First American Financial Corporation released its First American’s Potential Home Sales Model for the month of February 2022. The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing ...
Read More »Lenders Ease First-Time Buyer Jitters
According to a new survey from TD Bank, America's Most Convenient Bank, first-time homebuyers are feeling anxious and unprepared in this highly competitive housing market. TD's First-Time Homebuyer Pulse found that despite a desire to purchase, nearly 29% of consumers ...
Read More »Navigating the Housing Market Frenzy
According to a new report from Redfin, some 60% of homes that went under contract during the four-week period ending March 6 found a buyer within two weeks—an all-time high—which appeared around the same time as supply declined to a ...
Read More »Inventory Down, Prices Up in Vacation Hotspots
According to a new report from Redfin, demand for vacation homes fell drastically in February, with mortgage-rate locks for second homes reaching their lowest level since May 2020. Demand was still up 35% from pre-pandemic levels, but significantly lower than ...
Read More »Bidding War Competition Heightens
Experts say bidding wars are likely to remain commonplace, as cash offers are becoming an effective strategy to buy a home with multiple offers.
Read More »Share of Homes Selling Above List Price Doubles
This month marks the two-year anniversary of the coronavirus pandemic, which the World Health Organization officially declared on March 11, 2020. According to a new report from Redfin, the housing market has changed drastically as there are now half as ...
Read More »Wolters Kluwer, Reynolds and Reynolds Partner to Acquire IDS
Wolters Kluwer Governance, Risk & Compliance (GRC), has signed an agreement with the Reynolds and Reynolds Company to acquire International Document Services, Inc. (IDS), for an estimated $70 million in cash—where IDS will become an essential component of GRC’s Compliance Solutions ...
Read More »Borrowers Gain Over $3.2 Trillion in Equity Throughout 2021
CoreLogic released the Homeowner Equity Report for Q4 of 2021, showing U.S. homeowners with mortgages experienced an increase in equity by 29.3% year-over-year. This number represents an overall equity gain of more than $3.2 trillion, and an average gain of ...
Read More »The Racial Lending Gap Examined
The Community Reinvestment Act (CRA) was passed in 1977 to fight explicitly racist redlining policies, and requires federal bank regulators—the Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation—to evaluate the performance of ...
Read More »D.C. Experiences Largest Population Decline in U.S.
According to National Van Line's Domestic Migration Report released Feb. 15, the Northeast showed the slowest population growth between 2010 and 2021—up only 1.8 million from 2010. The report also shows that two of the three biggest declines in population ...
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