According to a new report from Auction.com, experts predict a possible 24% increase in foreclosure auction volume in 2023, after demand for distressed properties shifted lower over the last three quarters of 2022.
Read More »Mortgage Rates Key to Increasing Affordability
“Housing affordability is the result of the tug-of-war between purchasing power, which is the product of household income and mortgage rates, and nominal house price growth,” said First American Economist Ksenia Potapov.
Read More »Millennials Make Up the Largest Share of Homebuyers Nationwide
According to a new report from LendingTree, millennials surpass older and wealthier generations when it comes to homeownership, having dominated the housing market for the past decade.
Read More »Number of $1M+ Homes to Continue to Rise
The share of homes valued over $1 million has more than doubled since 2015. Click through to find out where they’re located—and who is buying them.
Read More »Mortgage Delinquencies Tick Up in Q4 of 2022
According to a new report from the Mortgage Bankers Association, the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of nearly 4%.
Read More »Single-Family Housing Completions Up 12% YoY
“Single-family completions have outpaced housing starts since July 2022, and that will likely put some downward pressure on the numbers of single-family homes under construction in the months ahead,” said First American Deputy Chief Economist Odeta Kushi.
Read More »How Opportunity Zone Markets Are Weathering Home Value Trends
“Home values inside Opportunity Zones are falling,” said Rob Barber, CEO for ATTOM. “But, on balance, they aren’t dropping any faster than in more well-off neighborhoods around the country. By a couple of metrics, they are even doing a little better.”
Read More »Investor Home-Purchasing Slows in Q4
The share of homes investors are purchasing is slowing, with some cities seeing activity decrease by more than 60%.
Read More »Nearly 80% of Aspiring Homeowners Have Halted Their Home Searches
Flyhome survey respondents were asked to identify the reasons for pulling back from the market, including home prices, housing inventory, inflation and recession concerns, interest rates were chosen by 86% of respondents as the number one reason for halting their home search.
Read More »What Percentage of Homes Do Black Americans Own?
A new commentary and research piece by Jacob Channel, LendingTree’s Senior Economist, hits on the topic of racial inequities in homeownership—particularly the share of homes owned by Black identifying Americans compared to the share of Black people living in the same area.
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