Blog

---

Highlights include:

• Homeownership Affordability Remains Below Historic Norm
• National Homeownership Rate Slightly Increased from 65.4% in August to 65.8% in September
• FHA Mortgage Lending Share Near 10%
• FHA Seriously Delinquency Share = 49.50% (350,000 Loans of 707,000 Total Seriously Delinquent Mortgages)
• FHA Delinquency Rates = 9.9%
• 14.2% of Renters Behind on Rental Payments
• 6.4% of Renters Fearful of Imminent Foreclosures
• Underwater Borrowers = 1,030,000
• Foreclosure Starts Up to 24,000 from 21,400 in August and 8,300 a year ago
• Foreclosure Completions Up to 3,900 from 3,100 in August and 2,500 a year ago
• Home Prices Declined from Previous Month and Annual House Price Appreciation Continued to Decelerate
• New Home Inventory Rose
• Forbearances Declined to 362,000 Households, Down From 1.6M in August
• 30-Year Fixed-Rate Mortgages Exceeded 6% In September for 1st Time Since 2008 & Has More Than Doubled in Past Year

For the full report, please go to:  

https://www.huduser.gov/portal/sites/default/files/pdf/Housing-Market-Indicators-Report-September-2022.pdf

The ERES Team looks forward to seeing our industry friends and collaborate on strengthening the industry and continuing to stabilize communities.  The keynote will be Julienne Joseph, the Deputy Assistant Secretary, FHA's Office of Single-Family Housing at the U.S. Department of Housing & Urban Development.  For more information, please go to:  www.nppconf.com