A new study from LendingTree revealed some 80% of homebuyers in past two years don’t regret buying a home during the pandemic housing boom.
Read More »Homebuyers Expand Their Options With Rent-to-Own Homes
A new Javelin study revealed that a majority of Gen Z’ers and nearly 40% of millennials would consider rent-to-own agreements as an alternative to purchasing as a result of low inventory and historically high mortgage rates.
Read More »Pandemic Ripples Still Impacting Single-Family Housing Trends
New Fannie Mae data revealed the pandemic prompted many first-time homebuyers to move from smaller housing units in high-density cities to larger homes in lower-density areas, fueling a rise in home sales and lowering the number of days homes sit on the market.
Read More »How Digitalization Is Transforming Residential Real Estate
The number of investors using digitalization to buy newly available single-family homes is growing, as a new report from the Joint Center for Housing Studies shows how the use of data analytics is transforming how residential real estate is bought and sold.
Read More »HUD Secretary, Deputy Secretary to Honor Dr. King’s Legacy
HUD has announced that Secretary Marcia Fudge and Deputy Secretary Adrianne Todman will participate in service projects to honor Dr. Martin Luther King. Jr., and discuss how modern-day housing issues intersect with the civil rights legacy he helped inspire.
Read More »Home Price Growth Moderates to Single-Digit Territory in December
The typical asking price slowed to a single-digit pace for the first time since December 2021, according to the Realtor.com Monthly Housing Trends Report, marking a significant slowdown from the peak 18% year-over-year pace seen in 2022.
Read More »Mortgage Credit Availability Declined in December
Joel Kan, MBA’s VP and Deputy Chief Economist, said, “The doubling of mortgage rates over the past year caused credit availability to shrink 18% during the same period. This pivot in the market resulted in lenders exiting certain origination channels to manage their operational costs or stop lending altogether.”
Read More »High Home Costs Dampening Rental Demand
December marked the seventh straight month in which annual rent growth slowed, while rents rose 5% from a year earlier—the smallest increase in nearly a year and a half.
Read More »Home Prices Falling Nearly Twice as Fast as Condo Prices
A new study from Point2 revealed condo prices are much more resistant to price declines than single-family home prices, as new data shows homebuyers are moving away from increasingly unaffordable homes and opting for more budget-friendly alternatives.
Read More »WF to Close Correspondent Business, Shrink Mortgage Servicing Portfolio
Wells Fargo has announced it will significantly shrink its mortgage servicing portfolio in a recent release, revealing the shift will result in a round of layoffs for the bank’s mortgage operations.
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