Luxury and Investment Home Sales Dip Nearly 40%
Redfin reports that the luxury and investment home market has slid 38.1% year-over-year, due to lingering inflationary concerns, high interest rates, and fears of a recession. Source: DS News
Kim McClain Sworn in as HUD Assistant Secretary for Congressional and Intergovernmental Relations
New HUD appointment will manage the Department’s legislative affairs, Congressional relations, and policy matters impacting federal, state, and local governments, and public and private interest groups. Source: DS News
Share of Energy-Efficient Homes Rising Nationwide
According to a new Porch study, homeowners and homebuyers are beginning to understand and appreciate the value of an energy-efficient home and what it provides in terms of cost and [...]
CFPB Issues Latest Insights Report
According to the Consumer Financial Protection Bureau, a new analysis of nearly half a million complaints reveals ongoing challenges, as TransUnion, Experian, and Equifax top the list of complaints. Source: [...]
McCalla Raymer Leibert Pierce Adds to Ownership and National Evictions Management Teams
Nationwide legal services provider names Michael Gonzales a Member and Owner at the firm, and promotes A. Drew Powers to the role of Managing Partner of the firm’s National Evictions [...]
First American: Housing Affordability to Rebound in 2023
Chief Economist Mark Fleming of First American states that “given the large loss of affordability buyers experienced this year, a possible improvement next year will be a welcome relief for [...]
Report: Housing Market to Show Resilience in 2023
CoreLogic anticipates that annual price changes will move into negative territory by the spring of 2023 before rebounding to near 2% to 3% growth in the fall. Source: DS News
Study Finds Many Americans Migrating Out of High Cost-of-Living Areas
Southern states are seeing an influx of movers, according to North American Van Lines' 2022 Annual Migration Map, as a large trend of Americans are migrating to more affordable areas [...]
OCC: Overall Mortgage Performance Improves in Q3
The latest OCC Mortgage Metrics Report found that 97.2% of mortgages included in the report were current and performing at the end of Q3 2022, an improvement of 95.6% recorded [...]