives by leveraging our talented workforce, collaborating with market participants to find new solutions, and continuously working to effectively manage risk. billion in 2021.