Home prices are up in 71% of the nation, according to ATTOM's 2023 U.S. Home Sales Report. With the U.S. median home price hitting another record in Q3, profit margins on typical home sales increased to nearly 60% nationwide.
Read More »Housing Dynamics Closely Mirror Those of the Early 1980s
The current housing market is similar to the market of the 1980s. History doesn’t repeat itself, but it often rhymes, says First American Chief Economist Mark Fleming.
Read More »Rent-Burdened Households Reach Their Highest Level in More Than a Decade
The share of renters who are cost-burdened has risen to the highest level since 2012, according to a new survey from Apartment List. Here’s how many households were rent burdened in America in 2022 per U.S. Census data.
Read More »Average Home Price Now Demands Above-Average Salary
It’s no secret that would-be homeowners have been struggling against headwinds of home prices and inflation, but just how much does a typical person need to make to afford a home right now? A new report shines a spotlight on the modern homebuyer’s struggle.
Read More »Who’s Bearing the Brunt of Rent Increases?
While annual single-family rent growth slowed in August, marking the 16th consecutive month of declines, a new report from CoreLogic revealed that rents have increased by 30% nationwide since February 2020. Click through to see how the numbers break down.
Read More »Putting Forbearances Under the Microscope
MBA forecasts that unemployment increases, a rise in property taxes, the resumption of student debt payments, and the potential for natural disasters will impact loan performance in the future months. Here’s what September’s forbearance data reveals.
Read More »HUD Launches Latino Task Force
In line with Hispanic Heritage Month, the Department of Housing and Urban Development has launched a new task force dedicated to empowering the Hispanic community and bridging disparities in housing, procurement, and housing practices.
Read More »MBA Ups Origination Volume Forecast for 2024
Looking into 2024, the Mortgage Bankers Association (MBA) has announced that it now predicts origination volume to total $1.95 trillion next year.
Read More »Fannie Mae: Long-Term Interest Rates Projected to Impact Economy
New commentary from Fannie Mae revealed the ESR Group is warning that while rates are moving rapidly again, they are expected to weigh on consumption and business investments over time. Experts now project a significant slowing trend in economic growth through the end of the year and into 2024.
Read More »Freddie Mac Launches New Down Payment Assistance Tool
The new DPA One option works to quickly and efficiently access and compare down payment assistance programs in order to help more first-time homebuyers achieve homeownership.
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