While October saw an uptick in new listings, home sellers nationwide are taking a chance on the market and dropping their prices to attract more buyers. A new market report from Redfin revealed that many Americans remain concerned that mortgage rates may not decline any time soon.
Read More »Snapshot: Pending Home Sales & 2024 Economic Forecast
Including pending home sales numbers, the National Association of Realtors also updated its annual economic forecasts for 2023 and 2024. Click through to find out how much pending home sales numbers changed from last year and to view the NAR’s economic forecast.
Read More »Property Value Uncertainty Pushes Commercial, Multifamily Mortgage Delinquency Rates Upward
The MBA reports that volatile interest rates and stresses on some property markets have increased delinquency rates backed by commercial real estate properties in Q2, trending upward alongside the national residential mortgage delinquency rate.
Read More »Justice Department Updates on Efforts of ‘Combating Redlining Initiative’
Through enforcement efforts to address redlining nationwide, the U.S. Justice Department reports it has collected millions in relief for communities of color nationwide that may have experienced discrimination during their homebuying process.
Read More »Big Apple, Big Rental Demand
While the Midwest remains the most dominant region for renters nationwide, one New York borough was named the most popular location for renters, according to RentCafe's October Rental Activity Report. Click here to see which other locales topped the list.
Read More »Even Top-Paying Jobs May Not Get You into a Home
Having a high-paying job doesn’t guarantee you can easily afford a place to live, especially in cities like San Francisco or New York City—even for those earning over $1M annually. Click through to find out where the standard 28% ratio of your monthly income goes the farthest.
Read More »Agencies Issue Final Rule to Modernize the Community Reinvestment Act
Building on feedback from stakeholders and research, three federal agencies have issued updates to the 50-plus-year-old Community Reinvestment Act to strengthen and modernize its regulations to better achieve the purposes of the law.
Read More »Down Payments Increasing in Line With Home Prices
The standard down payment of 20% has done nothing but rise as this number is tied to home prices, which are also rising. Click through to find out where the cheapest down payments are...and the most expensive.
Read More »Residential Remodeling Activity Primed to Retreat?
According to a new analysis from the Joint Center for Housing Studies, home updates are likely to see some changes over the coming year. Click through to learn what the study is forecasting over the next four quarters.
Read More »Senators Call on FHFA to Abandon Bi-Merge Credit Proposal
In a letter to the FHFA, a coalition of eight U.S. Senators are asking the Agency to implement reforms to credit scoring models that could impact access to creditworthy borrowers. Click through to read arguments from both sides of the issue.
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