REO

Record-high mortgage payments continue to motivate sellers to lower asking prices to attract more buyers, as a new Redfin report revealed the average homebuyer’s monthly housing payment is up nearly 9% year-over-year, reaching a new all-time high.

A new survey from LendingTree revealed that in addition to rising mortgage rates and housing costs, approximately 39.79% of respondents cited rent increases as the primary reason why they felt pressured to move, followed by landlords not making repairs and living in unsafe neighborhoods.

"The dynamics influencing the U.S. housing market appear to continuously work against everyday Americans, potentially to the point where they could start to have a significant impact on home prices," said Rob Barber, CEO for ATTOM.

According to a new Redfin survey, discrimination drove roughly 1 in 10 Black, Hispanic, and LGBTQ+ respondents away from their previous residences. In addition, some 32% of Black and Hispanic respondents reported facing discrimination during their recent home search, while 22% of LGBTQ+ respondents reported feeling the same.

Fannie Mae announced the unveiling of HomeView en Español, a new resource available to help Latino communities and further address the homeownership gap in America.

According to a new LendingTree study, the nation’s most expensive towns are often found in popular vacation spots; however, such homebuyers may further deplete the already limited housing supply, driving up home prices and making housing difficult to afford for locals.

A new BofA study revealed that American employees continue to feel stressed about their finances and remain concerned about the increasing cost of living, with an estimated 67% of American employees reporting that the cost of living is outpacing growth in their salary or wages.

A new Zillow study revealed that total U.S. housing value has surged more than $2.6 trillion over the past year, an estimated 49% higher than before the pandemic, with new home construction continuing as the primary driver of housing market growth.

A new All Star Home study revealed that 1 in 5 homeowners regret relocating, citing unexpected home costs as their top reason, while more than 20% of Americans said they regret how much they paid for their home.

Kim Yowell of Fairway Independent Mortgage was honored at the Keys for Life Gala in Dallas during the Five Star Conference for her contributions to the mortgage marketplace.