According to the RE/MAX National Housing Report for May 2023, while home sales and new listings rose ahead of typical peak selling months, the lack of U.S. housing supply remains a challenge for many homebuyers.
Read More »Study: Economic Impact on Mortgage Professionals
A small study of mortgage professionals found that many of those surveyed are living paycheck to paycheck as the result of inflation, high interest rates, fewer deals, and other job uncertainties.
Read More »Housing Inventory Posted its Biggest Decline in More Than a Year
Across the U.S., there are nearly 40% fewer homes for sale compared to pre-pandemic norms, as new listings dropped an overall 23% from last June, according to Redfin’s Homebuyer Demand Index.
Read More »Measuring the Success of Borrower Assistance Programs
A new report from Fitch Ratings found that delinquencies remained flat to close out Q4 2022, with successful workout strategies helping more homeowners retain their homes and avoid foreclosure.
Read More »Pandemic Policies Reduced Eviction Filings by Nearly 60%
According to a new report from The Eviction Lab, COVID-era policies cut eviction filings by more than half, with resources including eviction moratoria to prevent immediate displacement, stimulus payments, expanded unemployment insurance, and emergency rental assistance.
Read More »Western, Upscale Markets Bearing Brunt of Market Slowdown
Oregon, Washington State, and higher-priced areas of the country are absorbing a larger share of recent market declines based on data from Q1 2023, while other lower-priced areas show less impact from the recent downturn.
Read More »Homeowners Hanging Onto Mortgage Rates Below 6%
According to a new report from Redfin, over 92% of homeowners with mortgages have rates below the current weekly average of 6.71%, which is near the highest level in over 20 years—prompting many potential home sellers to stay put.
Read More »Examining Risk Adjustment and Cross-Subsidization Among Markets
A new analysis from industry veteran Don Layton details the controversy surrounding how the Federal Housing Finance Agency has changed the specific amounts by which Fannie Mae and Freddie Mac risk-adjust the interest rates at which they purchase mortgage loans.
Read More »How Homebuyers Can Save by Negotiating a Lower APR, Home Prices
According to a new survey from LendingTree, some 63% of homebuyers have negotiated their purchase price in hopes of saving money, while just 39% negotiated the mortgage or refinance rate despite the likelihood of a better deal.
Read More »Most Renters’ Payments Not Being Reported to Credit Bureaus
Most property managers are not reporting payments to the three credit bureaus, and a survey found that reporting this data would likely boost on-time payments as well.
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