A new LendingTree analysis of the 2020 Home Mortgage Disclosure Act found that the share of Black homebuyers who have their mortgage requests denied is notably higher than any other ethnicity. Click here to see the largest spread between mortgage denial rates for Black borrowers and the remainder of the borrower populace.
Read More »National Rents Remain at Historic Highs Across Suburbs, Urban Areas
Rent is growing faster in urban areas than in suburbia, reflecting a reversal of the earlier pandemic-induced trend. Reports indicate a shift toward a more sustainable balance of rental supply and demand, while national rents reached a new high for the 17th month in a row in July.
Read More »Homebuyers Find More Housing Options as Market Creeps Back to ‘Normal’
Rising inventory is now being driven by homes lingering on the market and new listings trailing pre-pandemic levels. Rent appreciation is also slowing, but the growth rate overall remains much higher than pre-pandemic levels.
Read More »Affordability Constraints Fueling Renovation Projects
While more housing inventory is becoming available, home prices and mortgage rates hikes are still limiting many homebuyers from purchasing. A new study reveals that 55% of homeowners reported renovating in the past year rather than continuing their new home search.
Read More »Weak Growth Will Continue as Housing Slows
Despite mortgage rates pulling back over the past month, numbers are down 59 basis points from the recent peak of 5.22% according to the latest Fannie Mae survey, they continue to anticipate a slowdown in home sales activity.
Read More »Median Home Prices Inch Downward
The latest RE/MAX Housing Report for July revealed the median sales price of $415,000 was down 2.9% from June, the lowest reading since April.
Read More »Existing-Home Sales Drop for Sixth Consecutive Month
Existing-home sales sagged for the sixth straight month in July, according to the National Association of Realtors. All four major U.S. regions recorded month-over-month and year-over-year sales declines. ...
Read More »IMBs Report Profit Losses in Q2
With IMBs reporting an overall net loss of $82 on each loan they originated in Q2, one analyst notes that “the second quarter of 2022 did not yield the usual Spring seasonal pick-up in purchase activity."
Read More »Roughly 16M Homes Remain Vacant Nationwide
Across the nation’s 50 most expensive towns, an average of 23.42% of homes currently sit vacant, despite waiting to be rented, sold or the homeowners staying in their primary residence. See what areas have the highest and lowest rates of vacancy in LendingTree's latest analysis here.
Read More »Brian Webster Appointed President of NotaryCam
Stewart Information Services Corporation announced that Brian Webster has been hired as the new President for NotaryCam, a Stewart-owned company. In this role, Webster will lead NotaryCam’s strategic ...
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