The portion of equity-rich mortgaged homes has decreased, but the overwhelming majority still have massive amounts of equity built up.
Read More »Federal Reserve Holds Rates Steady Moving Into the New Year
The Federal Reserve’s Federal Open Market Committee again chose that no action is better than changing rates as the economy begins to stabilize.
Read More »HUD to Disburse $3.1B in Assistance Funds for Unhoused Peoples
The $3 billion in grants, awarded nationally, will fund over 7,000 projects. It represents the largest amount of annual federal funding provided through HUD’s Continuum of Care program in history.
Read More »Home-Selling Profits Drop for First Time in a Decade
The typical seller is still making a strong profit when selling their home, but that number has dropped for the first time since 2011.
Read More »Real Estate Investor Activity Down in Q4
Investor market shares fell relative to the previous year from February to August 2023, but increased year-over-year by the end of Q3. However, how do these numbers fit into the big picture?
Read More »Pending Sales Push Past 8% in December
On a regional basis compared to one year ago, pending home sales decreased in the Northeast but improved in the Midwest, South, and West.
Read More »Rent Prices Decline for Eighth Consecutive Month
Great news for renters: rent prices are trending downwards to an average of $1,900 for a typical two-bedroom apartment.
Read More »CFPB Further Cracks Down on ‘Junk Fees’
After proposing a new rule last week to close a junk fee loophole, the Consumer Financial Protection Bureau has proposed a new rule to stop junk fees at the time of payment.
Read More »Snapshot: Mortgage Delinquencies Rise, Foreclosures Fall
Delinquencies were up moderately across the board, as inflows and rolls to later stages of delinquency rose, while cures from both early- and late-stage delinquency improved.
Read More »Home Price-to-Income Ratios Continue to Rise
In 2022, the median sale price for a single-family home in the US was 5.6 times higher than the median household income—higher than at any point on record, dating back to the early 1970s.
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