An economist for First American digs into research on where the average-earning American can still find affordable housing.
Read More »Homebuyers and Sellers Adapt to Changing Market Conditions
A new Zillow analysis revealed home-buying demand has cooled from the record pace of 2021, while competition is now at its hottest for the lowest-priced homes as mounting ...
Read More »Housing Starts Slip Amid Economic Headwinds
Housing starts fell further than anticipated in July, as multi-family becomes a bright spot with builders adapting to a growing rental market.
Read More »Q2 Housing Affordability Drops to Lowest Point Since Great Recession
Rising mortgage rates, high inflation, low existing inventory, and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in Q2 of ...
Read More »Seizing Homeownership Opportunities
While several factors have played into affordability issues for many in attaining homeownership, Adam Mercado of ClearPath Lending stresses that timing and patience are key for this segment in today’s housing finance landscape.
Read More »Pushing Mortgage Underwriting Further Into the Digital Age
Andy Sheehan of Finicity explains how Freddie Mac’s Loan Product Advisor acceptance of direct deposit data to assess income, payroll, and account transactions data for verification of employment can enable digitization through open banking.
Read More »CFPB Circular Addresses Potential Misuse of Personal Financial Data
The Bureau notes that Inadequate authentication, password management, or software update policies or practices are likely to cause substantial injury to consumers.
Read More »Bidding Wars Becoming Less Common
Now recording its sixth month of decline, homebuyer competition has now fallen to levels seen during the initial throes of the pandemic. According to Redfin, 44.3% of home ...
Read More »New Desktop Appraisal Rules: Today’s Pains and Tomorrow’s Gains
John Dingeman of Class Valuation describes how technology in the appraisal space has made the process significantly more efficient for eligible loans.
Read More »The Average Home Cost Has Surpassed $400k For First Time
Despite market influences that are pushing up mortgage rates and slumping home sales numbers during the second quarter of 2022, most metropolitan areas still saw double-digit annual price ...
Read More »