How much has mortgage debt increased and shifted through the years? A new report looks at what led to record-high mortgage debt.
Read More »Walk This Way? Home Prices Rising in Certain Areas
Redfin reports that home-sale prices in neighborhoods that are walkable increased annually 2.3% to an average of $343,900 in July, compared to 4.3% growth in car-dependent areas. The ...
Read More »Tappable Equity Grows
Tappable equity growth had been slowing in recent quarters due to rising interest rates and slowing home price growth, but Q2 2019 saw a turnaround.
Read More »Eye on the Industry: Leadership Change at Gateway
Gateway First Bank, one of the largest banks in the state of Oklahoma, announced the appointment of industry veteran Stephen Staid as its Chief Servicing Officer. As ...
Read More »Studying the Ban on Single-Family Housing
A study by the National Association of Home Builders (NAHB) states traditional housing zoning has been seen as a barrier to affordability, and that using policy to promote ...
Read More »Downward Trend for Defects in Loan Applications
According to First American Financial Corporation’s Loan Application Defect Index, the frequency of defects, fraud, and misrepresentation submitted in mortgage loan applications in July fell 5% from the ...
Read More »Refinances Cause Mortgage Organizations to Spike to $2 Trillion
Freddie Mac announced Wednesday that August forecasts show mortgage origination will reach $2 trillion in 2019, driven mostly by the recent surge in refinancing due to historically low ...
Read More »The State of Housing In Opportunity Zones
Homes in “Opportunity Zones,” established by Congress in the Tax Cuts and Jobs act of 2017, are cheaper than the average home, according to a new report.
Read More »Affordability Receives a Jolt
Consumers’ homebuyer power increased in June by 3.3% from the prior month and has risen 12.2% year-over-year, according to First American Financial Corporation’s Real House Price Index (RHPI). ...
Read More »Home-Sale Prices Recovering since 2000
CoreLogic reports that the number of homes selling at or above the list price in June fell to 39.2%—10% higher than the average since 2000. The report states ...
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