According to a new Zillow report, finding and landing a rental is stressing Americans out nationwide. The typical monthly rent in the U.S. has soared to a record ...
Read More »The Black-White Affordability Gap for Renters Widened in 2020
New experimental data from the American Community Survey revealed that cost burdens rose the fastest among families headed by a Black person, as Black renter household rates increased an overall 3.5 percentage points, reaching 51% in 2020.
Read More »Lender Trend Watch: Signing Bonuses, Structure, Data, and Tools
Signing bonuses are a widespread practice within the mortgage business, and STRATMOR Group Senior Partner Jim Cameron analyzed the industry’s approach toward them by highlighting how bonuses are structured, and how new data and tools can help lenders understand more about the potential of the loan officers they're retaining.
Read More »Renting Remains Most Affordable Option in Major Metros
In 38 of the 50 largest U.S. metros, the monthly cost of renting a home is lower than buying a starter home. The median listed rent across these 50 analyzed metros was $1,876, growing by 14.1% during June 2021.
Read More »Homebuyer Demand Slips as Mortgage Rates Approach 6%
Homebuying demand pulled back further as mortgage rates reached their highest level in over 13 years, according to a new report from Redfin. “Mortgage rates near 6% have ...
Read More »Rate/Term Refinances Down 90% YoY
Black Knight Inc., has released the latest iteration of its Originations Monitor Report for May 2022 which looks at declining mortgage production and rate locks despite a plateau in interest ...
Read More »Home Value Growth Heightens in Suburbs
According to a new report from Zillow, the most popular market in early 2022 is Woodinville, Washington—with Burke, Virginia, and Highlands Ranch, Colorado, rounding out the top three.
Read More »Renters Struggling to Stay Afloat Amid Rising Costs
According to the Realtor.com Monthly Rental Report, new data indicates that rental competition remained persistent in April, as the U.S. median rental price hit a new high —$1,827— ...
Read More »Homeowner Equity Growth Lowers LTV Ratios Nationwide
Lowered LTV ratios provide a non-distressed sale option to homeowners that can no longer afford their current property, while supply remains constrained for both distressed and non-distressed properties.
Read More »Nationwide Housing Supply Prepares to Rebound?
According to the Realtor.com Monthly Housing Trends Report, new data suggests that the U.S. housing supply is preparing to rebound, as active listings posted the smallest year-over-year declines ...
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