News

According to a new report from Redfin, home values are holding up better in suburban areas than in cities, which have seen an influx of residents due to remote work.

Reduction in MIP will result in an estimated savings of $678 million for American families by the end of 2023, and benefit an estimated 850,000 borrowers over the coming year, saving them an average of $800 annually.

U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing in February on the topic of “The State of Housing 2023” with three highly placed witnesses to give testimony to the committee addressing current challenges and forecasts of what to expect in real estate this year.

A new study from MAISY finds household inflation will likely more than double seriously delinquent mortgages by the end of 2023 to 580,000, a level unseen since 2016.

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to nearly 4% of all loans outstanding at the end of Q4 of 2022.

According to a new CoreLogic report, California remains the state most at risk for property damage from wildfires, with CoreLogic’s 2022 Wildfire Risk Report estimating that more than 1.2 million single-family homes are vulnerable.

According to a new report from Auction.com, experts predict a possible 24% increase in foreclosure auction volume in 2023, after demand for distressed properties shifted lower over the last three quarters of 2022.

“Housing affordability is the result of the tug-of-war between purchasing power, which is the product of household income and mortgage rates, and nominal house price growth,” said First American Economist Ksenia Potapov.

According to a new report from LendingTree, millennials surpass older and wealthier generations when it comes to homeownership, having dominated the housing market for the past decade.

The share of homes valued over $1 million has more than doubled since 2015. Click through to find out where they’re located—and who is buying them.