Aneeza Haleem of Planet Home Lending details how mortgage tech advancements in 2024 will be transformative, offering tips on how to stay on top of these pioneering advancements.
Read More »U.S Mortgage Payments Drop to Lowest Level in Eight Months
The median U.S. housing payment is down from October’s record high, as new listings increase and mortgage-purchase applications are up nearly 20% from their November low, according to a new housing report from Realtor.com
Read More »Price Declines Offering Renters Some Relief
U.S. rent prices fell for the seventh consecutive month in November, according to a new Realtor.com report, as rental supply outpaced elevated demand in the West and South. However, Northeastern renters continued to struggle with higher costs.
Read More »Down Payment Assistance Under the Microscope
Miki Adams, President of CBC Mortgage Agency, discusses how the performance on FHA-insured loans is impacted when down payment assistance is utilized.
Read More »What 2024 Holds for the Housing Market
"Metro markets in southern states will likely outperform others due to faster job increases, while markets in the Midwest will experience gains from being in the most affordable region,” said Lawrence Yun, the NAR’s Chief Economist.
Read More »Mortgage Credit Availability Declines as Lending Standards Tighten
“Credit availability in November declined to its lowest level in four months, driven by reduced offerings of non-QM and jumbo loan programs,” said Joel Kan, MBA’s VP and Deputy Chief Economist. “The conforming and government indices were unchanged over the month but remained close to multi-year lows.”
Read More »Asking Rents Post Biggest Decline in Over 3 Years
“Renters are finally catching a break," said Redfin Chief Economist Daryl Fairweather. "Better deals are easier to come by because landlords are doling out concessions and rents have started falling in a meaningful way. Rising supply also means renters have more good options to choose from."
Read More »Proposed Bipartisan Legislation Seeks to Improve Housing Affordability
The Workforce Housing Tax Credit Act would help to close the homeownership gap by establishing a middle-income housing tax credit, which is estimated to finance approximately 344,000 affordable rental homes.
Read More »Fed Forgoes Holiday Interest Rate Hike
As widely expected by many, the Federal Open Market Committee chose to leave the nominal interest rate alone moving into next year, based on a litany of data.
Read More »What is The Loneliness Epidemic?
Housing advocates say a secure home and neighborhood can help prevent isolation-related illnesses.
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