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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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…
Miriam Wheeler, Goldman Sachs managing director, joins ‘Money Movers’ to discuss the commercial real estate stance coming into 2025, if vacancy rates have gotten better enough to carry the space into a new cycle, and much more.
The housing industry is getting an early Christmas gift. The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 million, a 4.8% increase over the revised October number and a 6.1% increase year over year. The annualized rate is the highest seen since the…