Between 2020 and 2040, some 70% of new homeowners are projected to be Hispanic, according to a new study from the Urban Institute. It reveals the Latino homeownership rate was just over 50% in 2021, representing the highest rate for Latinos since 2009.
Read More »National Inventory Generally Stunted; Now at 1.5 Months’ Supply
"The inventory situation is unique—we are seeing it differ across the country depending on what area, but demand for housing is still strong. As rates stabilize, consumers' confidence should strengthen, helping boost market activity," says Nick Bailey, President and CEO of RE/MAX LLC.
Read More »Study Reveals Renters’ Most Desired Locations
RentCafe's August Rental Activity Report revealed Arlington, Virginia was named the most sought-after city by renters for the second consecutive month, while New York City boroughs like the Bronx and Queens trailed closely behind.
Read More »HUD Modifies Housing Voucher Program to Help Fight LA Homelessness
HUD announces changes to a rule that will expedite much-needed assistance in providing housing and supportive services to the growing homeless population in Los Angeles.
Read More »Gateway Promotes Mark Revard to Division EVP/National Production Manager
With more than 30 years of industry experience, the company’s new Division EVP/National Production Manager will be responsible for all distributive retail sales in 115 nationwide mortgage centers across 43 states.
Read More »Opportunity Zones Rebound Nationwide in Q2
A new ATTOM report revealed median home values increased from Q1 to Q2, as Opportunity Zones around the country have rebounded after a period of strong decline, showing more signs of housing market strength.
Read More »Q2 Loan Volume Up, But Losses Continue to Mount
“Volume picked up during the spring homebuying season and additional personnel were shed. However, the substantial cost savings per loan was not enough to put the average net production income in the black,” said Marina Walsh, CMB, MBA’s VP of Industry Analysis.
Read More »How Mortgage Companies Have Been Impacted by the Pandemic
Rob Nunziata of ActiveComply discusses how the mortgage industry was impacted by the pandemic, the liabilities that a work-from-home staff bring, and how home lenders and servicers are managing this risk.
Read More »Mortgage Rates Hit Highest Point Since Spring 2002
Not since spring of 2002 have fixed-rate mortgages been as high as they were reported this week, and when combined with mortgage app volume sliding for the fourth straight week, affordability headwinds continue to impact housing demand.
Read More »New Construction Keeping the Housing Market Afloat
Overall housing inventory dropped 15% year-over-year in June, remaining at an all-time low. A new market report from Redfin revealed that homebuyers are turning to new builds as many homeowners continue clinging to their low existing mortgage rates, contributing to the ongoing lack of supply.
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