"These low rates should somewhat offset the house price gains seen the last number of months and keep housing affordability elevated," says Freddie Mac's chief economist.
The U.S. Department of Housing and Urban Development has reportedly postponed a ban that was to prevent real estate professional from representing both buyers and sellers in FHA pre-foreclosure transactions.
The shadow inventory was once deemed a big threat to derailing the housing recovery. But the latest numbers show that threat is quickly vanishing.
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