According to a new Creditnews report, the number of American households considered "house poor" varies by state, with 17 exceeding the national average, as housing affordability continues to put financial pressure on prospective homebuyers and homeowners alike.
Read More »Pending Home Sales Soar to Highest Levels in a Year
According to a new market report from Redfin, in November, pending sales climbed to their highest level since 2022, while new listings rose, representing the first sign of growth in a year and a half.
Read More »Asking Rents Declined in November as Market Continues to Moderate
Asking rents have declined year-over-year in three of the last four months, according to a new Rent.com report, dropping a total of four times in 2023. As prices continue to climb in the Midwest, other regions saw annual declines in November, as the market continues its seasonal slowdown.
Read More »Consumers Express Increasing Housing Market Frustrations
New findings from Fannie Mae’s HSPI revealed consumers are increasingly expressing “pessimism toward the larger economy this month, in addition to their ongoing frustration with the housing market,” said Doug Duncan, Fannie Mae Senior VP and Chief Economist.
Read More »CoreLogic Reveals Key MLS Items to Consider for Information Security
Following a growing trend of cyberattacks in 2022, MLS services remain vulnerable, according to CoreLogic experts, who suggest the urgent need for comprehensive security measures in the real estate and mortgage industries to help prepare for and prevent security breaches.
Read More »Dan Kellet Tapped as New FirstClose CTO
The mortgage fintech provider has added a 10-year tech vet tasked with overseeing the company's IT and strategy spanning applications, data, cybersecurity, and infrastructure.
Read More »Metro Areas Where Homebuying Is Cheaper Than Renting Dwindling Nationwide
According to a new report from Redfin, while the typical U.S. home costs an estimated 25% more per month to own than rent, homebuying is only more affordable than renting in Detroit, Philadelphia, Cleveland, and Houston.
Read More »Fewer Homes Are Selling Than Usual This Spring
While spring is typically a hot homebuying season, new listings of homes for sale dropped 19% year-over-year in May, according to a new report from Redfin, leaving homebuyers circling an even smaller pool of listings.
Read More »HUD Awards More Than $22M to Expand Access to Affordable Housing
The U.S. Department of Housing and Urban Development has announced it has awarded $10 million in Rural Capacity Building grants, along with $12.5 million in grants through the Self-Help Homeownership Opportunity Program, to help expand affordable housing and homeownership nationwide.
Read More »How Digitalization Changes How People Search for, Finance Housing
According to a new analysis from Harvard's Joint Center for Housing Studies, data revealed just how significant of an impact digitalization has on how Americans search for and finance homes. Click here to read more.
Read More »