Here’s How the Largest Metros Rank for Homeownership
“Overall, the study revealed that Raleigh, North Carolina; Charlotte, North Carolina; and St. Louis are the three best metropolitan areas for homeownership. Each of these metros ranks among the lowest [...]
’Hidden’ Home Expenses Can Add Up to $15k Annually
When you mortgage a home, it is not just the note you have to pay; utilities, maintenance, and insurance are necessities, and those expenses can add up quickly. Source: DS [...]
HUD Focuses on Healthy Homes in June
The Department kicks off the month of June by focusing its attention on the importance of creating and maintaining a healthy home by addressing home-based hazards, including reducing moisture and [...]
The Week Ahead: Small Business Lenders Face Section 1071 of Dodd-Frank
An upcoming Five Star Institute Webinar will feature a trio of experts discussing the impact of Section 1071 of the Dodd-Frank Act, a rule requiring financial institutions to collect and [...]
Q1 Mortgage Lending Falls to 20-Year Low
Total residential loans dropped 19% in the first quarter of 2023, reaching the lowest point since 2000; refinancing was also down 85% year-over-year. Source: DS News
Home Price Gains Slows to Levels Last Reported in 2016
As reported by Realtor.com, home prices rose by 0.9% in May 2023, landing below numbers during pandemic and going further back to 2016. Source: DS News
Upcoming Hurricane Season May Threaten an Estimated 33 Million U.S. Homes
A new report from CoreLogic has found that climate change is expected to alter hurricane activity this year, placing $11.6 trillion total reconstruction cost value at risk of hurricane-force wind [...]
HUD Commemorates June as National Homeownership Month
HUD has planned a number of events throughout the month, including the launch of the Housing Counseling Awareness Campaign and House Party 2.0, highlighting the benefits of housing counseling and [...]
Real House Prices Increased 3.2% in March
While the Real House Price Index found that home prices, and therefore affordability, decreased across the country, median household income has increased 4.1% since January 2022. Source: DS News