News

Eric Fox, Chief Economist at Veros, commented, “This decrease to an average depreciation of -0.5% over the next 12 months is the first time in over a decade that Veros’ average house price forecast has gone negative."

The new proposed rule would require nonbank financial companies to register their use of contract terms and fine print that seek to waive or limit consumer rights and legal protections.

Wells Fargo has announced the move to shrink its mortgage portfolio and close its correspondent business. Going forward, WF will now offer home loans to existing bank and wealth management customers and borrowers in minority communities.

A new blog post by First American Deputy Chief Economist Odeta Kushi lays out three possible scenarios for the housing market in 2023.

The widespread, pandemic-driven move to digital solutions is a change that is likely here to stay, according to CoreLogic experts. A new report revealed just how the homebuying process is evolving.

Pacaso has found that Washington County, Utah saw the biggest annual increase in second home and investment home share of rate locks, up 10.3% year-over-year.

A new study from United Van Lines revealed retiring Baby Boomers and early Gen Xers are driving American migration patterns, while eastern states experienced the highest share of inbound movers.

Among the OCC’s highlights from the past year was its work with the Property Appraisal and Valuation Equity (PAVE) Task Force in advancing property appraisal and valuation equity to help close the racial wealth gap and address mis-valuations for families and communities of color nationwide.

Doug Duncan, Fannie Mae’s SVP and Chief Economist, noted that “respondents continue to cite high home prices and unfavorable mortgage rates as the primary reasons for their pessimism.”

A recent case in Florida addressed alienation of a homestead property, which occurs when one spouse takes out a mortgage without the other spouse’s consent. An attorney from Legal League firm Diaz Anselmo & Associates examines the implications.