Real house prices increased 45.6% between April 2021 and 2022, while consumer house-buying power, decreased 8.75% between March 2022 and April 2022.
Read More »Refi Apps Tumble 80% YoY
As fixed-rate mortgages crawl to the 6%-mark, mortgage application volume did rise slightly for the third consecutive week, but refinance volume trended in the opposite direction, falling 80% year-over-year.
Read More »Mortgage Lenders Adapt to Reality of Market
New data from the STRATMOR Group Technology Insight Study on Digital Innovations reveals that adoption and engagement numbers are low, amid an unstable market and rising rates.
Read More »Trend to Watch: PropTech
At the crossroads of FinTech and real estate, PropTech aims to increase efficiency and save originators money.
Read More »ARMs Offer Largest Savings Since 2015
As mortgage rates surge at their fastest pace in decades, a new Redfin study revealed that homebuyers could save more than $15k over five years by taking out an adjustable-rate mortgage rather than a typical 30-year fixed-rate mortgage.
Read More »Op-Ed: Program Assists Frontline Workers With Affordability Issues
Abby Waltz, National Director for Homes for Heroes, explains how Florida’s new Hometown Heroes Housing Program is a small step in the right direction to assist frontline workers achieve the American dream of homeownership.
Read More »Home Prices Dip Month-Over-Month But Post Annual Gains
S&P CoreLogic Case Shiller reports that despite a 20.4% annual gain in April 2022, home prices in the U.S. were down slightly from 20.6% recorded the previous month.
Read More »Addressing Homelessness at the Real Estate Level
Per a new Urban Institute report, local governments and organizations, both public and private, should consider homelessness as a systemic issue, which can be solved with a multi-layered approach.
Read More »Fannie Mae Op-Ed: Making Rent Count
Cyndi Danko, SVP, Chief Credit Officer Single-Family at Fannie Mae, discusses how rent payment history is helping more people get a mortgage, including people of color.
Read More »Affordability in Question as Mortgages Get More Expensive
Another shocking record high has been reported by Zillow’s May 2022 Market Report as mortgage payments are now higher than rent in 40 of the 50 largest metropolitan areas. ...
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