News

Home prices are falling by double digits in popular metros like the Bay Area and rising by double digits in South Florida cities like Miami, according to Redfin.

Mortgage insurers reported that over one million borrowers utilized low down payment programs in order to secure a mortgage for a home; about 97% of these purchases helped people buy new homes and first-time buyers get into one.

NAR’s latest report reveals pending home sales were down across the U.S. on a year-over-year basis. Click through to find out what else the report revealed.

According to ATTOM, median home values declined in 52% of Opportunity Zones in Q1, standing firmer than other local markets nationwide.

An upcoming Five Star Institute webinar will closely examine how the nation’s small business lenders will be affected by Section 1071, and what can be done to prepare for implementation of the rule.

A new round of HUD funding will strengthen coordination among public housing authorities, public child welfare agencies, and Continuums of Care.

New data shows there is continued momentum in the investment marketplace as 2023 progresses, with growth found particularly in the Midwest and the West regions of the country.

The Five Star Institute is set to present a webinar discussing the landscape of the mortgage industry over the next 12 months, including a possible rise in home equity loans, a decrease in savings, increased credit card usage, and overall consumer weariness, among other topics.

An analysis of U.S. Census Bureau data has found that the nation’s homeownership rate stood at 63.1% in 2020, the lowest total reported since 1970.

“Some buyers are asking sellers for the sun, the moon, and the stars in addition to offering below the asking price, and some are requesting no extras because they’re so motivated to secure one of the few homes on the market,” said Boise, Idaho Redfin agent Shauna Pendleton.