The U.S. Census Bureau and the U.S. Department of Housing and Urban Development have released their new residential construction statistics for February 2022, which found that privately‐owned housing starts in February hit 1,769,000, 6.8% above the revised January estimate of 1,657,000. ...
Read More »Borrowers Want to Reach Servicers Digitally When Help Is Necessary
At the beginning of 2020, the markets were trucking along just fine until we learned of a new novel virus that would go on to change nearly every facet of our lives. For many, the allure of small-town life became ...
Read More »Federal Reserve Increases Interest Rates
The Federal Reserve raised the nominal interest rate on Wednesday, for the first time since 2018, citing factors such as surging inflation and the growing military conflict in Ukraine.
Read More »Single-Family Rent Prices Hit Historic Highs
CoreLogic released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. Single-family rent prices experienced extensive growth during 2021, increasing an average of 7.8% compared to 2.6% in 2020. But the ...
Read More »Breaking Down Mortgage Costs
As anyone who has bought a home knows, a mortgage payment has many different components that pay many different things—and these costs can be easily ignored, looked over, or just flat-out misunderstood by even the savviest buyers. Fannie Mae has ...
Read More »Bankruptcies Tick Up for Second Month
Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its February 2022 bankruptcy filing statistics from its new Bankruptcy Analytics platform which found that filings increased by 3.2% last month representing 26,985 filings of all types, up from ...
Read More »Under Threat: The Environment and America’s Rental Market
Owning a home is the gold-standard of housing security. But for those who cannot afford to buy, they rent—and as of late, the market share of renters has steadily risen in light of new housing trends that started two years ...
Read More »Foreclosure Rates Continue Upward Climb
ATTOM, along with its subsidiary RealtyTrac, has released its latest Foreclosure Market Report for February which has found that there was a total of 25,833 properties with foreclosure filings against them, up 11% from January (which saw 23,204 filings) and up 129% ...
Read More »Fannie Mae Survey Finds More Bearish Mortgage Market
Continuing a quarterly survey of mortgage executives that initially started in 2014, Fannie Mae has published its latest Mortgage Lender Sentiment Survey for the first quarter of 2022 finding that lenders are becoming increasingly bearish due to current market conditions. ...
Read More »HUD Awards Additional COVID-19 Funds to Fight Housing Discrimination
Eleven separate HUD-recognized community programs received $2.47 million in American Rescue Plan funds to combat housing discrimination related to the pandemic.
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