Due to the increased cost of living and evolving work trends, Americans are now moving to smaller cities with lower median home values, according to a new report from Gravy Analytics.
Read More »Bridging the Racial Homeownership Gap
While racial disparities in homeownership are at their highest level in 50 years, closing the Black-white homeownership gap in the U.S. will take adding nearly five million African American homeowners, according to the U.S. Department of Housing and Urban Development.
Read More »Homes Are Statistically More Affordable Than They Were in 2006
First American Financial Corporation has released its latest iteration of their Real House Price Index (RHPI) for January 2022, which measures the price changes of single-family properties across national, state, and metropolitan areas, which are adjusted based on income, interest ...
Read More »Rental Market Divided Along Race, Income Lines
During a time when rent prices are growing at double-digit rates, 36% of all renters make less than $30,000 a year.
Read More »Homeowners Are Running Out of Savings
The financial impact of COVID-19 and the measures to decelerate the pandemic have been immediate and widespread, and the housing market is not immune.
Read More »PennyMac Reports Mortgage Finance Performance
According to the company's President and CEO, PennyMac's servicing portfolio grew by around 20%.
Read More »Mortgage Debt Hits New Highs
According to new data, as of Q3 2019, mortgage debt is now above the 2008 high of $14.7 trillion.
Read More »Speeding Up the Verification Process
Finicity's new Verification of Income and Employment (VOIE) solution will speed up borrower verifications and advance the industry's shift to become fully digital.
Read More »Freddie Mac Reports Increased Income
Freddie Mac's comprehensive income increased slightly in Q2 2019, while its return on conservatorship capital improved to 14.1%
Read More »Where Income and Affordability Balance Out
Median home prices vary from city to city, and a recent study takes a look at where the average income can afford these average homes.
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