While the most vulnerable, at-risk counties are currently bunched in Chicago and New York City metros and parts of California, a new ATTOM report revealed which markets are facing the greatest risk of market downturns in the coming year.
Read More »2023 Was the Least Affordable Year on Record. Will 2024 Follow Suit?
The least affordable markets included Anaheim and San Francisco, where homebuyers with the typical local income would’ve needed to spend over 80% of their pay on monthly housing costs.
Read More »Florida Court Questions the Reformation of Deed and Mortgage
Attorney Ian Dolan examines a recent Florida case where the court affirmed the entry of a judgment of foreclosure despite the mortgagor’s claim that a reformation was barred by the statute of limitations. Full details on the case after the link.
Read More »Fed Attempts to Moderate Housing Frenzy
“The Fed’s aggressive rate-hike campaign has worsened the generational homeownership divide,” said Sam Bourgi, Senior Analyst at CreditNews. “While more than 40% of all U.S. mortgages were obtained in 2020 or 2021, that’s been harder to get with mortgage rates at 22-year highs."
Read More »Dollar by Dollar, Home Equity Builds into Something Great
According to First American Economist Ksenia Potapov, homeownership—and the equity that comes with it—is one of the most effective ways to build wealth.
Read More »Advancing Servicer Automation Into 2024
Dan Sogorka of Sagent discusses the latest trends in the fintech space for mortgage servicers and the factors that will sway the housing market over the next 12 months.
Read More »Ranking the Nation’s Top Targets for Second Homes
A new report reveals that this New England area has become a targeted destination for investors and those seeking second homes. Read on to find out these growing markets, and what destinations to look out for in 2024.
Read More »Snapshot: Commercial Bankruptcies Surge YoY
While commercial bankruptcies were up over 140% year-over-year, individual bankruptcy filings also increased year-over-year, putting additional stress on the economy.
Read More »What’s In Store for the 2024 Housing Market?
Redfin has made new predictions for the 2024 housing market, leading with the notion that next year may finally turn in favor of buyers as home prices fall and listings rise. Here’s what else they are forecasting.
Read More »Gen Zers Outpace Millennials, Now Leading U.S. Rental Demand
Millennials outweigh Gen Zers in terms of population, but not when it comes to renter households, according to a new report from the Joint Center for Housing Studies. Daniel McCue, Senior Research Associate, reveals the future of rental housing demand and projects the number of renter households both generations will add over the next decade.
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