Sustainable homeownership is the “gateway to the middle class” for many Americans and is the primary source of wealth creation for many, which is why increasing the homeownership rate is so critical to a healthy economy, according to a panel at a housing forum in Washington, D.C., on Tuesday.
Read More »Credit Unions’ Financial Services Restrained By Regulations
The National Association of Federal Credit Unions expressed their concerns surrounding credit unions’ efforts in rural communities and limitations they face due to regulatory restrictions prior to the Senate Banking Subcommittee hearing called “The State of Rural Banking: Challenges and Consequences” held Wednesday.
Read More »Mortgages Remain One of Top Three Issues in CFPB Complaint Report
The fourth volume of the Consumer Financial Protection Bureau's monthly complaint snapshot released Tuesday focused on one of its top three most complained-about financial product: mortgages.
Read More »Homeownership Rate Rises After Reaching 48-Year Low in Q2
Americans appear to be purchasing more homes as the U.S. homeownership rate has finally moved upward for the first time in two years in the third quarter of 2015, following a 48-year low hit the previous quarter, the Department of Commerce’s Census Bureau announced Tuesday.
Read More »Home Prices Continue to Soar in August
The S&P Dow Jones Indices released its results of for the S&P/Case-Shiller U.S. National Home Price Index Tuesday, showing that home prices experienced year-over-year gains of 4.7 percent in August compared to a 4.6 percent increase in July.
Read More »HUD Secretary Castro Discusses Millennial Homeownership Strides
HUD Secretary Julián Castro, whose name has been bantered for months as a possible vice presidential candidate, joined Realtor.com Chief Economist Jonathan Smoke in a conversation Monday evening about millennial housing held at George Washington University in Washington, D.C. In the conversation, Secretary Castro and Smoke addressed a number of questions surrounding America's most talked about generation and how they are faring the housing market amid numerous regulatory changes.
Read More »Housing Industry’s Nonbank Participation Highest in 20 Years
In 2014, the market share of independent mortgage companies rose to 47 percent for home purchase loans and 42 percent for refinance loans, the highest those shares have been at any point in the last 20 years, meaning nonbank mortgage companies have more than regained their market share they lost due to the Great Recession.
Read More »Buying a Home is More Affordable Than Renting for Millennials, Report Shows
With interest rates lower than they have been since 2012, now is likely the best time to purchase a home, according to Trulia’s most recent Rent vs. Buy Report.
Read More »Housing Market to Continue to Improve in 2016, But Not Without Headwinds
With so many positive reports on the housing market thus far in 2015, economists believe that growth in 2016 will keep the upward trend going, but not without a few headwinds.
Read More »New Home Sales Decline Sharply in September
New single-family home sales in September 2015 fell dramatically to a seasonally adjusted annual rate of 468,000, down 11.5 percent from the revised August rate of 529,000, according to estimates released jointly Monday by the U.S. Census Bureau and HUD.
Read More »