MacKenzie Scott's philanthropic organization, Yield Giving, is providing D.C.-based National Housing Trust with a onetime donation of $10 million to support affordable housing development
Fannie Mae upgraded its single-family housing starts forecast for 2023 by 72,000 units and its 2023 forecast for mortgage originations from $1.59 trillion to $1.62 trillion
Mortgage rates are high right now, but just one-tenth of existing mortgages have an interest rate above 6%, and that imbalance has significant ramifications for the housing market
Elevated mortgage rates may be slowing home sales and cooling the for-sale market, but they're also limiting housing inventory, which is sending prices to new highs