First quarter home equity decreased by 0.7% year-over-year, the first such decline since early 2012. Click through for more.
Read More »How Real-Time Policymaking Drives Mortgage Innovation
Dan Sogorka of Sagent explains how regulators pivot in times of crisis to maintain stability in the marketplace, bringing order to chaos and preventing systemic breakdowns.
Read More »Consumers Report: Good Time to Sell, Bad Time to Buy
According to a newly released survey by Fannie Mae, affordability constraints have consumers increasingly convinced that it is a seller’s market, while high prices leave buyers with a bleak outlook.
Read More »More People Looking For Homes Outside of their Metro Area
“Greater growth in cross-market activity in the Northeast has elevated the out-of-market shopping share from roughly on par with the Midwest and South in 2020 to a clear second place in 2023,” said Jiayi Xu, an economist for Realtor.com.
Read More »Mandatory Flood Insurance Myths Debunked
A new intelligence report written by Scott Giberson, Principal of Product Compliance for CoreLogic, puts some common misconceptions about flood insurance under the microscope.
Read More »Over 60% of Potential Home Shoppers Waiting for Rates to Drop
The most recent iteration of the BMO Real Financial Progress Index revealed a number of new information including that over 65% of Americans are waiting on mortgage rates to drop before buying a home in today’s market.
Read More »Here’s How the Largest Metros Rank for Homeownership
“Overall, the study revealed that Raleigh, North Carolina; Charlotte, North Carolina; and St. Louis are the three best metropolitan areas for homeownership. Each of these metros ranks among the lowest for share of homes lacking complete plumbing and kitchen facilities (both are lowest in Raleigh), meaning they appear to have relatively high-quality housing available,” said LendingTree Senior Economist Jacob Channel.
Read More »’Hidden’ Home Expenses Can Add Up to $15k Annually
According to a new analysis by Zillow and Thumbtack, utility bills, property taxes, insurance and essential home maintenance can add up to nearly $14,155 for the average homeowner, or an additional $1,180 per month on top of a typical mortgage payment.
Read More »Q1 Mortgage Lending Falls to 20-Year Low
Total residential loans dropped 19% in the first quarter of 2023, reaching the lowest point since 2000; refinancing was also down 85% year-over-year.
Read More »Home Price Gains Slow to Levels Last Reported in 2016
As reported by Realtor.com, home prices rose by 0.9% in May 2023, landing below numbers during pandemic and going further back to 2016.
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