Debt is something we all have to come to terms with, whether it’s the $20 you owe to a friend or a mortgage, it all adds up and can be a drain on not just your finances, but the whole economy. In ...
Read More »Should Conforming Loan Limits be Capped?
In November, the Federal Housing Finance Agency announced its annual change to the conforming loan limit for loans purchased by Fannie Mae and Freddie Mac (GSEs). For 2022, it was announced that the limit increased by 18% to $647,200, reflecting the average increase of home prices over the last year. But ...
Read More »Family Was the Chief Reason People Moved States in 2021
Migration is essential to the American way of life—people move seeking different climates, better job opportunities, cost of living, or to be closer to family. Long gone are the days of having to pack a covered wagon to venture across the country; commercial shippers are now the ...
Read More »January Active Forbearance Numbers Fall Yet Again
Mortgages that are in active forbearance plans continue to fall in January, led by FHA/VA plans. According to Black Knight’s McDash Flash daily mortgage performance dataset, which covers more than 197 million home loans and home equity data on more than 27 ...
Read More »Gen Z Less Optimistic About Home Ownership
Re-issuing a survey first completed three years ago, PropertyShark, a property research firm for commercial and residential tracts, found that Millennials have become more pessimistic about their housing options than they were three years ago while Generation Z’s feelings have also dampened. According to the ...
Read More »Consumers Indicate Now Is The Time To Sell
Fannie Mae’s latest iteration of the monthly Home Purchase Sentiment Index (HPSI) fell by a slight 0.5 points to 74.2 in December as consumers wildly differed on whether it is a good time to buy or sell a home and their outlook on the economy. When combined, these metrics ...
Read More »December Saw Net Housing Inventory Levels Drop Again
It seems that the new year will not bring any relief to weary homebuyers who have been fighting repeated months of low inventory, high prices, and inflation. According to the latest iteration of the Market Pulse Report from HouseCanary, a real estate valuation brokerage whose ...
Read More »Bankruptcies Continue Downward Trend
While bankruptcies, in general, dipped in December, Chapter 11 filings sharply increased. Here's the latest data.
Read More »Millennials More Likely to Stormproof Their Home
Millennials outspent their parents and grandparents on home renovations last year by a huge margin, with most citing the possibility of extreme weather events as the reason for the projects they take up.
Read More »Q4 Analysis Shows Homes Continue to Become Less Affordable
The year is up and as the first bits of data for the fourth quarter of 2021 begin to come in, new data shows that home affordability hit a new low last year in a majority of counties across the country due to surging real estate prices and ...
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