According to a new report from LendingTree, millennials surpass older and wealthier generations when it comes to homeownership, having dominated the housing market for the past decade.
Read More »Mortgage Delinquencies Tick Up in Q4 of 2022
According to a new report from the Mortgage Bankers Association, the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of nearly 4%.
Read More »Single-Family Housing Completions Up 12% YoY
“Single-family completions have outpaced housing starts since July 2022, and that will likely put some downward pressure on the numbers of single-family homes under construction in the months ahead,” said First American Deputy Chief Economist Odeta Kushi.
Read More »How Opportunity Zone Markets Are Weathering Home Value Trends
“Home values inside Opportunity Zones are falling,” said Rob Barber, CEO for ATTOM. “But, on balance, they aren’t dropping any faster than in more well-off neighborhoods around the country. By a couple of metrics, they are even doing a little better.”
Read More »Nearly 80% of Aspiring Homeowners Have Halted Their Home Searches
Flyhome survey respondents were asked to identify the reasons for pulling back from the market, including home prices, housing inventory, inflation and recession concerns, interest rates were chosen by 86% of respondents as the number one reason for halting their home search.
Read More »Singles Living Alone Face Estimated $7,000 ‘Singles Tax’
Living alone may cost some renters more money in the end, as a new report from Zillow revealed cohabitating renters in the U.S. save an estimated $14,000 a year by living together.
Read More »Fannie Mae Study Finds Consumers Remain Worried About Housing Costs
A new study from Fannie Mae revealed a growing share of mortgage borrowers report being stressed in their ability to make debt payments as well as an inability to save money, as many consumers nationwide remain financially burdened.
Read More »Rent Growth Slows to 2% in January
As rent growth experienced the smallest increase since May 2021 and the lowest level in nearly a year, a new report from Redfin revealed January marked the eighth straight month in which annual rent growth slowed.
Read More »Mortgage Credit Availability on the Decline
“Similar to December 2022, the availability of credit has been driven lower by declining originations and shrinking industry capacity as lenders have streamlined their operations to cope with lower volumes,” said Joel Kan, MBA’s VP and Deputy Chief Economist.
Read More »Millennials Dominating the Housing Market
According to a new study from LendingTree, millennials make up the largest share of homebuyers in the U.S., surpassing older and wealthier generations.
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