A new study from MAISY finds household inflation will likely more than double seriously delinquent mortgages by the end of 2023 to 580,000, a level unseen since 2016.
Read More »Whatever Happened to Starter Homes?
Due to increasing cost of land, zoning restrictions, and skyrocketing costs for building materials, starter-homes are becoming a dying trend. The latest market study from Point2 Homes explores the challenges facing first-time buyers.
Read More »Home Sales Slowing as Inventory Remains Low
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.
Read More »Nearly a Million Americans Fear Losing Their Home to Foreclosure
With many households unable to afford necessary expenses as a result of rising rates and inflated home prices, a recent study from LendingTree revealed that many American homeowners report being worried about or likely to leave their home due to foreclosure in the next two months.
Read More »Pace of Forbearance Exits Hits Two-Year Low
With nearly 470,000 nationwide currently in forbearance plans, strong employment numbers are helping homeowners regain their financial footing despite lingering inflationary concerns.
Read More »More Than Half of U.S. Homes Sold Above List Price
According to a new report from Redfin, the typical homebuyer’s monthly mortgage payment jumped to 39%, — the largest year-over-year gain on record as the average 30-year-fixed rate remained at a 12-year high of 5.1%. “Rising mortgage rates are taking ...
Read More »Coronavirus Could Halt Mortgage Payments
Click through to read what share of Americans with loans could stop paying them if the economy remains closed through the summer.
Read More »Low Credit Scores Add Up
A “fair” credit score between 640 and 679 could cost a borrower around $720 a year in extra mortgage payments than a borrower with an “excellent” score, according to a new Zillow study. Zillow analyzed Annual Percentage Rate (APR) terms ...
Read More »Tax Changes Could Drive Migration, Slow Home Sales
The implications of tax reform are many, but a new Redfin report breaks down how it could affect where people live, how long they stay in their homes, and whether there’s a bubble on the horizon.
Read More »CFPB: Mortgage Payment Issues a Top Complaint
Mortgages are once again one of the Consumer Financial Protection Bureau’s most complained-about products, with payment issues, the misapplication of funds, and foreclosure-relief topping the list.
Read More »