New findings from Fannie Mae’s HSPI revealed consumers are increasingly expressing “pessimism toward the larger economy this month, in addition to their ongoing frustration with the housing market,” said Doug Duncan, Fannie Mae Senior VP and Chief Economist.
Read More »Chris Lewis Promoted to Director of Sales at DocMagic
Twenty-five-plus-year industry veteran tapped to lead sales operations and oversee revenue for all products and services for provider of eMortgage solutions for the mortgage industry.
Read More »Study Finds Millennials, Gen Zers Taking Longer to Leave Home
With mortgage rates hitting a 23-year high and worsening affordability continuing to hamper potential homebuyers and renters nationwide, multigenerational households are becoming much more common, according to a new RentCafe report. Here’s what else the report reveals.
Read More »New Zillow Maps Highlight Regions Faced With Homeownership Barriers
A new study has found that a lack of access to credit is preventing many renters from attaining homeownership, despite renters inhabiting areas where a monthly mortgage payment is less than rent.
Read More »Purchase-Mortgage Apps Dropped Below Pre-Pandemic Levels in October
As housing affordability and demand continue to worsen for Americans nationwide, the latest ICE Mortgage Monitor Report revealed that purchase-mortgage applications fell nearly 50% below pre-pandemic levels in October, representing the weakest numbers recorded since rates began to rise.
Read More »Luxury Home Prices on the Rise in Q3
Redfin reports that affluent homebuyers drove luxury home sales to the highest third-quarter level on record, growing nearly three times faster than non-luxury home prices. Click through to read the full analysis.
Read More »Where Does It Take the Longest to Save for a Home?
A new analysis of National Low Income Housing Coalition data ranks the states where it takes the longest to save for a median-priced home utilizing the 50/30/20 rule—50% on needs, 30% on wants, and 20% on savings. Click through to view the rankings.
Read More »Arc Home Appoints Brian Devlin President and CEO
Bringing more than 20 years of experience in product development, capital markets, and the non-QM space to his new role, Brian Devlin will assume the role of Arc Home President and CEO.
Read More »Report: Just How Commonplace Is Appraisal Bias?
The American Enterprise Institute has analyzed the FHFA’s appraisal-level dataset, digging deeper into a selected set of data fields found in appraisal reports. Click through to find out some of AEI’s findings regarding valuation bias.
Read More »Bad News on the Home Inventory Front
A new HouseCanary report finds that housing inventory has probably peaked for the year, and the peak was the lowest recorded since the pandemic began. Is there any relief on the horizon?
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