According to a new report by the Joint Center for Housing Studies, seniors are already experiencing housing woes, and that number is only set to grow as more Baby Boomers come of age.
Read More »Renters Feel the Squeeze of a Tightening Housing Market
A new study from Freddie Mac found that nearly 60% of renters saw their rent increase over the past 12 months, with just 38% of those polled seeing an increase in their wages to offset this hike.
Read More »Existing-Home Sales Drop for Sixth Consecutive Month
Existing-home sales sagged for the sixth straight month in July, according to the National Association of Realtors. All four major U.S. regions recorded month-over-month and year-over-year sales declines. ...
Read More »IMBs Report Profit Losses in Q2
With IMBs reporting an overall net loss of $82 on each loan they originated in Q2, one analyst notes that “the second quarter of 2022 did not yield the usual Spring seasonal pick-up in purchase activity."
Read More »Inconsistent Mortgage Rates Dip Once Again
Following the up-and-down pattern of the 10-year Treasury, mortgage rates fell to 5.13% this week according to Freddie Mac, a week after shooting up to well above the 5% mark.
Read More »Black Renters in ‘Harsh’ Situation
The fact that housing and mortgage rates have done nothing but rise over the last year has hampered affordability across the board, but the impact on Black renters ...
Read More »Roughly 16M Homes Remain Vacant Nationwide
Across the nation’s 50 most expensive towns, an average of 23.42% of homes currently sit vacant, despite waiting to be rented, sold or the homeowners staying in their primary residence. See what areas have the highest and lowest rates of vacancy in LendingTree's latest analysis here.
Read More »Brian Webster Appointed President of NotaryCam
Stewart Information Services Corporation announced that Brian Webster has been hired as the new President for NotaryCam, a Stewart-owned company. In this role, Webster will lead NotaryCam’s strategic ...
Read More »Potential Home Sales Model Reports Slowing Sales
First American Financial Corporation has released the latest Potential Home Sales Model for the month of July 2022, which uses proprietary data to measure what the healthy ...
Read More »Mortgage App Activity Bottoms Out to 22-Year Low
As mortgage rates jumped back well above the 5%-mark last week, the MBA reports overall mortgage app volume falling 2.3% week-over-week, crashing to lows last seen more than two decades ago.
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