National affordable housing program announces executive leadership changes, as Matt Pettit is promoted to CEO and American Mortgage Diversity Council Chair Tai Christensen is promoted to President of the company.
Read More »Trading Rent for a Mortgage Might Backfire in These Metros
On one hand, buying a home and paying a mortgage means owners can build equity and leave an inheritance. However, when adding up monthly mortgage payments, home insurance, and property taxes, many renters could be left feeling like renting is not just the best option, but the only option.
Read More »Mortgage Credit Availability Falls to Lowest Level in a Decade
“Mortgage credit availability declined to its lowest level since 2013, as lenders pulled back on underutilized loan programs and as liquidity concerns remain for some jumbo lenders,” said Joel Kan, MBA’s VP and Deputy Chief Economist. "Declining origination volumes have led to lower profitability for many lenders, resulting in narrower loan product offerings to reduce operational costs.
Read More »Homeownership Access Remains Hampered by High Home Prices
According to a new survey from Arrived, Americans are seeking financial security and stability from homeownership, but many remain hindered by unaffordability. Nearly 80% of Gen Zers report home prices are their biggest barrier to entering the housing market and purchasing a home.
Read More »Anne Leyden Joins Radian’s Board of Directors
Former TransUnion executive brings senior human capital management experience with broad consumer and business-to-business leadership in the financial services sector to her new role.
Read More »Women in Housing Take Center Stage at Five Star Conference
The 25 finalists for the 2023 Women in Housing Leadership Awards, to be presented during the 20th Annual Five Star Conference and Expo in Dallas this September, have been named.
Read More »Home Prices Hit Record Highs in 60% of Major Markets
"We've been noting for some months that the recent rate of home price gains would have a lagging, but significant, impact on the annual rate of appreciation," said Black Knight VP of Enterprise Research Andy Walden. "Well, June marked that inflection point."
Read More »‘Bad Time to Buy’: Fannie Mae Reports on Home Purchase Sentiment
For a litany of reasons—including rising prices and inflation—most consumers surveyed believe that now is not a good time to purchase a home.
Read More »Study: How Much Americans Spend Annually on Household Bills
While households nationwide continue to struggle with the increased cost of living, doxoINSIGHTS’ 2023 State by State Bill Pay Market Report revealed the average American is spending almost $25,000 per year on household expenses, with 73% of consumers reporting that inflation is currently impacting their ability to pay bills.
Read More »Rental Market Experiences Significant Increases in Prices, Listings
While rental prices peaked in Q2, they are expected to trend downward in the coming months, as available-for-rent inventory has surged 70% year-over-year. Here’s what else HouseCanary's latest National Rental Report has to reveal.
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