Economy
Home listings vanish amid home price standoff
5% of home listings were yanked off the market in September
5% of home listings were yanked off the market in September
A letter sent to FHA and Ginnie Mae leadership underscores prohibitive upfront HECM costs and servicing losses
Half of U.S. renters spend more than 30% of gross monthly income on rent, led by California, Florida and Nevada
Nevada, Texas and North Dakota have all seen more than 50% growth in renter households since 2000
Entrenched affordability barriers have yielded 30% of the U.S. housing market to residential investors
Baseline conforming limits rising 3.26% next year in response to home price increases
Government-backed purchase loans saw significantly increased demand
Home prices rose just 0.2% from the second to third quarter as a cooling trend continues
Affordability barriers continue to limit higher volumes of contract signings
Deals have accelerated as investor activity remains elevated
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