According to the Realtor.com Monthly Rental Report, new rental data shows affordability issues are on the rise, as Americans spent an average 30% of their monthly budgets on ...
Read More »New Home Sales Slip in February
Sales of new single‐family houses were at a seasonally adjusted annual rate of 772,000 in February, falling 2% below January’s rate of 788,000.
Read More »New Biden Plan Seeks to Eliminate Bias in Home Lending and Appraisals
The Biden Administration has established the PAVE Task Force to tackle racial bias in the home lending and appraisal process.
Read More »Home Price Gains Outpace Median Income in Major Cities
Zillow found that over the course of 2021, the gains most homeowners realized amounted to much more than the median income for the associated areas.
Read More »IMBs Suffer Production Profit Decrease
The average loan balance for first mortgages increased to a new high of $312,306 in Q4, resulting in negative net gains on each loan originated.
Read More »Closings Inch Down Ahead of Anticipated Spring Surge
RE/MAX released its National Housing Report for February 2022, revealing home sales fell approximately 1% from January, planning for what is typically the year's biggest month-over-month incline in ...
Read More »Panorama Mortgage Group Names New CFO
Panorama Mortgage Group (PMG), a multi-brand national mortgage company headquartered in Nevada, announced today that Ryan Rathert has joined the firm as Chief Financial Officer effective immediately. In ...
Read More »Spring Buying Season Projected to be a “Seller’s Market”
First-time homebuyers and downsizing buyers are competing for the same properties amid a severe housing shortage, as bidding war competition heats up.
Read More »New Home Purchases Decrease in February
According to the Mortgage Bankers Association's Builder Application Survey (BAS), data for February 2022 shows mortgage applications for new home purchases decreased by 1%, but on a year-over-year basis applications are ...
Read More »Homeowners Opting Not to Sell, Limiting Housing Supply
First American Financial Corporation released its First American’s Potential Home Sales Model for the month of February 2022. The Potential Home Sales Model measures what the healthy market ...
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