Data

Hybrid work-from-home models and consumer demand for slick apps and digital self-service have turned the way the industry does business upside down. MReport assembled a panel of experts to discuss how the mortgage sector is working to keep up with both homebuyer and internal team demands in this two-part series.

Data showed that price growth had slowed in 97 of the top-performing 100 markets amid an environment of rising rates, and reflected the largest month-to-month price growth deceleration since 2006.

A new analysis by Redfin found that home sales are being canceled at the highest rate recorded since the onset of the pandemic.

Releasing the second-quarter results of its VeroFORECAST, Veros Real Estate Solutions, an enterprise risk management and collateral valuation service company, predicts that home prices will appreciate on average 4.5% ...

According to Redfin Chief Economist Daryl Fairweather, “Conditions for homebuyers are improving. Housing remains expensive, but mortgage rates just posted their biggest weekly drop since 2008, which makes buying a home a bit more affordable."

Using newly released data from the Census Bureau, a new blog post outlines how affordability declined during the pandemic, increasing the number of households that are “cost-burdened”—those that pay more than 30% of their income on housing.

“With 1.3 million loans still in active forbearance along with the renewed focus on servicing from the CFPB and other regulators, servicers and lenders alike must be diligent in their compliance practices,” said Nick Volpe, ACES EVP.

Paul Buege, President/CEO of Inlanta Mortgage, explains that through education and knowledge, homeownership can become a reality despite the forces of affordability and other factors that stand in the path of today’s buyers.

As older generations of homeowners age out of their homes at higher-than-normal rates over the next decade, it could free up 4 million units of inventory. But will that be enough to offset factors keeping homeownership out of reach for many?

Fixed-rate mortgages took a 0.40% dip this week on the heels of recent volatility of the 10-year Treasury yield.