New research from FHLBank San Francisco and the Urban Institute investigates ways to reduce mortgage default risk for vulnerable homeowners by utilizing mortgage reserve accounts that could help homeowners overcome temporary hardships, which would benefit Black families, who are more than twice as likely as white families to lose their home to foreclosure.
Read More »Renting Now Cheaper Than Buying in Nearly All Highest-Populated U.S. Cities
According to a new study from Home Bay, it is cheaper to rent than purchase a home in 45 of the 50 most populous U.S. cities, with San Jose, California, ranked the most expensive city for buying a home, whereas Pittsburgh was named the most affordable.
Read More »Eastern and Midwestern Growth Spurs Q2 Migration Trends
Midwestern and Eastern regions of the nation boasting thriving economies and diverse industries are luring in more individuals and families looking to establish roots, according to Veros’ analysis of Q2 homebuyers.
Read More »Plugging Into an All-Digital Mortgage Process
An upcoming webinar presented by the Five Star Institute and DocMagic will focus on adopting an all-digital mortgage lending process while addressing concerns and building rapport with borrowers during the transition.
Read More »HUD Earmarks $3B-Plus to Combat Homelessness
HUD makes its largest-ever, single-year investment in fighting homelessness nationwide with its latest round of funding, awarded through the Department’s Continuum of Care Program.
Read More »Golden State Tops Destinations for Luxury Property Seekers
While the nation’s housing marketplace continues to experience instability, a new report from Point2 has found stability in the price, demand, sale, and inventory levels in luxury properties through the first half of 2023.
Read More »HUD Makes $75M Available to Tribal Communities for Community Development
“Investing in our Tribal communities is essential. HUD is committed to ensure support, so these communities have access to essential resources.” said HUD Secretary Marcia L. Fudge. “The purpose of these grants is to create more equitable outcomes for Tribal residents.”
Read More »Home Prices Remain Elevated, But Selling for $4,000 Less
As the total number of homes for sale declined 11% from a year earlier, a new report from Redfin revealed the typical U.S. home is now selling for an estimated $4,000 less than last year’s all-time high, while new listings fell nearly 30% from 2022.
Read More »Veterans Optimistic About Housing Opportunities
Most service members, while realistic about challenges they may face in the current housing landscape, feel a home purchase is ‘within reach’ according to a new survey from Veterans United Home Loans.
Read More »Bearing the Weight of Housing Market Stressors
A new study from LendingTree details some of the factors that make the pursuit of the American dream of homeownership such a stressful process for prospective buyers.
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