In a recent speech before the New England Council, Sen. Elizabeth Warren calls for big national investment to lower housing costs nationwide, while fortifying protections for both renters and families.
Read More »Overdraft Fees Still a Surprise to Many
Even in light of changing legislation and promises from banks to be more transparent on how and when overdraft fees occur, the CFPB has found that many Americans are still surprised by them.
Read More »Housing Starts on the Rise in November
HUD and the Census Bureau have reported privately‐owned housing starts were up in November 2023, nearly 15% above October 2023’s totals.
Read More »Home Prices Slide as Mortgage Rates Continue to Ease
While the number of homes for sale dipped slightly, according to the latest RE/MAX National Housing Report, home prices are retreating alongside high mortgage rates, which posted their second consecutive decline in November.
Read More »The Number of Affordable Homes Available Dwindles
While affordability issues linger for many, a new study from Redfin has found that just a small portion of homes were deemed affordable by modern lending standards.
Read More »Seriously Delinquent GSE Loans Drop in Q3
According to the FHFA’s Foreclosure Prevention and Refinance Report for the third quarter, the GSEs’ serious delinquency rate declined at the end of the quarter, with Fannie Mae and Freddie Mac completing more than 43,000 foreclosure prevention actions during Q3.
Read More »Despite an Affordability Dip, Challenges Still Abound
Home-ownership expenses now require one-third of average wages nationwide, a 16-year high; historical affordability also stands at worst point since the subprime mortgage crisis in 2007.
Read More »Report: How Community Developers Impact Neighborhood Stabilization Efforts
According to the first-ever Auction.com 2023 Neighborhood Stabilization Report, new data found that community developers are purchasing and renovating distressed properties, often found in underserved neighborhoods, in efforts to provide affordable housing and increase overall access to homeownership.
Read More »U.S. Delinquency Rate Ticked Up in November
A new report reveals that the national delinquency rate inched higher in November but remains below pre-pandemic levels, while "serious" delinquencies—those that are more than 90 days past due—also rose but are down year-over-year.
Read More »Homeowners ‘Hoarding’ Limited Housing Supply, Hampering Potential Buyers
“This holiday season, homeowners are the ‘grinches,’ hoarding housing supply from willing buyers and keeping upward pressure on prices," said Mark Fleming, Chief Economist at First American. But the question remains: Will the New Year offer discouraged homebuyers more hope?
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