Housing Market Archive

REALTOR® Comments on Housing Market Issues in Latest RCI Survey

Every month REALTORS® provide a variety of comments on the state of the market when responding to the RCI survey. In general, REALTORS® noted in the February report that uncertainty about economic conditions, rising prices, weather, the limited inventories...

Lenders Reserved on Some QM Lending

The qualified mortgage (QM) rule was implemented in January of 2014. It is the first of two rules that came from the Dodd–Frank Wall Street Reform and Consumer Protection Act that will impact the housing market. This law is...

Housing Wealth Recovery

In just a short two years, the nation’s property owners have accumulated nearly $4 trillion in housing wealth.  During the harsh downturn, $7 trillion was wiped out.  As a result, the housing market is still in recovery mode and...

REALTORS® Confidence Index Shows Unchanged Market Conditions

Residential sales market conditions were essentially the same in February as in January 2014, according to the latest REALTORS® Confidence Index. Demand has been dampened by the erosion in home affordability due to price increases and higher interest rates...

Lenders Leery of non-QM Lending

The qualified mortgage (QM) rule was implemented in January of 2014. It is the first of two rules that came from the Dodd–Frank Wall Street Reform and Consumer Protection Act that will impact the housing market. This law is...