As the nationwide housing shortage continues, an analysis of data from New Western has found that 80% of surveyed investors are selling homes at or above the asking price after renovating the properties.
Read More »Seeking Balance in Housing Affordability and Climate Change
A new report focusing on the state of Massachusetts has found that the Commonwealth must take measures to curb its housing affordability crisis, while simultaneously counteracting climate change, to create eco-friendly homes without pricing out the next generation of homebuyers.
Read More »Case-Shiller Index Increases Nationally by 1.5% Over March 2023
On a year-over-year basis, the Case-Shiller Index, regarded as a leading indicator of U.S. home prices, reported a 0.3% annual decrease in April, down from a gain of 0.7% in March 2023. Click through for more on the index and expert insights on the results of this month’s index.
Read More »CMG Financial Names Courtney Thompson EVP, Head of Servicing
Former Sagent and Flagstar executive brings nearly 20 years of industry experience to her new servicing role in building long-term trust with CMG’s clients.
Read More »The Ripple Effect of New Data Collection Rules
A recent webinar discussed implementation of Section 1071 of the Dodd-Frank Act, a measure requiring financial institutions to collect and report data on small business loans, and how the industry is prepping for this new rule.
Read More »Home Prices Propped up by Lack of Inventory
“Housing's performance is a testimony to the strength of demographic-related demand in the face of baby boomers aging in place and Gen-Xers locking in historically low rates,” noted Doug Duncan, SVP and Chief Economist for Fannie Mae.
Read More »CFPB: Southern Consumers Facing Higher Interest Rates
The CFPB has issued a pair of reports looking at the state of banking in the Southern United States and found that a lack of local access to banking options can make it harder to get competitive interest rates on mortgages, credit cards, or small business loans.
Read More »Potential Home Savings Driving More Californians to Texas
An estimated 300 people a day moved from California to Texas in 2021, and the popular migration route is becoming even more crowded, according to a new analysis from StorageCafe.
Read More »HUD Establishes Independent Office of Manufactured Housing
HUD’s new office will administer the Department’s Manufactured Home Construction and Safety Standards, a code that establishes standards for the design and construction of manufactured homes to assure quality, durability, safety, and affordability.
Read More »Serious Delinquencies Continue to Improve in May
Black Knight reports that during the month of May, past-due mortgages approached recent record lows as the number of borrowers a single payment past due improved by 94,000.
Read More »