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Top related persons:
Fannie Mae - 2 Bill McBride - 2 we've - 1 Craig J - 1 Lazzara - 1 DJI - 1 Daryl Fairweather - 1 haven't - 1
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Wall Silicon Realtor.com
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Service - 2 Homeowners - 1

Search resuls for: "Bill McBride"


2 mentions found


☆ The housing market is stuck: Americans can't afford homes, investors aren't buying property, and economists see little relief ahead
  + stars: | 2023-09-02 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
Low inventory, high mortgage rates, and high prices have created a difficult housing market. Low inventory, high mortgage rates, and high prices have put the housing market into a state of unaffordability that's weighing on house hunters, current homeowners, and even real estate investors. AdvertisementAdvertisementAs things stand, roughly one-quarter of homeowners are sitting on mortgage rates of less than 3%, near the highest on record. The seasonally-adjusted data showed prices climbed in every single city in the group's 20-city index. Otherwise said, half the cities in our sample now sit at all-time high prices."
Persons: we've, Craig J, Lazzara, DJI, Daryl Fairweather, haven't, Shay Stein, Realtor.com, Fannie Mae, Bill McBride Organizations: Homeowners, Service Locations: Wall, Silicon, Realtor.com
☆ A key stat suggests the housing market won't see 'cascading' price drops anytime soon
  + stars: | 2023-08-28 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +3 min
Fannie Mae reported that the single-family serious delinquency rate is down 0.54% in July. Housing expert Bill McBride pointed to the data as reason not to expect widespread home price declines. AdvertisementAdvertisement"Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic," McBride wrote. Single Family Serious Delinquency Rates Calculated RiskThe decline in serious delinquencies point to low rates of foreclosures, which in turn suggest stable prices. The dynamic was on display in 2008, when a wave of bank foreclosures dragged the US housing market down, with prices plummeting as much as 20% in parts of the country.
Persons: Fannie Mae, Bill McBride, Freddie Mac, McBride Organizations: Service Locations: Wall, Silicon
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