Competition in the housing market is cooling off. Here's why [CNBC]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: CNBC
New listings from home sellers jumped in May, up 13% from a year ago, according to the latest market report by Zillow. “You have an increase in sellers coming back on the market,” said Orphe Divounguy, a senior economist at Zillow. More from Personal Finance: Here's the inflation breakdown for May 2024 How much homeownership costs annually Biden and Trump both want to extend tax cuts But with buyers not returning to the market, many of those new listings are just adding to inventory. The number of homes on the market rose 22% compared to last year, Zillow found. “Homes are staying on the market for a bit longer because the sales are not keeping up with the flow of homes coming on the market,” Divounguy said. ‘The market is slowing down' Almost two-thirds (61.9%) of homes listed on the market in May had been for sale for at least 30 days without going under contract, according to a new analysis by Redfin. About 40.1% of homes that were for sale in May had been listed
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- Mortgage Interest Rates Today, June 26, 2024 | How Much Will Rates Drop This Year? [Business Insider]Business Insider
- Freddie Mac mortgage portfolio rises at 2.1% annual rate in May [Seeking Alpha]Seeking Alpha
- Freddie Mac Issues Monthly Volume Summary for May 2024GlobeNewswire
FMCC
Sec Filings
- 6/21/24 - Form 25
- 6/11/24 - Form 8-K
- 5/29/24 - Form ABS-15G
- FMCC's page on the SEC website