Tag Archives: Pandemic

The nation’s housing outlook depends largely on the economy and inflation, analysts say, as the industry closes the book on 2023 and approaches the new year.

According to new data from Verisk, the cost of home repairs and remodeling in Q3 2023 jumped year-over-year, as the costs of materials used in home repairs continue to rise.

The FHA has issued its Annual Report to Congress for fiscal year 2023, highlighting the impact of insurance premium reduction, assistance for approximately two million struggling homeowners, and support of underserved borrowers and communities.

Redfin reports that the median U.S. asking rent in September was little changed from a year earlier for the sixth straight month, with a rise in the number of rentals making it harder for landlords to boost prices.

A new study reveals that homes marketed through a multiple listing service sell for approximately 18% more than the average asking price.  

An analysis of U.S. Census Bureau data has found that the average square footage of a house in America is at its lowest point since 2010. 

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.

Active housing inventory was reportedly 49.2% below typical pre-pandemic July levels, as Realtor.com reports that on a typical day in July, there were 45,000 fewer homes available to buy year-over-year.

Redfin reports that 25.5% of homebuyers in the second quarter of 2023 looked to move, with San Francisco and the Empire State topping the list as homebuyers continue to depart expensive metros in favor of areas with more affordable housing options.

A new report from the Joint Center for Housing Studies revealed Black, Hispanic, and Asian households were far more likely than white households to fall behind on housing payments during the pandemic. Black renters were most vulnerable, with one in four reporting being behind on rent in 2020.