As the U.S. rental market has been slowing for more than a year, averaging $2,029 in June, a small change from the $1,995 median rent reported one month earlier.
Read More »Lock-In Effect Leads Average Home Prices to Breach $350K
Even though low inventory caused by the lock-in effect is causing a crunch for home seekers, prices continue to rise and have hit a new record high, eclipsing the previous peak set one year ago.
Read More »Legislation Introduced to Narrow the Homeownership Gap
The Low-Income First-Time Homebuyers (LIFT) Act will help reduce the racial wealth gap by allowing qualified buyers to build equity–and wealth–at twice the rate of a conventional 30-year mortgage.
Read More »GSEs Complete 16K-Plus Foreclosure Prevention Actions in April
The FHFA reports that since the start of Fannie Mae and Freddie Mac conservatorship in September 2008, the GSEs have recorded 6.7 million-plus foreclosure prevention actions to date nationwide.
Read More »Highlighting Servicer Success and the Utilization of Loss Mitigation Technology
While nationwide home prices and average costs of living continue to rise, a new case study from Black Knight highlights servicer success using self-service loss mitigation technology to connect with and engage borrowers in times of financial distress.
Read More »Colorado Supreme Court Weighs in on Bankruptcy & Foreclosure
A recent Colorado Supreme Court decision held that a discharge in bankruptcy does not trigger the statute of limitations on a claim to foreclose based on a deed of trust.
Read More »Home-Sale Prices Rise for First Time in Five Months
Today, a monthly budget of $3,000 can afford a home valued at $450,000—a far cry from the $510,000 home it could have purchased a year ago.
Read More »Metro Cost-of-Living Expenses Continue Upward Trend
Due to the increased cost of living and evolving work trends, Americans are now moving to smaller cities with lower median home values, according to a new report from Gravy Analytics.
Read More »U.S. Foreclosure Filings Exceed 185K in First Half of 2023
ATTOM reports that foreclosure activity through the first six months of 2023 maintained an upward trajectory, nearing levels last recorded prior to the pandemic.
Read More »Secretary Fudge Works With Japanese Officials on Urban Solutions, Climate Resilience
Secretary of the Housing and Urban Development has signed a memorandum of cooperation with their Japanese counterparts to jointly pursue innovations in housing policy, urban planning, and climate resilience.
Read More »