According to ATTOM, median home values declined in 52% of Opportunity Zones in Q1, standing firmer than other local markets nationwide.
Read More »Measuring the Impact of Section 1071 of the Dodd-Frank Act
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.
Read More »HUD Announces $5M in Effort to End Youth, Family Homelessness
A new round of HUD funding will strengthen coordination among public housing authorities, public child welfare agencies, and Continuums of Care.
Read More »Are Real Estate Investors Feeling the Squeeze of the Housing Market?
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.
Read More »The Week Ahead: Charting the Course for the Remainder of 2023
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.
Read More »U.S. Homeownership Rate Drops to 53-Year Low
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.
Read More »Home Seller Concessions Increase by 17% YoY
“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.
Read More »Equity, Unemployment Rates Keeping Mortgage Delinquencies at Historic Lows
According to CoreLogic, the nationwide delinquency rate dropped to 1.1%, the lowest level reported in 23 years, as the unemployment rate remains near an all-time low.
Read More »One in 80 U.S. Homes Reported Vacant in Q2
ATTOM data has found that the number of vacant homes in foreclosure has risen for the fifth consecutive quarter, as zombie properties accounted for the largest share of all homes since before the pandemic.
Read More »First Look: Delinquencies Spike After Setting Record Low in March
Early-stage delinquencies (borrowers 30 days late) bore the brunt of the rise, increasing by 200K (+25%), which matches the impact of previous similar calendar-related events.
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