According to a new CFPB survey, more families are having difficulty paying their bills in 2022 than in 2021, while Black, Hispanic, and low-income households are far more likely to have difficulty paying bills and debts.
Read More »Inventory of Unsold Existing Homes Retreats for Fourth Consecutive Month
According to the National Association of Realtors, all four major U.S. regions analyzed recorded month-over-month and year-over-year declines in existing home sales.
Read More »Q2 Critical Defect Rate up 6%
ACES Quality Management has released the findings of its latest Industry Trends Report for the second quarter of 2022, which found that the overall critical defect rate increased 6% compared to Q1 and crossed the 2% threshold for the third time in report history.
Read More »Returning to a More Balanced Market?
"Sellers and buyers are each able to negotiate, with neither having a built-in upper hand," said Nick Bailey, RE/MAX President and CEO, "...but it seems like the market is shaking off the last vestiges of the 2021 overheating. Balance seems to be returning—as it usually does."
Read More »Fannie Mae: Markets May Not Recover Until 2024
The GSE’s Economic & Strategic Research Group predicts the economy will experience recessionary conditions starting during the first quarter of 2023. Here’s what else their latest forecast suggests.
Read More »Share of Homebuyers Migrating From Home Metros Nears Record High
According to a new report, the share of Redfin users moving away from their home metro is nearing a record high as 6%-plus mortgage rates and inflation continue to cut into homebuyers' budgets.
Read More »Mortgage Purchase Apps Up by Double Digits, Demand Remains Low
According to a new report from Redfin, mortgage-purchase applications and the Homebuyer Demand Index have both increased significantly since bottoming out in October. However, homebuying demand remains much lower compared to a year ago.
Read More »November Brought Minor Relief to Affordability
A combination of declining home values and lower mortgage rates brought down average mortgage payments by $100.
Read More »Keeping Ahead of Climate Change
Jeff Schott of EarthvisionZ shares his thoughts on improving efficiencies within the risk assessment industry, and what challenges lie ahead in 2023.
Read More »Study: Miami Is America’s Most Competitive Rental Market
A new report from RentCafe showed Miami was 2022’s hottest U.S. market as two-thirds of renters renewed their lease. Here are the latest findings.
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