A new Realtor.com poll has found that only three in 10 U.S. veterans realize they can buy a home with zero down. After the link, read more on a new campaign to help educate U.S. vets and servicemembers on the benefits of VA loans.
Read More »Is AI the End-All Solution to Mortgage Lending Inequities?
In a new article jointly authored by the Federal Home Loan Bank of San Francisco and the Urban Institute, new research examines the effects of Artificial Intelligence (AI) in helping level the playing field for minorities and borrowers of color, with the ultimate goal of advancing racial equity in homeownership.
Read More »Commercial, Multifamily Loans Drop Precipitously YoY
“Borrowing and lending were down for every property type and capital source from one year ago. However, compared to this year’s second quarter, volumes were more stable, and some sectors—including industrial properties and life company lenders – showed an uptick in volume,” said Jamie Woodwell, MBA’s Head of Commercial Real Estate Research.
Read More »Where Are U.S. Retirees Flocking To?
A new poll from U.S. News & World Report ranks the nation’s top destinations where retirees are settling down based on affordability, healthcare, desirability, retiree taxes, job market, and overall happiness. Click through to find out which state occupies seven of the top 10 most sought-after areas.
Read More »Consumers Express Increasing Housing Market Frustrations
New findings from Fannie Mae’s HSPI revealed consumers are increasingly expressing “pessimism toward the larger economy this month, in addition to their ongoing frustration with the housing market,” said Doug Duncan, Fannie Mae Senior VP and Chief Economist.
Read More »Study Finds Millennials, Gen Zers Taking Longer to Leave Home
With mortgage rates hitting a 23-year high and worsening affordability continuing to hamper potential homebuyers and renters nationwide, multigenerational households are becoming much more common, according to a new RentCafe report. Here’s what else the report reveals.
Read More »New Zillow Maps Highlight Regions Faced With Homeownership Barriers
A new study has found that a lack of access to credit is preventing many renters from attaining homeownership, despite renters inhabiting areas where a monthly mortgage payment is less than rent.
Read More »Purchase-Mortgage Apps Dropped Below Pre-Pandemic Levels in October
As housing affordability and demand continue to worsen for Americans nationwide, the latest ICE Mortgage Monitor Report revealed that purchase-mortgage applications fell nearly 50% below pre-pandemic levels in October, representing the weakest numbers recorded since rates began to rise.
Read More »Luxury Home Prices on the Rise in Q3
Redfin reports that affluent homebuyers drove luxury home sales to the highest third-quarter level on record, growing nearly three times faster than non-luxury home prices. Click through to read the full analysis.
Read More »Where Does It Take the Longest to Save for a Home?
A new analysis of National Low Income Housing Coalition data ranks the states where it takes the longest to save for a median-priced home utilizing the 50/30/20 rule—50% on needs, 30% on wants, and 20% on savings. Click through to view the rankings.
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