Daily Dose

According to Redfin, luxury-home purchases and investment properties plummeted 45% as the supply of luxury homes also nears historic lows.

According to a new report from CoreLogic, homebuyers continued to seek affordable metros, as remote work drove more people to affordable states such as Florida, Texas, and South Carolina in 2022.

According to a new report from Redfin, as homebuyers' monthly mortgage payments hit a record high, dampening demand is preventing many would-be sellers from listing their homes.

Coastal areas and large cities are the most likely candidates to see home price declines in the future.

Representatives of Flagstar, Selene Finance, and OrangeGrid discuss the keys to getting mortgage servicing technology projects approved and executed within a 90-day timeframe.

The firm’s former Deputy General Counsel is promoted to new role, bringing more than 20 years of experience in residential real estate law and mortgage banking to the position.

DeHart will oversee all escrow functions, including tax, insurance, flood insurance, and escrow analysis.

"The slight uptick in economic risk from 2022 Q3 to Q4 was offset by a decrease in borrower and underwriting risk, leading to the overall default risk remaining flat," said Jonathan Glowacki, a principal at Milliman.

President Biden’s proposed fiscal year 2024 budget would significantly invest in building affordable housing, expand access to homeownership, combat housing discrimination, and enhance household mobility.

U.S. homeowners with a mortgage gained an average of $14,300 between Q4 2021 and Q4 2022, a significant decline from the $63,100 gain seen the first quarter of 2022, according to a new CoreLogic report.