REO

The long-term impact of COVID-19 and the growing trend of remote work still impact the market today. A new study from Bright MLS revealed how low mortgage rates and increased savings fueled housing demand, causing a home price surge across the U.S.

A new study from LendingTree revealed nearly 5.5 million homes remain vacant nationwide, with many being unoccupied vacation homes, while some homes are still on the market, waiting to be sold or rented.

Annual U.S. single-family rent growth dropped to a near three-year low in July, falling to 3.1%, according to CoreLogic's latest Single-Family Rent Index.

The FHFA’s latest Foreclosure Prevention and Refinance Report for the second quarter found that, to date, more than 6.8 million struggling homeowners have been assisted by Fannie Mae and Freddie Mac during conservatorship.

A new Redfin survey revealed that nearly one-third of Black and Hispanic respondents faced some sort of discrimination while house hunting, while 22% of LGBTQ+ respondents also reported being discriminated against because of their sexual orientation.

A partial shutdown of government operations would result in the closing of some federal housing, mortgage, and other programs of interest to the housing industry if Congress is unable to agree on the provisions of a Continuing Resolution to fund the federal government by September 30.

The total value of the U.S. housing market surged more than $2.6 trillion year-over-year, nearly 50% higher than pre-pandemic levels, as a new Zillow report revealed which states and metro areas boast the most valuable real estate in the nation.

Among homeowners who have relocated in the last three years, more than 20% regret moving, according to a new study from All Star Home, with unexpected housing costs cited as the top driver of buyer's remorse.

"Rents have registered steady declines for the past four months and, while they remain well above pre-pandemic levels, when you factor in the impact of record-high mortgage rates and high home prices, it's understandable that many would-be homebuyers are choosing to remain on the sidelines," said Danielle Hale, Chief Economist at Realtor.com.

Asset managers and industry stakeholders took part in a forum at the Five Star Conference & Expo in Dallas to discuss shifts in the REO marketplace, and how to overcome hurdles the industry may face in the coming months.