According to First American’s Chief Economist, two major hurdles stand in the way of homebuyers and affordable homes. Click through to find out what those obstacles are.
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 »Over 12 Million Helped by Habitat for Humanity
Habitat for Humanity’s 2022 annual report underscores the lengths the organization goes to help unhoused people here and abroad.
Read More »Ranking the Most Expensive ZIP Codes
Records were broken in nearly every ZIP code across the nation, but these cities saw the biggest gains.
Read More »Second Consecutive Week of Rate Drops Spurs App Volume Uptick
After a historic decline in mortgage rates last week, a second consecutive week of rate drops has given way to a 2.2% rise in overall mortgage applications.
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 »Analysis: Grocery Stores and the Housing Market
Homeowners near certain grocery stores, such as Trader Joe’s, report a massive impact on their home values.
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