Memphis, Tennessee-based regional financial services company extends Chairman, President and CEO D. Bryan Jordan's employment agreement for five more years.
Read More »Housing Inventory Crunch Accelerates in July
Active housing inventory was reportedly 49.2% below typical pre-pandemic July levels, as Realtor.com reports that on a typical day in July, there were 45,000 fewer homes available to buy year-over-year.
Read More »Government Credit Rating Downgrade Forces Uptick in Mortgage Rates
On the heels of Fitch Ratings downgrading the GSEs’ senior unsecured debt ratings to 'AA+' from 'AAA,’ Freddie Mac reports the fixed-rate mortgage climbed nine basis points week-over-week, inching closer to the 7%-mark.
Read More »HUD Partners With NAREB to Address Appraisal Bias and Discrimination
New partnership will increase education, outreach, and efforts geared to tackle appraisal bias and discrimination in the housing marketplace.
Read More »Cities in FL and CA Dominate List of the Nation’s Most Cost-Burdened Homeowners
According to a new study, “house poor” homeowners in the Sunshine State and Golden State face the largest housing expenses, including monthly mortgage payments, property taxes, homeowners’ insurance, and utilities.
Read More »Limited Inventory Weakens Conventional Purchase App Activity
The MBA reports that overall mortgage application volume fell for the second straight week, with limited housing inventory and rates nearing the 7% mark hampering affordability for many potential buyers.
Read More »Boosting the Affordable Housing Supply in Rural America
The bipartisan Neighborhood Homes Investment Act seeks private investments in rural communities to construct affordable homes, and revitalize 500,000 homes for middle- and low-income families.
Read More »Despite Small Gains, Home Price Growth Remains Near 11-Year Low
CoreLogic economists attribute June’s small bump in price growth to an economic rebound, a boost in the jobs market, and strong consumer spending.
Read More »Ranking the States Where It Takes the Longest to Sell a Home
A new study has found that those selling a home in this sunny state are enduring the longest time to sell a home, with an average span of 65 days that homes are on the market. Click through to find out the state in question.
Read More »How Are Mortgage Rates Impacting Home Sales?
A new Zillow survey reveals that 80% of mortgage holders report having a rate of less than 5%, as over time, homeowners will come to terms with higher rates as commonplace.
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