“Women have always taken on the heaviest burden of a socioeconomic system that was designed to profit from their underpaid and undervalued labor,” said Fatima Goss Graves, President and CEO of the National Women’s Law Center.
Read More »Purchase Mortgage Apps Fall for Fourth Consecutive Month
The MBA reports July purchase mortgage applications for new homes dipped 16.1% year-over-year, as high prices and economic instability continue to force the nation’s home buyers to reconsider their options.
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 »Slowing Market Boosts Negotiating Power
More and more buyer home-purchase agreements were cancelled in July to the highest mortgage rates seen in two years. Click through to see how many took advantage of their newfound negotiating power.
Read More »Housing Problems Faced by America’s Seniors
According to a new report by the Joint Center for Housing Studies, seniors are already experiencing housing woes, and that number is only set to grow as more Baby Boomers come of age.
Read More »Renters Feel the Squeeze of a Tightening Housing Market
A new study from Freddie Mac found that nearly 60% of renters saw their rent increase over the past 12 months, with just 38% of those polled seeing an increase in their wages to offset this hike.
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 »Inconsistent Mortgage Rates Dip Once Again
Following the up-and-down pattern of the 10-year Treasury, mortgage rates fell to 5.13% this week according to Freddie Mac, a week after shooting up to well above the 5% mark.
Read More »Black Renters in ‘Harsh’ Situation
The fact that housing and mortgage rates have done nothing but rise over the last year has hampered affordability across the board, but the impact on Black renters ...
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