According to RentCafe's August Rental Activity Report, Arlington, Virginia, is the most desired city by renters nationwide. As mortgage rates have topped 7% once again, renting remains the most affordable option for many Americans.
Read More »Share of U.S. Homes Sold to Investors Held Steady This Summer
According to a new analysis from CoreLogic, California, Washington, D.C., and Georgia now lead for the highest investor shares in Q2, as investors accounted for 26% of all single-family home purchases in June.
Read More »New Homes Make Up Near-Record Share of Housing Inventory
Homebuyers are turning to newly built properties amid the severe inventory shortage, according to a new market report from Redfin, which revealed new construction homes made up 31.4% of single-family homes on the market nationwide in Q2.
Read More »Upcoming Webinar: Preserving the Dream of Homeownership
In the latest installment of the Five Star Webinar Series, Five Star and Brookstone Management will host a discussion about combating blight, returning foreclosed properties to the market, and protecting property values. Tune in for insights from Brookstone, Fannie Mae, and U.S. Bank.
Read More »Study: Black Homebuyers More Likely to be Denied for Mortgage
While racial disparities in housing pose challenges for homebuyers nationwide, a new report from LendingTree revealed that in the 50 largest U.S. metros, Black Americans are nearly 2% more likely to be denied a mortgage than the overall population.
Read More »Cenlar Names Five New Directors and Promotes Three Execs
Ewing, New Jersey-based mortgage subservicer names S. Courtney Collier-Beyer, Ajanta Jain, William Keller, Austin Stoop, and Terry Webb to new Director positions, while promoting Jacob Foerter, Andrea Leisten, and Laura Ann Pontelandolfo to new roles.
Read More »10 Problems Facing Property Rehabbers
Rehabbing a home for profit can be an extremely lucrative proposition, but only if the project is treated like a business, as tight profit margins leave little room for mistakes.
Read More »More Than Half of Americans Fear They Will Never Own a Home
Among Americans who don’t currently own a home, 51% say they’re worried they will never attain homeownership, according to a new survey from LendingTree. Mortgage rates topped 7% last month and home prices hit new highs in June.
Read More »Connecticut Court Reconciles Case Involving State’s Mortgage Assistance Program
Attorney Geoffrey K. Milne details a recent case involving the state of Connecticut’s Emergency Mortgage Assistance Program (EMAP), a program intended to assist homeowners in avoiding foreclosure.
Read More »GSEs Execute 16K-Plus Foreclosure Prevention Actions in May
As the nation continues to struggle with inflation and high mortgage rates, Fannie Mae and Freddie Mac completed more than 5,100 permanent loan modifications in May, according to the latest FHFA Foreclosure Prevention and Refinance Report.
Read More »