New research from HUD reveals the policy implications regarding small-dollar mortgages, which comprised less than 3.5% of overall home purchase originations in 2020.
Read More »Purchase Mortgage Apps Fall 37% YoY
Mortgage rates continue to trend upward, with more buyers retreating from the marketplace, as the MBA reported a 14.2% weekly decline in overall app volume.
Read More »Low-Income Homeowners Face Significant Challenges After A Disaster
Disasters have been making headlines recently after a pair of hurricanes—Fiona and Ian—caused damage in the territory of Puerto Rico and from Florida up the East Coast, but ...
Read More »Increased Cost of Homeownership Dampening Buyer Demand
CoreLogic has released the CoreLogic Home Price Index (HPI) and HPI Forecast for August 2022, showing home prices nationwide —including distressed sales— increased year-over-year by 13.5%; the lowest ...
Read More »Rising Rates Shrinking Homebuyer Aspirations
As mortgage rates creep toward the 7%-mark, buyers still in the market are being forced to downgrade their options for a larger home, cutting more than 400-square feet out of the homes on the market.
Read More »Wells Fargo Contributes $1M in Hurricane Relief for Florida
Wells Fargo has announced their donation of $1 million from the Wells Fargo Foundation to aid four statewide organizations providing urgent relief in Florida following the aftermath of ...
Read More »Congressional Reps Discuss Equitable Access to Housing and Financing
Representatives Jim Himes (D-Conn.) and Gwen Moore (D-Wisc.) recently penned an open letter for Newsweek on how to make home ownership “inclusive and accessible for every American.” Himes, ...
Read More »Sellers’ Market Remains Firm, Leaving Buyers More Options
The housing market continues to change as higher mortgage rates, rising inflation and economic uncertainty have sidelined many buyers. Meanwhile, according to this month's Knock Buyer-Seller Market Index, ...
Read More »Rent Growth Moderates for Third Consecutive Month
Rent growth is likely to keep slowing as rising interest rates continue to cool the economy, as asking rents climbed to a record high in August, while rent ...
Read More »Housing Inventory Holds Steady, Yet 600,000 Units Short
After posting gains this summer, for-sale inventory levels stalled in August growing at a fraction of the rate seen in recent months as sellers are more frequently choosing ...
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