A new Veterans United Home Loans survey revealed that high home prices are among the top reasons that impact the decision to buy a new home among service members and Veterans. However, many remain optimistic about homebuying in 2023 despite ongoing affordability challenges.
Read More »Inflation Impacting Millennial Homebuying Plans Nationwide
According to a new study from Real Estate Witch, inflation has impacted an estimated 92% of millennials' homebuying plans, indefinitely delaying home purchases for many prospective buyers.
Read More »BofA to Invest Upwards of $150M in Housing Preservation Project
Bank of America has announced collaborations with Enterprise Community Partners and developers to preserve housing for middle-income earners, helping preserve more than 3,000 affordable homes nationwide.
Read More »Q4 2022 Report Examines Mortgage Market Opportunities
As mortgage volume continues to decline, Sales Boomerang’s latest Q4 2022 Mortgage Market Opportunities Report highlights areas of opportunity still available for loan originators.
Read More »Median Existing-Home Price for All Housing Types Increased in December
“Home prices nationwide are still positive, though mildly,” said NAR Chief Economist Lawrence Yun. “Markets in roughly half of the country are likely to offer potential buyers discounted prices compared to last year.”
Read More »New Listings Wane as Homes Linger on Market
The RE/MAX National Housing Report revealed new listings recorded the largest month-to-month decline in December 2022, while markets with the biggest decrease in year-over-year new listing percentages were found in Sunbelt cities such as Las Vegas and Los Angeles.
Read More »Home Purchase Mortgage Apps Fell Nearly 30% in December
Mortgage applications for new home purchases decreased 25.2% in December compared to a year ago, according to a new report from the MBA Builder Application Survey. The data shows the number of applications and estimated sales are more than 20% behind last year's pace.
Read More »Senior Home Equity Exceeds Record $11.8T
The National Reverse Mortgage Lenders Association and RiskSpan Reverse Mortgage Market Index hit a record high of 413.22, while senior housing wealth grew by nearly $226 billion in Q3 of 2022.
Read More »Fannie Mae Competition to Helps Advance Racial Equity in Housing
Fannie Mae has selected five proposals to help advance racial equity in housing through the $5 Million Innovation Challenge, designed to assist in finding solutions to remove barriers in the home renting and homebuying experience.
Read More »YoY Single-Family Rental Price Gains Fell Nearly 8% in November
According to a new CoreLogic report, annual rent growth dropped for the seventh consecutive month in November, while Florida metros and Sunbelt cities posted the highest rental cost gains.
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