Vesta Equity Market Recap 15.0
Stay on top of the market with Vesta Equity's Real Equity Marketplace Update 15.0 edition. Please sign up to receive the recap weekly and share the recap with people in your network who want to stay on top of the latest housing trends and investment opportunities.
The Pulse on Housing
Mortgage rates rise for the first time in over a month - 30-year mortgage rate climbs by most in two months to 6.43%.
The shortage of affordable homes in the U.S., which is currently at 3.8 million, highlights the difficulties in affordable housing development.
In March, mortgage delinquencies hit a new low while prepayments rose due to favorable seasonal trends and declining rates, according to Black Knight's First Look report.
Top News in Housing
Fannie Mae boosts housing outlook, even as economy slows - This article reports that Fannie Mae has increased its mortgage origination forecast for 2023 and 2024 based on a more optimistic outlook for home sales and prices, despite the slowing economy.
The Era of Super-Affordable Mortgages is Over: What’s Next in 2023? - Lenders must adapt to changing market conditions, including the end of the era of super-affordable mortgages and the refi boom.
Study: Homeowner Wealth Is 40 Times Higher Than Renters - Homeowners have accumulated more than $100,000 in equity over the last decade, giving them wealth 40 times higher than renters, according to a report by the National Association of REALTORS®.
Vesta Equity Marketplace Overview
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