A new report explores the drastic increase of consumers in search of delinquent mortgage counseling, which skyrocketed in 2023 compared to the previous year. Click though to read how once-manageable levels of unsecured debt have abruptly become unmanageable for many homeowners.
Read More »Fannie Mae: Inflation to Blame for Weakening Homebuyer Sentiment?
With rising inflation intensifying U.S. housing costs, Fannie Mae's Home Purchase Sentiment Index showed a record number of consumers believe it’s a bad time to buy a home, further hampering those looking to achieve the American dream.
Read More »Achieving Homeownership: Which Generations Are Struggling to Leave the Nest?
A new RentCafe report unveiled the affordability challenges of buying a home for younger generations. Just how many millennials and Gen Zers don't plan to move out anytime soon? Click through to find out.
Read More »Purchase Applications Wane as Housing Affordability Reaches 39-Year Low
According to the November 2023 ICE Mortgage Monitor Report, purchase-mortgage applications declined nearly 50% below pre-pandemic levels, with annual home price growth experiencing the weakest monthly gain since January. Read on to learn how sky-high mortgage rates continue to make life difficult for would-be homebuyers.
Read More »Homeowner Equity Remained Strong During Q3
While underwater mortgages continue to improve throughout the U.S., ATTOM's 2023 U.S. Home Equity & Underwater Report revealed nearly half of all mortgaged properties were considered equity-rich in Q3, despite experiencing the largest quarterly decrease since 2019. Here’s what else the report reveals.
Read More »Home Values Hit All-Time Highs in Q3
Home prices are up in 71% of the nation, according to ATTOM's 2023 U.S. Home Sales Report. With the U.S. median home price hitting another record in Q3, profit margins on typical home sales increased to nearly 60% nationwide.
Read More »Rising Home Prices, Mortgage Rates Fuel Decline in Housing Affordability
Homeownership is becoming more and more difficult, according to ATTOM's 2023 U.S. Home Affordability Report, which revealed that in Q3, housing affordability worsened across the nation amid continuing increases in home prices and mortgage rates.
Read More »Homebuying Power Weakens as Housing Affordability Plummets
Consumer homebuying power decreased from June to July 2023 and decreased 11.0% year-over-year, according to the First American Real House Price Index, sending housing affordability to its lowest level in more than three decades.
Read More »San Francisco Homes Being Sold for Nearly $100k Below Purchase Price
Home price declines are causing Americans to lose money when selling their homes, according to a new report from Redfin, which showed that the typical homeowner in San Francisco who took a loss while selling sold their home for roughly $100,000 less than they bought it for.
Read More »This Year’s Housing Market Continues to Favor Sellers
Five Texas metros topped the top 10 list of best places to purchase a home, according to a new study from WalletHub, which examined the strongest local real-estate markets throughout the U.S.
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