MortgagePoint invites you to get to know this year’s Five Star Lifetime Achievement Award recipient: Kim Yowell, EVP of Servicing for Fairway Independent Mortgage Corporation.
Read More »HUD Awarded Over $75M in Loan Guarantees for Economic Development
The U.S. Department of Housing and Urban Development announced for commitments to public safety, facility improvements, economic development, and housing projects to further develop and preserve more housing nationwide.
Read More »Share of Hispanic Households Projected to Surge by 2040
Despite elevated interest rates and rising home prices that have intensified affordability issues for Hispanic homebuyers, by 2040, an estimated 70% of new homeowners will be Hispanic. Learn what else this new study from the Urban Institute reveals.
Read More »Potential Homebuyers Enlist Family to Help Curb Housing Affordability Costs
A new survey from Realtor.com revealed that an estimated one-third of prospective homebuyers have moved in with parents or other family members, in hopes of saving money to purchase a home this year.
Read More »Consumer Housing Sentiment Further Dampened by Elevated Mortgage Rates
Consumers nationwide are citing elevated mortgage rates rather than home prices as their primary challenge in reaching affordability, as rates above 7% continue to dampen the overall housing market sentiment, according to Fannie Mae's latest Home Purchase Sentiment Index.
Read More »How COVID-19 Reshaped the U.S. Housing Market
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.
Read More »Millions of Homes Sit Vacant Across the Largest U.S. Metros
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.
Read More »SFR Growth Experiences 15th Consecutive Month of Deceleration
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.
Read More »Median Monthly Mortgage Payments Reach New All-Time High
As mortgage rates remain elevated, a new market report from Redfin revealed the typical homebuyer’s monthly payment is now at a record high of $2,666, representing a near 9% year-over-year change as housing costs continue to rise nationwide.
Read More »Rising Home Prices, Mortgage Rates Fuel Decline in Housing Affordability
Homeownership is becoming more and more difficult, according to ATTOM's 2023 U.S. Home Affordability Report, which revealed that in Q3, housing affordability worsened across the nation amid continuing increases in home prices and mortgage rates.
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