Measuring the Impact of Natural Disasters on Consumer Behavior and Home Prices
A new report from Realtor.com found that cumulative price growth of low-risk homes consistently outperformed the rate of high-risk homes, suggesting that flood risks are increasingly reflected in housing prices. [...]
Prepayments Fall; Foreclosures Rise
Black Knight’s first look at month-end data for October 2022 found prepayment activity fell to a new low. Source: DS News
Nearby Grocery Stores Positively Impact Home Values
Those looking to flip homes for the best return should look near certain grocery stores which have been proven to raise nearby home values. Source: DS News
Shifting Gears
Prepare for these three distressed disposition trends as the housing market downshifts and we enter 2023. Source: DS News
Gen Z Weighs in: Economic State Making it Harder to Save
A recent bank of America survey revealed that as inflation persists, an estimated 75% of young adults are seeking more ways to earn additional income, as challenges of achieving their [...]
Forbearance Volume Rises for First Time in 29 Months
The impact of Hurricane Ian in the Southeast U.S. forced the share of mortgage loans in forbearance slightly upward in October, as an approximately 350,000 U.S. homeowners are now in [...]
Total Mortgages Drop at Fastest Annual Pace in Two Decades
Residential mortgages issued in Q3 of 2022 were down nearly 19% from an estimated 2.4 million in Q2, while the volume of loans in Q3 also dipped 22% from $820 [...]
HUD Expands Flood Insurance Options for Homeowners
A recent announcement revealed HUD, through the Federal Housing Administration, will allow private flood insurance policies on insured single-family mortgages in special flood hazard areas. Source: DS News
First Look: Downturn in 2023, Improvement in 2024
For the first time, Fannie Mae has released an outlook for 2024 which predicts a modest improvement over 2023, in which the market should bottom out during the second quarter. [...]