According to the Realtor.com Monthly Renter Report for December 2022, on average, a typical renter from the top 50 metros analyzed faced 41.4% lower monthly payments than a first-time homeowner.
Read More »U.S. Mortgage Performance Remained Strong in Late 2022
According to a new CoreLogic report, mortgage delinquency and foreclosure rates remained near record lows in November, although 18 metro areas experienced annual increases in delinquency rate.
Read More »HUD Houses More Than 100,000 Families Through ‘House America’ Initiative
HUD Secretary Marcia L. Fudge has surpassed her original goal of housing homeless individuals and was achieved by organizing leaders from 105 communities across 31 states and territories and the District of Columbia.
Read More »Moderating Housing Market Fuels Slowdown in Pending Sales
As mortgage rates continue to fall, a new report from Redfin revealed mortgage applications are up 25%, and the slowdown in pending sales is beginning to moderate.
Read More »Sun Belt Cities Ranked Most Popular Relocation Destinations
A new Redfin report revealed that after Sacramento and Las Vegas, Miami was the most popular migration destination in Q4, followed by Tampa and Phoenix.
Read More »Debt, Inflation Keeping Millennials Out of Purchase Market
With 80% of millennial homebuyers in debt, a new study from Real Estate Witch revealed more than 90% cited inflation as impacting their homebuying plans, as many remain unable to afford downpayments and mortgage payments.
Read More »Existing-Home Sales Experience Slight Dip in December
A new report from the National Association of Realtors revealed home sales waned nearly 2% from November and 34% from one year ago, while the median existing-home sales price climbed 2.3% from the previous year.
Read More »Serious Delinquency Rates for FHA/VA Loans Remain Above Pre-Pandemic Levels
According to a new CoreLogic report, new data shows conventional serious delinquency rates remain lower than pre-pandemic levels, even as rates for FHA and VA loans continue to inch upward.
Read More »December Declines Accentuate Year of Transition Toward a Balanced Market
Sales in every month of 2022 fell short of the previous year, according to a new RE/MAX report, which shows home sales were down an overall 38% from 2021, while the number of homes for sale was up nearly 70%.
Read More »Fannie Mae Challenge Promotes Racial Equity in Housing
Fannie Mae's Innovation Challenge 2022 will help the company seek innovative, scalable proposals to remove barriers that currently prevent many households, including Black households, from purchasing or renting a home.
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