Alarming Number of New Mortgages Already Underwater
According to the 2023 Insuring the American Homeowner report, Insurify projects home insurance rates will rise an additional 9%, as some 27% of new homeowners who bought a home in [...]
Building Permits Ramp Up in California, Florida, and Texas
Building permits from California, Florida, and Texas make up a third of all building permits issued nationwide and have been dominating this statistic for the last decade. Source: DS News
Homebuyers Planning to Purchase in 2023 View Now as a Good Time to Buy
Despite economic conditions, TD Bank's First-Time Homebuyer Pulse report revealed more than one-third of homebuyers planning to purchase a home reported that now is a good time to buy, as [...]
Cenlar Announces Executive Changes to Its Compliance Team
Mortgage subservicer has appointed Marlon Groen as its new Chief Compliance Officer, and has promoted Jennifer Rowen to the role of SVP, Core Operations. Source: DS News
All Forms of Bankruptcy Up in March
Total filings increase to levels last seen in 2021. Click through for more. Source: DS News
12-Month Home Prices Anticipated to Remain Flat
Veros’ latest VeroFORECAST predicts prices to remain flat, with the top performing markets only increasing by a few percent. Source: DS News
Homeowners Wanting to Age in Place Unsure of Home Improvement Costs
A new study from Point revealed nearly 90% of homeowners nationwide aged 50-80 years old report saying they want to remain in their homes for as long as possible, but [...]
Demand Dwindles for Vacation Homes and Investment Properties
Redfin reports that demand for vacation homes is down more than 50% from pre-pandemic levels, as the number of people locking in mortgages for second homes dropped to its lowest [...]
New Listings Down Across U.S. Metros as Supply Dampens
While sales are down by double digits, new listings remain limited according to a new report from Redfin, as homes on the market are being sold faster due to moderating [...]