A new study revealed that more than half of those who took out a mortgage during the pandemic regret it; a quarter have refinanced; and about half have entered forbearance agreements. Here is what else researchers discovered.
Read More »The State of Mortgage Applications
What a difference a week can make; which in this case translates into a 2% drop off on a seasonally adjusted basis in mortgage applications from a week ...
Read More »Fannie Mae Releases July Monthly Summary
Fannie Mae Conventional Single-Family Serious Delinquency Rate increased 59 basis points to 3.24% in July. One year earlier, this serious delinquency rate was 0.67%. In weighing serious delinquency rates based ...
Read More »Most and Least Affordable Homes in the Country
Researchers at refiguide.org recently published findings related to the most and least affordable places to purchase homes today. With the arrival of the pandemic, the real estate market ...
Read More »Survey Shows Americans Saving More Money This Year
According to the latest Invest in You Survey conducted by CNBC and Acorns in Partnership with SurveyMonkey, Americas are rethinking their spending habits. Specifically, the survey shows that all ...
Read More »Home Prices Grow Despite Pandemic-Perpetuated Recession
No decrease yet, but the pandemic-induced recession will likely lead to an increasing number of housing markets where home prices are at risk of falling, according to May 2020 data.
Read More »Economic and Housing Weekly Report: Forecast Experienced Unexpected Changes
Annualized in Q2 2020, the gross domestic product, adjusted for inflation, plummeted 31.7%, according to the second estimate from the Bureau of Economic Analysis. That’s a bit better ...
Read More »Migration Toward ‘Rural’ Homes Related to Pandemic
According to a recent Redfin report, July found a surge of home buyers looking to leave expensive cities for more rural, inland locales. The current COVID-19 pandemic has ...
Read More »Buyers ‘Frustrated’ By ‘Lack of Homes For Sale’
Looks like new homes are creeping back into the market with a boost in home seller confidence, translating into a near recovery edging back up to levels seen last ...
Read More »Cost of Hurricane Laura Estimated in Billions
Hurricane Laura, which made landfall last Wednesday, was the most intense storm to hit the northwestern Gulf Coast since 1856. According to a report from CoreLogic, storm-related damage “brings threat ...
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