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Housing

Lower mortgage fee will help some buyers with Fannie and Freddie loans

by Samantha Fields
Apr 25, 2023
The Federal Housing Finance Agency will lower the loan-level price adjustment fee for people with smaller down payments.
The number of new home sales was up almost 10% in March, according to the U.S. Census Bureau and Department of Housing and Urban Development.
Justin Sullivan/Getty Images
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Economic Pulse

Half a century ago, a dream of affordable housing turned sour in Sunset Park, Brooklyn

by David Brancaccio and Jarrett Dang
Apr 13, 2023
The neighborhood's decline in the early 1970s had roots in a scandal surrounding a federal program meant to boost home ownership.
"Marketplace Morning Report" host David Brancaccio stands in what used to be his grandfather's bar in the Sunset Park neighborhood of Brooklyn.
Jarrett Dang/Marketplace
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Eggs are cheaper, but not housing? Inside the latest consumer price index

by Sabri Ben-Achour and Kristin Schwab
Apr 12, 2023
The March report shows inflation slowing overall and prices easing in some key areas (food) and not in others (services and shelter.)
Egg prices dropped 10% and fruits and vegetables fell 1.3% from February, according to the CPI. But overall food and beverage prices were up more than 8% from last year.
Justin Sullivan/Getty Images
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What high mortgage rates have to do with your rent

by Sabri Ben-Achour
Apr 11, 2023
Rising mortgage rates have kept would-be buyers renting — straining the supply of available apartments and pushing prices up.
Despite slowing rent inflation, high mortgage rates are keeping some would-be homebuyers in apartments — which can increase competition and boost the cost of rent.
Justin Sullivan/Getty Images
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The price of lumber is way down, but that won't do much to bring down new home prices

by Henry Epp
Apr 7, 2023
Lumber prices have stabilized after unprecedented volatility.
Stacks of lumber are offered for sale at a home center in Chicago, Illinois. Prices for lumber have recently come down from pandemic highs.
Scott Olson/Getty Images
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Pandemic exodus from big cities was short-lived

by Samantha Fields
Mar 30, 2023
Census data shows fewer people are moving out of coastal urban centers, but Sun Belt states remain popular.
"One of the biggest things that landlords look at when they're deciding whether or not to rent to a tenant is their credit score," Chang said. A lower credit score can affect one's ability to move out and find a new place to live.
Spencer Platt/Getty Images
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Housing price trends are split down the middle of the country

by Amy Scott and Sarah Leeson
Mar 30, 2023
Prices are cooling in the West, but the market in the East is still hot. We check in with a real estate pro in the center of the divide.
A home for sale in Houston, which sits on the fault line between regions going in opposite directions.
Brandon Bell/Getty Images
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As mortgage rates fall, applications tick up

by Justin Ho
Mar 30, 2023
In the last few months, mortgage applications have risen as rates have ticked down.
Mortgage rates rises have tapered recently, which has incentivized more people to fill out applications.
phototechno via Getty Images
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Homebuyers keep looking for a dip in mortgage rates

by Sabri Ben-Achour
Mar 29, 2023
A February rise in pending home sales likely reflects a short dip in rates earlier.
An uptick in a pending home sales in February follows lower mortgage rates from a month or two earlier.
Justin Sullivan/Getty Images
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Rent inflation has been slowing down for months

by Justin Ho
Mar 29, 2023
A recent survey found people expect rents will rise faster than home prices. But recent data have shown the opposite trend.
A recent survey found most people expect rent to rise faster than home prices, but recent data show a slowdown in rent inflation.
Al Bello/Getty Images
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