"As expected, the annual rate of increase in home prices has slowed dramatically in response to the rapid and significant increase in interest rates," said Doug Duncan, SVP and Chief Economist at Fannie Mae.
Read More »Middle-Income Homeowners Gain Wealth From Home Appreciation
According to a new report from the National Association of Realtors, middle-income homeowners gained more than $120,000 in wealth over the past decade, as homeowners who benefited from home price appreciation were able to drop their debt by 21%.
Read More »TransUnion Brings Together Senior Leaders in Financial, Insurance Industries
At its inaugural Financial Inclusion Forum, TransUnion had a group of executives discuss ways to meet and engage consumers where they are on their financial journey, and to help create and deliver equitable products and services for them.
Read More »NAR Tech Survey: Fintech Apps Remain Effective Tools for Realtors
The latest NAR Report revealed eSignature, Lockbox, and MLS apps/technology as the three most impactful technology tools on Realtors’ businesses, with cybersecurity, 5G, and drones expected to have the biggest impact on real estate in the next two years.
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 »Flooding Costs Taking Increased Toll on Housing
The research team concluded that changes in precipitation accounted for 36% of the actual flooding costs that occurred during the three-decade period measured in their study
Read More »