Profit margins are up for home flips — but there’s a catch Sep. 20th 2024
After years of declines, home-flipping profits are coming back. That’s according to a report released this week by Attom, which showed that the typical profit on a flip in the second quarter of 2024 was 30.4%, the fourth time in five quarters that margins rose.
MBA head Bob Broeksmit talks IMB victories ahead of the 2024 election Sep. 20th 2024
Bob Broeksmit, president and CEO of the Mortgage Bankers Association, joins the HousingWire Daily podcast to discuss a variety of topics.
Backflip CEO Joshua Ernst on the resiliency of the fix-and-flip model Sep. 20th 2024
Josh Ernst, CEO of Backflip, has a tech solution to help rehab all the older houses in the U.S. with affordable options for new buyers.
Why did mortgage rates go up after the Fed rate cut? Sep. 19th 2024
The Federal Reserve cut rates on Wednesday and mortgage rates went up! What happened? The answer lies in the bond market.
Bummer! Existing-home sales flop, but relief could be on the way Sep. 19th 2024
The Federal Reserve’s interest rate cut on Wednesday, which was larger than some people expected, couldn’t have come at a better time for the housing market.
Republican senators introduce bill to expand federal oversight of housing programs Sep. 18th 2024
Sen. Tim Scott and several Senate Republican colleagues have introduced a new bill to increase congressional oversight of HUD programs.
AOC pushes $30B social housing housing bill Sep. 18th 2024
The proposed bill would have numerous housing implications if passed, including the establishment of a new HUD division and a repeal of the Faircloth Amendment.
Homebuilders are returning to the single-family market. But it won’t be enough Sep. 18th 2024
Homebuilders are coming back to the single-family market, but multifamily prospects look dim and the overall pipeline isn't enough to make a dent in the housing shortfall.
Could Kamala Harris’ ambitious housing plan actually pass? Maaaybe Sep. 17th 2024
A historic rise in home prices and nearly three years of high mortgage rates have put housing issues front and center in the 2024 presidential campaign. Kamala Harris has outlined an ambitious vision for housing that would involve the construction of 3 million new homes in four years.
Foreclosures decline, but Attom says to watch for ’potential housing market instability’ Sep. 17th 2024
Higher mortgage rates and related affordability challenges are putting the squeeze on homeowners who have fallen behind on their mortgage payments, but foreclosure activity took a step back in August.