Property News

The U.S. government may soon return Fannie Mae and Freddie Mac to private markets less than two decades after turmoil nearly toppled the mortgage industry.

By 2055, 84% of all U.S. homes may see some drop in value, totaling $1.47 trillion in losses, according to an analysis by climate-risk firm First Street.

Mortgage rates dipped slightly last week, but so did mortgage demand, as housing affordability continues to sideline potential buyers.