Markets were considered vulnerable based on the percentage of homes facing foreclosure, affordability, equity, and foreclosure reports.
Read More »Enforcement Actions Taken Against 400 MLOs Over SAFE Act Violations
State regulators have reached a settlement with 400 mortgage loan originators who falsely claimed to have completed their SAFE Act-mandated education requirements.
Read More »Existing Home Sales Dipped in December
Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month streak of increases. Despite the monthly drop, existing home sales increased by an overall ...
Read More »Race to Develop Built-to-Rent Homes Accelerating
Some 90,000 existing single-family homes in the United States in nearly 720 such communities are designed specifically for renting.
Read More »Wells Fargo Names New Chief Revenue Officer
Wells Fargo announced today that Derek Flowers has been appointed the company’s Chief Risk Officer, effective immediately. Flowers will lead all aspects of Wells Fargo’s Independent Risk Management function, including compliance risk management. He will continue to serve as a member of the company’s Operating ...
Read More »Examining Climate’s Impact on Migration
A new study has found that more are factoring natural disasters in their decision-making process when it comes to moving.
Read More »Senior Home Equity Boomed in Q3
Senior citizens are in a great position in the real estate market at the moment as the latest research shows that their housing wealth grew $396.1 billion to $10.1 trillion during the third quarter of 2021, largely mirroring the meteoric growth seen by the market as a whole. The data for this comes from the latest ...
Read More »Forbearance Exits Continue to Rise
The number of homeowners in forbearance plans fell further in December, as the MBA estimates that just 705,000 U.S. homeowners are currently in some stage of forbearance.
Read More »Investor Impact: Record Rent Price Growth for Single-Family Homes
CoreLogic released its latest Single-Family Rent Index, which analyzes single-family rent price changes nationally and across major metro areas. November 2021 data shows a national rent increase of 11.5% year over year, up 3.8% from November 2020. Annual rent price growth ...
Read More »Inventory Shortages Continue Fueling Intense Housing Market Competition
Salt Lake City and Tucson were among the list of populous cities that have the highest levels of housing market competition.
Read More »