Buying a home and sticking to it is becoming a way of the past as more and more members of the Millennial generation and Generation Z who currently live in a home are planning to move in the next 12 ...
Read More »A Modest Suggestion for a New Era
Americans have a lot invested in residential real estate, about $12 Trillion by way of traditional first mortgages on single-family homes. While that number may be shocking, 70% of that debt has been financed by four government agencies Freddie Mac ...
Read More »Median Sale, Asking Prices Experience Double-Digit Increase
The U.S. median home sale price surged 7% during the four-week period ending March 13, according to a new report from Redfin—the largest month-over-month increase on record in Redfin’s data. With mortgage rates also on the rise, the typical homebuyer’s ...
Read More »Senators Call for Review of Wells Fargo’s Refi Processes
Eleven Senators call upon HUD and CFPB after a report suggested that Black and Hispanic borrowers were less likely to be approved for refis.
Read More »Examining Mortgage Resolutions, Forbearances, and Delinquencies
Approximately 2.4 million mortgages are either in forbearance or past due; as an estimated 707,000 of those were still in forbearance as of February, according to the latest report from the Philadelphia Federal Reserve Bank. Since most of these plans ...
Read More »Homes Are Statistically More Affordable Than They Were in 2006
First American Financial Corporation has released its latest iteration of their Real House Price Index (RHPI) for January 2022, which measures the price changes of single-family properties across national, state, and metropolitan areas, which are adjusted based on income, interest ...
Read More »Housing Market Kicks Off 2022 on a High Note
The latest S&P CoreLogic Case-Shiller Index Report shows annual home price gains in January of nearly 20%, marking the fourth-largest reading in 35 years.
Read More »Low Home Inventory Spurs Drop in February’s Pending Sales
Despite intense buyer demand, February marked the fourth consecutive month of declines seen in overall pending home sales nationwide.
Read More »Biden’s FY2023 Budget Seeks $70B+ for HUD
In order to promote homeownership nationwide and strengthen HUD’s internal capacity, President Biden seeks $11.6 billion more for the Department than in 2022 for fiscal year 2023.
Read More »Capitalizing on the SFR Market
The Five Star Institute will present some of the top minds in the SFR space in Dallas, April 6-7, at this year’s Single-Family Rental Summit.
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