Month-over-month, HUD and the Census Bureau reported an 8.7% drop-off in new home sales in August, with sales impeded by mortgage rates over the 7% mark.
Read More »Nearly 7 in 10 Americans Feel Cost of Living Outpacing Worker Salaries
A new BofA study revealed that American employees continue to feel stressed about their finances and remain concerned about the increasing cost of living, with an estimated 67% of American employees reporting that the cost of living is outpacing growth in their salary or wages.
Read More »Total Housing Market Values Up Nearly 50% From Pre-Pandemic Levels
A new Zillow study revealed that total U.S. housing value has surged more than $2.6 trillion over the past year, an estimated 49% higher than before the pandemic, with new home construction continuing as the primary driver of housing market growth.
Read More »New Report Examines the Harm of Tenant Screening on Renters
The National Consumer Law Center has issued a report on how errors and bias in the screening process disproportionately harms Black and Latino/Hispanic renters.
Read More »Midwest Housing Markets Lead the Nation Given Their Relative Affordability
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index trended upward in July, with 19 of the 20 major U.S. metro markets reported month-over-month price increases.
Read More »Americans Struggling with Homebuyer’s Remorse, Housing Costs
A new All Star Home study revealed that 1 in 5 homeowners regret relocating, citing unexpected home costs as their top reason, while more than 20% of Americans said they regret how much they paid for their home.
Read More »Housing Affordability Reaches Lowest Point in Over Three Decades
According to the First American Real House Price Index, housing affordability dropped to its lowest point in more than three decades, with home prices jumping 2% from June.
Read More »John Erickson Joins the Board of Directors of NMI Holdings
Bringing more than 35 years of financial services experience to his new role, John Erickson becomes the 10th member of National MI’s Board of Directors.
Read More »Measuring the Gap Between eClose Tech and Adoption
A new survey from Snapdocs has found that 74% of lenders have invested in digital closing technology, yet only 28% of that total have achieved an adoption rate of 60% or better.
Read More »Americans Are Growing Less Confident They Can Afford a Home
According to MeridianLink’s latest Nationwide Mortgage Lending Survey, more than 30% of Americans are less confident in their ability to afford a home compared to five years ago. In addition, 55% expect mortgage rates to continue rising through the remainder of 2023.
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