Lenders Optimistic on DTI Change

Lenders Optimistic on DTI Change

Fannie Mae recently raised the cap on its maximum debt-to-income (DTI) ratio to 50 percent. Will it help?  NAR Research queried lenders about this change in the Survey of Mortgage Originators for the 2nd quarter of 2017. Lenders were optimistic about the change, but...
Fed’s Change Means Higher, More Volatile Rates

Fed’s Change Means Higher, More Volatile Rates

Major changes are coming to housing finance. The Federal Reserve is about to unwind a program that has held mortgage rates low for several years. How will this change impact housing? Lenders weighed-in in NAR’s most recent Survey of Mortgage Originators. Operation...
Tracing the Beaten Path

Tracing the Beaten Path

Foot traffic, the number of times a property is shown to potential homebuyers, is a strong indicator of housing demand and future home sales. Each month NAR Research publishes a diffusion index for foot traffic, but recent efforts have expanded on this work to create...
Foot Traffic Picks Up

Foot Traffic Picks Up

A week ago we introduced a new measure of foot traffic, the foot traffic volume index. This week we provide an update on the August trend in traffic. Foot traffic rose on a seasonally adjusted basis for the second consecutive month suggesting an end to the downward...
The Future of Appraisal: It’s Not Simple

The Future of Appraisal: It’s Not Simple

Reports of delayed appraisals and rising appraisal costs flourished in 2016. In this article, we try to shed light on potential paths the industry might take moving forward given trends in demographics, training, and automation. This analysis suggests that while...