According to a new report from First American, the Potential Home Sales Model for March revealed it is unlikely that the recent banking crisis will materially impact residential mortgage availability.
Read More »Fannie Mae: ‘Lock-in Effect’ Amplifying Housing Shortages
While mortgage rates and supply constraints persist, the significant lack of housing supply remains supportive of home prices, as prices inched up 1% in Q1 2023.
Read More »Black Homeowners Experience the Smallest Wealth Gains Nationwide
Although Black homeowners experienced the smallest wealth gains among any other racial or ethnic group, homeowners were able to accumulate over $115,000 in wealth in the last decade, according to a new report from the National Association of Realtors.
Read More »Builders Remain Optimistic as Lack of Resale Inventory Fuels Demand
"Currently, one-third of housing inventory is new construction, compared to historical norms of a little more than 10%,” said NAHB Chief Economist Robert Dietz. “More buyers looking at new homes, along with the use of sales incentives, have supported new home sales since the start of 2023."
Read More »Home Sellers Hesitant to Take on New Mortgages
A new survey from Realtor.com revealed an estimated 82% of home sellers feel 'locked in’ to their current home, as buying a new home could potentially mean buying into a higher mortgage rate.
Read More »HUD Injects $30B to Help Provide Affordable Housing
The U.S. Department of Housing and Urban Development announced an available $30.3 billion for the Housing Choice Voucher Program that will help Public Housing Authorities address recent rent inflation and enable more low-income families to utilize housing vouchers.
Read More »Female-Headed Households Still Struggle to Achieve Homeownership
According to a new study from Urban Institute, research revealed that among never-married households, there was a steady six-percentage-point female-male homeownership gap between 1990 and 2021.
Read More »FHFA Announces Final Rule to Serve Underserved Markets Regulation
“The implementation of this rule strengthens our commitment to promoting affordable, equitable, and sustainable housing in underserved and rural communities,” said FHFA Director Sandra L. Thompson.
Read More »Low-Income Homebuyers May Be Unaware of Affordable Home Lending Offerings
A new KeyBank poll found that nearly 31% of respondents did not seek out any information or resources on homebuyer assistance programs and could be unaware of the existence of these offerings and the important role banks can play in providing access to them.
Read More »Homebuyers Can Save Thousands Building a Home Rather Than Buying
In California, over $200,000 can be saved on average when building a house instead of buying one, while Midwest states are the most cost-effective for buying a home, according to a new report from StorageCafe.
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