As part of his efforts to “Make Mortgages Great Again," the new director of the Federal Housing Finance Agency, Bill Pulte, removed 14 board members from Fannie Mae and Freddie Mac.
Rising costs across the U.S. are keeping homes on the market for longer, and in the cities where it takes the longest for homes to sell, it would take 3.5 months to sell all of the available homes on the market.
Gen Z is keen to enter the housing market, but high costs and elevated mortgage rates are a hindrance. Still, 67% say they plan to buy a home in 2025, compared with just 51% of Millennials.
Despite 58% of older adults expressing a strong desire to stay in their homes for the remainder of their lives, most homes aren't equipped for their needs. Survey results show there are several factors preventing older adults from remaining in their homes as they age.
