A new FairPlay analysis of U.S. mortgage approvals reveals deep inequities in mortgage fairness over time, as data found that mortgage fairness for both applicants in a community declines as the population of Black and Native American residents increases.
Read More »Southeast Proves Best for Remote Workers Looking to Rent
As remote work migration continues to rise, a new study from RentCafe has determined the most desirable cities to move to for those working from home. Here are the latest findings.
Read More »Economy Hindering Americans from Milestone Purchases, Financial Goals
A majority of Americans are delaying life events and activities due to rising inflation, according to a new study from Bankrate, which found that an estimated 53% of consumers have delayed a major financial milestone due to the state of the economy.
Read More »Housing Choice Vouchers Examined by Race
A new report from the Urban Institute revealed some 65% voucher holders nationwide are Black or Hispanic, versus 40% of the overall U.S. renter population.
Read More »Q3 2022 Mortgage Bankers Performance Report
“Companies are responding to tough market conditions by reducing excess capacity, including staff, the number of production employees per firm is down 7% from the previous quarter, and 19% from one year ago," said Marina Walsh, CMB, MBA’s VP of Industry Analysis.
Read More »Homebuyers, Sellers Hesitant After Biggest Rate Hike in Four Decades
A new study from Redfin revealed Americans are now hesitant to sell their homes as mortgage costs soar, due to many having low interest rates locked in amid nationwide inflation and ongoing economic uncertainty.
Read More »Mortgage App Payments Rose Nearly 4% in October
The Mortgage Bankers Association has released new data showing the national median mortgage payment rose to $2,012 in October, recording a slight climb from September. Meanwhile, median asking rents increased an estimated 6.2% between Q2 and Q3 of 2022.
Read More »Nation’s Longest Home Price Boom Ends with Price Decline
Lasting more than a decade, the longest-running home price boom has come to an end, as new Research from American Enterprise Institute showed significant price declines from record peaks in almost all of the nation's 60 largest metros.
Read More »Gen Z Reacts to Inflation by Seeking Additional Incomes
A recent Bank of America survey revealed that as inflation persists, an estimated 75% of young adults are seeking more ways to earn additional income, as challenges of achieving their financial goals remain constrained.
Read More »Mid-Size Cities Top List of Best Metros for Families
A new StorageCafé study showed the South dominated the list of the 20 most family-friendly cities, with the Lone Star State grabbing five spots in the rankings, as Plano, Texas, was named the best city in which to raise a family.
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