Housing starts fell further than anticipated in July, as multi-family becomes a bright spot with builders adapting to a growing rental market.
Read More »Q2 Housing Affordability Drops to Lowest Point Since Great Recession
Rising mortgage rates, high inflation, low existing inventory, and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in Q2 of ...
Read More »Seizing Homeownership Opportunities
While several factors have played into affordability issues for many in attaining homeownership, Adam Mercado of ClearPath Lending stresses that timing and patience are key for this segment in today’s housing finance landscape.
Read More »Pushing Mortgage Underwriting Further Into the Digital Age
Andy Sheehan of Finicity explains how Freddie Mac’s Loan Product Advisor acceptance of direct deposit data to assess income, payroll, and account transactions data for verification of employment can enable digitization through open banking.
Read More »CFPB Circular Addresses Potential Misuse of Personal Financial Data
The Consumer Financial Protection Bureau (CFPB) confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer ...
Read More »Bidding Wars Becoming Less Common
Now recording its sixth month of decline, homebuyer competition has now fallen to levels seen during the initial throes of the pandemic. According to Redfin, 44.3% of home ...
Read More »New Desktop Appraisal Rules: Today’s Pains and Tomorrow’s Gains
John Dingeman of Class Valuation describes how technology in the appraisal space has made the process significantly more efficient for eligible loans.
Read More »The Average Home Cost Has Surpassed $400k For First Time
Despite market influences that are pushing up mortgage rates and slumping home sales numbers during the second quarter of 2022, most metropolitan areas still saw double-digit annual price ...
Read More »After Hitting 120-Day Low, Mortgage Rates Rise Once Again
A week after bottoming out to a four-month-low, mortgage rates jumped back upward this week, climbing to 5.22% despite continued correction in the housing space.
Read More »Share of Homes Listed More Than 30 Days Increases
The share of U.S. homes that were listed for 30 days or longer without going under contract increased 12.5% in July from a year earlier, according to a ...
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