Black Knight Inc., has released the latest iteration of it Mortgage Monitor Report which looks at how rising interest rates affect the dynamics of the refinance lending market. According to Black Knight Data & Analytics President Ben Graboske, historic refinance activity during the pandemic resulted ...
Read More »Webinar Recap: ‘Turn Distress Into Success in 2022’
A recent webinar covered the future of the real estate market and what REO agents can do stand out among a field of asset managers.
Read More »37M Do Not Qualify for a Credit Score
According to a report, roughly one in three consumers in disadvantaged areas do not qualify for a traditional credit score. Click through to see what factors are in play.
Read More »Inventory Finds New Low in November
If you thought the housing supply hit rock bottom in February, you thought wrong. According to a new report from Redfin, the number of homes available for sale fell by another 38,000 units finding a new low by the end of November suggesting more hardships for burnt-out ...
Read More »Loan Limits Increased to Keep Up with Appreciation
Due to the drastic increase in real estate prices over the last year, the Federal Housing Administration (FHA) has announced new loan limits for 2022 for its Single Family Title II forward and Home Equity Conversion Mortgage insurance programs. The agency is statutorily mandated by the ...
Read More »House-Buying Power Exceeds Median Home Prices in Most Markets
First American Financial Corporation has released its latest iteration of their Real House Price Index (RHPI) for September which measures the price changes of single-family properties across national, state, and metropolitan areas, which are adjusted based on income, interest rates, and home-buying power. The ultimate goal of this is to provide ...
Read More »Natural Disasters are Pushing Up Insurance Rates
Natural disasters occurred in every state over the course of 2020 in the tunes of thousands of these events sprinkled across the states. While one would expect California or Florida to lead in the amount of natural disasters that occur every year, though in reality the states with the highest ...
Read More »Is Selling Your Home for Bitcoin a Wise Move?
The housing market’s unfettered rise over the last year has been nothing but historic as homeowners have now realized over $2.9 trillion in equity gains—but this rise has been overshadowed by an asset that has only existed since 2009: Bitcoin. Bitcoin, a universal ...
Read More »Analyzing FEMA’s Flood Insurance Revisions
Bad news for homeowners with a flood insurance policy—for the majority of homeowners in flood zones, rates are more than likely going to go up when the policy renewal time comes around. Starting October 1, 2021, the Federal Emergency Management Agency (FEMA) switched to a new risk rating system colloquially known ...
Read More »Bidding Wars Trend Down, But Remain High
While bidding wars reached a pandemic peak in April, 60.3% of all offers written by Redfin in October experienced a bidding war, down from the 60.4% in September. While the decrease in bidding wars is meager, Redfin expected this trend to continue from September due ...
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