"November 2024" Archives

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Departing HUD leader Todman urges ongoing disaster aid in Senate hearing

The U.S. Department of Housing and Urban Development (HUD) has been an invaluable partner in the efforts of the federal government to provide disaster relief to those impacted by storms, flooding, wildfires and other disasters. Long-term aid will remain key for the agency even as the Biden administration is set to expire in January. This…

Did new home sales really just crash?

Did today’s new home sales report really show an epic crash in sales? New home sales reports can be quite volatile from month to month. When I notice a significant increase or decrease compared to estimates, I often suspect that revisions will be made or that a one-time event may have influenced the figures. In…

Mortgage rates are back above 7%. Is there relief in sight?

The mortgage rate increases of the past two months continued this week even as the pace of increases showed more signs of slowing. But rates have also crossed the 7% threshold once again, which could represent a mental hurdle for home shoppers. According to data at HousingWire’s Mortgage Rates Center, the average 30-year conforming rate…