Researchers from Finance of America Reverse report that a lack of education about their options could be preventing Americans’ use of their homes as both a shelter and financial springboard.
Read More »Despite High Rates, There are More Buyers than Inventory for Sale
“Some buyers are hoping they can get a home for under asking price to make up for high interest rates because they’re hearing the housing market is slow. But what’s happening nationally isn’t necessarily true [locally],” said Kristin Sanchez, a Redfin Premier Agent.
Read More »Andrew Strickman Named Chief Marketing Officer for New American Funding
Bringing more than 20 years of experience to his new role, Andrew Strickman has been tapped to lead a team of more than 50 to grow New American Funding’s efforts in branding, events, insight, strategy, and audience marketing.
Read More »Mortgage Rates Bump Up to 21-Year High
Hitting levels last recorded in 2001, Freddie Mac reports the fixed-rate mortgage at 7.23% this week, forcing more prospective buyers to back to the sidelines and pushing purchase activity to a 28-year-low.
Read More »Affordability Challenges Persist as Mortgage App Payments Remain Flat
“Prospective homebuyers continued to face challenging conditions in July, with elevated and volatile mortgage rates and low housing inventory serving as a formidable one-two punch that suppressed mortgage applications and sales activity,” said Edward Seiler, MBA’s Associate VP, Housing Economics, and Executive Director, Research Institute for Housing America.
Read More »Hottest U.S. ZIP Codes Offer Homebuyers More Space, Shorter Commutes
As many Americans return to work, a new Realtor.com report showing the Hottest ZIP Codes of 2023 revealed homebuyer demand is being fueled in part by the desire for more commute-friendly locations and additional space.
Read More »Home Purchase Apps Drop to Near 30-Year-Low
The MBA reports a 4.2% week-over-week slide in overall mortgage application volume, with apps for home purchase mortgages falling to levels last reported in April of 1995, as rates shot up to the 7.30% range.
Read More »Fannie Mae Experts Weigh in on Possibility of Economic ‘Soft Landing’
While the “if” and “when” of a recession remain uncertain, the Fannie Mae Economic and Strategic Research Group does forecast one to occur, expected to begin in the first half of 2024—despite increased chances of a “soft landing.”
Read More »HUD: Federal Actions Helped Avert Pandemic-Related Surge in Homelessness
A pair of new HUD reports suggest that federal relief prevented a rise in evictions and homelessness during the pandemic through a series of federal intervention actions.
Read More »Better Home & Finance to Close Business Combination With Aurora
Digital homeownership company that has surpassed $100 billion in funded loans will become a publicly traded company and continue developing its proprietary loan origination platform, Tinman.
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