"December 19, 2024" Archives

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Why did existing home sales grow with higher mortgage rates?

Some people might have been surprised by existing home sales growth for the last two months, but they would have known what was happening if they followed our weekly Housing Market Tracker data. Not only has sales data improved, but home prices have firmed up so much that months ago, I believed my forecast for…

FHFA says it prevented 43K foreclosures in Q3, but new cases rose 27%

The Federal Housing Finance Agency (FHFA) on Thursday announced that it initiated 43,459 foreclosure prevention actions in the third quarter of 2024, bringing the total number of homeowners helped to more than 7 million since the government-sponsored enterprises (GSEs) entered conservatorship in 2008. But the number of foreclosure starts spiked by 27% to 22,025 during…

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