The Home Price Index overall found that home price growth remains in positive territory at 4.4%, marking 133 straight months of growth.
Read More »HUD Commemorates Fair Housing Month, Signing of Fair Housing Act
It's been 55 years since the Fair Housing Act was signed into law, and the U.S. Department of Housing and Urban Development kicked off Fair Housing Month 2023 with the theme, “Choices for All Voices: Building an Equitable Future.”
Read More »OCC Report Outlines Decline in Q4 First Lien Mortgage Performance
The OCC’s latest Mortgage Metrics Report found that mortgage servicers nationwide initiated 9,166 new foreclosures in the fourth quarter of 2022, a decrease from Q3’s totals but a higher volume than recorded in Q4 2021.
Read More »Contract Volume, New Listings Down, While Days on Market Up
HouseCanary reports the number of homes that experienced price cuts increased over 130% year-over-year, as the market has been reported to be adjusting to continuous rate hikes.
Read More »More Than Eight Million Americans Reportedly Behind on Rent
According to a new LendingTree study, more than eight million adults throughout the U.S. aren’t caught up on rent, citing continued affordability constraints, and greater overall housing costs.
Read More »Fannie Mae Recognized for Driving Adoption of Green Financing in Housing
Fannie Mae has been honored with the 2023 ENERGY STAR Partner of the Year–Sustained Excellence Award for driving positive impact and the adoption of energy-efficient advancements in housing and finance.
Read More »Homeownership Affordability Inches Upward But Remains Weak Throughout U.S.
Homebuying conditions for house hunters may be improving as the portion of average wages nationwide required for typical major homeownership expenses fell slightly to 30% in Q1, according to ATTOM's latest U.S. Home Affordability Report.
Read More »Price Declines Continue Across Housing Markets as Affordability Improves
“As the housing market rebalances, price declines will continue across many markets, but those declines would have to be substantial to erase all of the equity gains accumulated by homeowners during the pandemic boom,” said First American Chief Economist Mark Fleming.
Read More »Median Price of Homes for Sale Increased in March
The median price of homes for sale increased by 6.3% annually in March, according to Realtor.com's 2023 Monthly Housing Market Trends Report. The report notes that homes spent an average of 18 days longer on the market than the same time last year.
Read More »Sun Belt Destinations Most Popular Among Homebuyers Looking to Relocate
Florida has topped the list of popular relocation destinations again, according to a new report from Redfin, as relocators made up a bigger portion of homebuyers than ever due to elevated mortgage rates and persistently high home prices.
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