With both home prices and interest rates remaining relatively high, consumer sentiment is being suppressed by these purchase conditions.
Read More »Bankruptcies Up Nearly 20% YoY
“While still below pre-pandemic totals, bankruptcy filings continue to increase amid growing debt loads due to inflationary pressures and reduced availability of low-cost financing,” said ABI Executive Director Amy Quackenboss.
Read More »Rising Home Prices Flatline
“As we predicted in December, the beginning of 2023 is proving to show slow market activity, as both net new listings and contract volumes are sitting at multi-year lows,” said Jermey Sicklick, Co-Founder and CEO of HouseCanary.
Read More »Abuse Victims to get Additional Resources from HUD
A new website and enforcement guidance are just a few things that survivors can use while applying for and living in Housing and Urban Development-assisted properties.
Read More »Which Home Renovations Pay off the Most?
More and more Americans are choosing to renovate their homes in light of today’s mortgage rates, but what are the smartest projects to maximize ROI?
Read More »Seriously Underwater Mortgages Below 3%
According to new ATTOM data, 16 times as many mortgages are equity rich versus seriously underwater.
Read More »Fed Hikes Interest Rates by 25pts
This is now the eighth consecutive rate hike, an increase of 4.5% since the hikes began.
Read More »New-to-Credit Consumers May Be Better Risk Than Previously Thought
Those with new credit files used to be considered higher risk than those with an established credit history, but new data from TransUnion finds that is not necessarily true.
Read More »FHA to Expand and Extend COVID-19 Mitigation Programs
Mortgage servicers can begin offering post-pandemic loss mitigation immediately, regardless of the cause of a borrower's delinquency.
Read More »Report: YoY Pending Sales Down 30% Nationally
A new report from the National Association of Realtors shows pending home sales numbers improving on a monthly basis for the first time in six months. Click through to read Chief Economist Lawrence Yun’s thoughts on the matter.
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