Tag Archives: home appreciation

Alongside rising interest rates, the average equity withdrawal among cash-out refinances has also risen by nearly 90% from its low in 2020.

According to a new report from CoreLogic, Southwestern counties ranked highest in a recent “Safest Place to Live” study, offering homeowners in those areas more protection from some weather-related climate risks.

January marked the lowest rate of home appreciation since the spring of 2021, declining for the ninth straight month to 5.7%. Meanwhile, Orlando, Florida posted the country’s largest annual gain for the third consecutive month.

Fannie Mae's Innovation Challenge 2022 will help the company seek innovative, scalable proposals to remove barriers that currently prevent many households, including Black households, from purchasing or renting a home.

A rise in mortgage rates over the past year and inflationary concerns have constrained the purchasing power of prospective buyers, resulting in home price declines of the past two quarters.

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."

As many would-be home sellers are holding onto their existing homes, properties are now staying on the market longer according to the latest Zillow analysis, leaving sellers to try and draw in homebuyers with attractive listings and price drops.

Home sales in September saw a significant dip compared to August, decreasing about 30% lower than the same time last year. While inventory is up just 3%, numbers remain nearly 40% below 2019 levels.

John Vella, Chief Revenue Officer of Selene Finance LP, sits down with DS News to discuss the state of the servicing sector, as well as lessons learned from listening and working with borrowers on the path to a successful resolution of their forbearance plans.