Home ownership is the gold standard when it comes to safe investments, and for low-income residents it can be a reliable vehicle to build generational wealth. But in terms of wealth inequality, how far does homeownership go toward closing the ...
Read More »Home Prices Outpacing Inflation
The average price per square foot of a home hit a new record in July as a new study revealed that these prices have increased 310% since 1980. According to Home Bay, a California-based real estate brokerage, the increase in the ...
Read More »Home Prices Record 125 Straight Months of Growth
The latest Home Price Index (HPI) from CoreLogic covering June 2022 set a new milestone: it has now seen a record 125 consecutive months of year-over-year increases as home prices grew by 18.3% from June 2021. According to CoreLogic, though ...
Read More »June Records Record-High Home Price Growth Drop
The latest report from Black Knight did not carry good news as the company’s latest monthly Mortgage Monitor Report covering the month of June found that annual home price growth dropped by nearly two percentage points, the greatest single-month slowdown ...
Read More »ATTOM Makes Big Move, Selling RealtyTrac & HomeFacts
ATTOM Data, a curator of nationwide real estate data for land and property, has announced that it has sold two of its subsidiaries to Nations Info in addition to signing a multi-year agreement to become an ATTOM data licensing customer. ...
Read More »Lenders Prioritizing Cost-Cutting Measures
As inflation rises, more families and businesses are tightening their budgets and taking cost-cutting measures to create a little more breathing room—and according to the latest survey, this includes mortgage lenders. Continuing a quarterly survey of mortgage executives that initially ...
Read More »HUD Makes New Effort Pushing Energy-Savings Upgrades
As energy prices climb, much like everything else recently, the Biden Administration announced through the Department of Housing and Urban Development (HUD) that new measures are being put in place to help families served by HUD go green and install solar ...
Read More »Fed Increases Interest Rate by 75 Basis Points
On March 14-15, 2020, the Federal Reserve’s Federal Open Market Committee (FOMC) held an emergency meeting in light of the then-blossoming pandemic to cut rates by a 100 basis points to a rate of 0-0.25%. But now, in light of ...
Read More »Growing Cities May Be First to Feel Recession
It’s no secret that the pandemic threw a wrench in the housing market upending traditional moving and migration patterns as those with the means fled crowded urban areas for the suburbs and beyond seeking less crowded and infected place with ...
Read More »U.S. Foreclosure Starts Up More Than 440% Year-Over-Year
That’s according to Black Knight data, which also reported a national delinquency rate of 2.84% in June, with foreclosure starts increasing nearly 30% during the month.
Read More »