A new study from Veros has found that markets in the Western U.S., once popular destinations, are displaying signs of weakness, with regions in the Midwest and Eastern part of the nation emerging as targets for buyers seeking affordability and economic stability.
Read More »All-Cash Home Purchases Account for Bigger Slice of Housing Market
According to a new report from Redfin, some 33.4% of U.S. home purchases in April were made in cash, marking the highest share of all-cash home sales since 2014.
Read More »Study: Despite Pandemic Remodeling Boom, Aging Homes Need Additional Investments
A Harvard University study reveals the nation’s homes are older today than at any time ever recorded, and remain in dire need of critical maintenance.
Read More »More Buyers Reducing Payments by Purchasing Mortgage Points
As interest rates remain high, a new study from Zillow has found that 15% more borrowers purchased mortgage points in 2022 than 2021, and continue to do so as interest rates hover around 6%.
Read More »Bidding Wars Heating Up for Starter Homes
Entry-level home shoppers are most likely to face bidding wars this spring, as prices rose by 8% annually for the least expensive one-third of houses, while more expensive homes lost value for the first time in more than a decade.
Read More »After Five-Week-Slide, Mortgage Rates Reverse Course
Freddie Mac reports the 30-year fixed-rate mortgage took a turn upward this week, rising 12-basis points week-over-week as investors responded to more healthy economic indicators and an uptick in bond yields.
Read More »Rising Rents Outpacing Housing Choice Voucher Availability
With more than 19 million voucher-eligible households in 2021 but fewer than two million vouchers available across the country's metro areas, Zillow notes that the program needs to be improved and better funded to help more of those in need.
Read More »Rents Post First Annual Decline in Three Years
A new analysis of rent data from Redfin has found that the median asking rent fell 0.4% in March to the lowest level in 13 months, marking the first annual decline since the coronavirus was declared a pandemic.
Read More »The Mortgage Industry’s Future Is Being Written Today
Jane Mason of Clarifire explains how the industry is on the verge of a seismic shift in digital innovation that promises something for everybody—lenders, servicers, data providers, component services, and consumers alike.
Read More »HUD Issues $3.4 Million in Additional American Rescue Plan Support
“Negative impacts from the COVID-19 pandemic continue to be experienced by many communities. HUD’s Fair Housing Initiatives Program partners are uniquely positioned to address the housing discrimination concerns of vulnerable populations,” said Demetria L. McCain, HUD’s Principal Deputy Assistant Secretary for Fair Housing and Equal Opportunity.
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