The new ADU policy will expand financing options for borrowers to bolster the supply of affordable housing and assist families in creating generational wealth.
Read More »HUD Awards $60 Million to Address Youth Homelessness Nationwide
The Department issues federal funds to support efforts community-driven efforts nationwide to end youth homelessness, and improve outcomes through secure, stable, and supportive housing.
Read More »Examining U.S. Migration: Where Are People Moving To?
As relocation patterns continue to shift nationwide, the Mountain West region has emerged as a hot spot for homebuyers, according to a new study from StorageCafe, with Idaho topping the list with the highest net migration rate in the nation.
Read More »The Bank of Mom and Dad Growing in Popularity for Down Payments
Saving for a standard 20% down payment can take years, but many homebuyers today are turning to family members to expedite the process.
Read More »Mortgage Rates Rise for Fifth Consecutive Week
Freddie Mac reports the 30-year fixed-rate mortgage rose to an average of 7.57% this week, as purchase demand remains at a three-decade low.
Read More »Homebuyers Backing Off Despite Increase in New Listings
According to a new Redfin report, new listings have ticked up, but near-8% mortgage rates are causing many potential homebuyers to retreat, as purchase applications remain near their lowest level in nearly 30 years.
Read More »Getting to Know the Millennial Homebuyer
Millennials remain a powerful force in the homebuying arena, and new research from Kristy Folino of ServiceLink offers insights into their priorities, behaviors and intentions for the coming year.
Read More »Share of First-Time Hispanic Homebuyers Projected to Rise in Coming Years
Although denial rates are higher for Hispanic borrowers and worsening affordability continues to hinder homebuyers nationwide, a new study from the Urban Institute revealed that by 2040, an estimated 70% of new homeowners are projected to be Hispanic.
Read More »After Weeks of Decline, Mortgage Apps Begin to Trend Upward
With mortgage rates averaging 40 basis points higher than one month ago, overall mortgage application volume deviated from the norm and rose slightly week-over-week, led by an increase in ARM volume.
Read More »Banks, Climate Change, and Credit; A New Perspective
New commentary from DBRS Morningstar highlights how the company looks at banks’ management of climate-related risks—in particular, from a credit perspective.
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