The latest data reveals how much the refinance share of millennial mortgage activity has increased year-over-year. Click through for that and further insights.
Read More »Jobs Report Reflects ‘Economic Divide’ Caused by Pandemic
The employment report for December 2020 showed a loss of 140,000 jobs in December, the first decline since April, according to Friday's Employment Situation Summary from the Bureau of ...
Read More »Despite Low Mortgage Rates, Applications Fell ‘Sharply’
While this sort of decline is typical during holiday weeks, what do economists predict for the market as we head into 2021?
Read More »In Most Areas, Homeownership is a ‘Financially Sound Choice’
Even as house prices rise faster than rents and wages in much of the country, homeownership is still more affordable. Researchers call it a “startling” trend.
Read More »Quantifying Racial Disparity in Home Valuations
Contactless appraisals hold promise when it comes to reducing costs and increasing accuracy, but a group of researchers have looked into the model's accuracy. Here is what they found.
Read More »Racial Inequality in Home Values is Narrowing
The home-value gap between communities of color and the typical American home remains pronounced, but a report from Zillow.com shows the disparity is shrinking. For Black- and Latinx-owned ...
Read More »Next Steps in Nonbank Mortgage Servicing Oversight
Improving safety and soundness in this sector requires more than "prudential regulation" according to housing advocates.
Read More »FHFA: Potential Changes for Appraisal Process
The agency has requested comment, and administrators say the feedback will inform how they will "modernize appraisals to improve both loan quality and the origination process."
Read More »Luxury Property Purchases Surpass Records
Low- and middle-income Americans "aren’t out of the woods when it comes to this recession," economists point out, but affluent Americans are, and they are driving record gains in the sales of top-dollar homes.
Read More »The American Dream is Becoming Less Affordable
The American Dream of homeownership is becoming more cost-prohibitive than ever, especially in the country's largest and most in-demand cities, according to Point2. And the researchers there don't expect ...
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