Mortgages, the largest component of household debt, increased in the first quarter due to the year-over-year uptick in originations.
Read More »A Contrasting Financial Picture 7 Years Post-Crisis
The Federal Reserve Board found that American families experienced continued mild improvement in their financial well-being in 2015, but many families were struggling financially and felt excluded from economic advancement.
Read More »Top 5 Stable Housing Markets in the U.S.
Housing markets in metros all over the country are improving and many metros are making their way back to their benchmark ranges, according to an index from Freddie Mac.
Read More »Housing Shortage Fueling Rapid Price Increases
Fewer homes for sale over the past year have driven prices up faster than expected, according Zillow’s latest Real Estate Market Report.
Read More »New Home Sales Skyrocket to an 8-Year High
New single-family home sales did something remarkable this month. Sales in this sector rose significantly month-over-month and year-over-year to reach the highest level since 2008 despite falling inventory levels.
Read More »What is Driving Risk Higher on First-Time Buyer Loans?
What led to risk of default on agency first-time buyer mortgages reaching a series high in April?
Read More »Refinancing Takes a Tumble
Despite the current, historically low-interest rate environment, homeowners are still stalling on refinancing their home.
Read More »Feds Need to Prepare for Senior Housing Boom
By 2030, a full 20 percent of the American population will be at least 65 years old. The bad news is that a large percentage of that population will not be financially prepared to fund their retirements and age in their own homes, and the government needs to start fixing the problem now.
Read More »First-time Homebuyers Flood the Market
According to the American Enterprise Institute’s International Center on Housing Risk, first-time buyer volume has jumped 18 percent since April of last year, totaling 98,000 first-time buyer loans for the entire month.
Read More »Is Homeownership Out of Reach for Millennials?
New research shows that millennial renters want to purchase a home, but based on current savings rates, they may need to save up for a decade or longer before they are able to come up with a 20 percent down payment.
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