An economist expresses concern about "how we as a society are going to reckon with just how expensive housing has become."
Read More »HUD Makes Headway During New Administration’s First 100 Days
The department reports that, in 2021, it has delivered on urgent housing needs and set the stage for addressing longer-term challenges.
Read More »Mortgage Rates Hold Steady Below 3%
Rates remain at historically-low levels, as Americans are finding it an opportune time to refi, while new home seekers continue to sit on the sidelines due to tight inventory and high prices.
Read More »Fate of FHFA Lies With the Supreme Court
The U.S. Supreme Court last December took up the case of Collins v. Mnuchin, to determine whether the leadership structure of the Federal Housing Finance Agency (FHFA) violates ...
Read More »Lumber Costs Loom Large on New Home Prices
The price of lumber has tacked on more than $35K to the cost of the average new home built over the past year.
Read More »Home Sellers Continue to Ring Up Gains
Home sellers are still netting profits in excess of $70,000, but that number is down approximately $5,000 from the previous quarter.
Read More »Homebuyers’ Desires, Needs, and Aspirations Are Evolving
What do Americans want in a home? COVID-19 has led to a change in the ways consumers might answer that question. Some obvious responses—space, comfort, bigger yards, simpler ...
Read More »Loans Closed Quicker in Q1
Increased lender adoption of eClose technology is cutting the amount of time it takes to close loans, with a six-day reduction in time over the first quarter of the year.
Read More »Finance of America Acquires Parkside Lending’s Wholesale Operation
This marks the company's 16th acquisition and integration of a "highly complementary business," says CEO Patricia Cook.
Read More »Sub-3% Rates a Non-Factor on Mortgage Apps
Mortgage applications are slipping, as the war between low rates and affordability continues in the nation’s housing market.
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