Homebuilder confidence declined for the fifth consecutive month, as the cost of building materials were up by more than 19% year-over-year.
Read More »Apartment Space Per Renter Shrinking Nationwide
According to a new report from RentCafe, the average apartment space per person is now about 540 square feet, based on the ratio of the average apartment size to the average number of renters living in a household across the ...
Read More »Homeowners Continue to Face Challenges After the Pandemic
“While many mortgage servicers are successfully assisting borrowers to avoid foreclosure, today's report highlights that some servicers are lagging their peers and are less well-equipped to assist borrowers who have exited pandemic housing protections,” said Rohit Chopra, CFPB Director.
Read More »President Biden Announces Housing Supply Action Plan
Record high home prices pushed up by record low levels has been a persistent problem over the past year or so and relief seems farfetched in the short term. To combat this, the Biden-Harris Administration has announced a plan to ...
Read More »Listing Prices Drop, Mortgage Payments Surge
The share of homes for sale with price drops jumped to a seven-month high of 16% during the four-week period as early-stage homebuying demand is on the decline.
Read More »Pace of Forbearance Exits Hits Two-Year Low
With nearly 470,000 nationwide currently in forbearance plans, strong employment numbers are helping homeowners regain their financial footing despite lingering inflationary concerns.
Read More »Real Estate and the Blockchain: Is It Possible?
According to a recent Fannie Mae survey, there is a latent interest in blockchain technology, but most lenders have yet to invest in it.
Read More »HUD Expands Its Eviction Grant Program
An additional $20 million has been made available by HUD to 11 non-profits and governmental entities who provide legal assistance to low-income tenants at-risk of or subject to eviction.
Read More »Bankruptcies Down Over 20% YoY
Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its April 2022 bankruptcy filing statistics from its new Bankruptcy Analytics platform which found that filings decreased by 10% last month representing 32,508 filings of all types, down ...
Read More »Fed Chair Powell Confirmed by Senate for Second Term
By an 80-19 vote, Jerome Powell has been confirmed as Chairman of the Federal Reserve Board by the U.S. Senate.
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