Share of Black, Asian American Homebuyers Decreases YoY
As inflation and limited inventory continues to affect buying power of homebuyers, the greatest impact was felt by Black and Asian Americans, as figures for both declined an overall 6% [...]
The Week Ahead: Reducing Risk Through Proper Title Diligence
An upcoming Five Star webinar, presented by Selene Title, will tackle the topic of title and its critical role in the single-family rental, build-for-rent, and bulk transaction marketplaces. Click through [...]
Half of Mortgaged Homes Now Considered Equity-Rich
"Even though home price appreciation has slowed down dramatically in recent months, homeowners have continued to build equity," said Rick Sharga, EVP of Market Intelligence at ATTOM. Source: DS News
Nationwide Inventory of Active Listings Climbs Nearly 34% YoY
Active listings surged 33.5% year-over-year to the highest level since 2020, while the median list price grew by 13.3% in October. New data from Realtor.com's October 2022 Monthly Housing Market [...]
Undervaluation Still a Hurdle for Minority Families
According to the 2019 Survey of Consumer Finances conducted by the Federal Reserve, on average white families held just under a million dollars in accumulated wealth, while Black and Latino families [...]
Sen. Brown Seeks FTC Review of Rental Pricing Algorithms
In a letter to FTC Chair Lina Khan, Sen. Sherrod Brown urges the Commission to examine whether proprietary rental pricing algorithms may be hurting competition, in violation of antitrust laws. [...]
Homeownership Rates Return to Pre-Pandemic Levels
“While the price of buying a home climbed through the third quarter, would-be buyers pivoted towards renting and other housing arrangements,” said Realtor.com Economic Data Analyst Hannah Jones. Source: DS [...]
NAR Report Finds Fintech Apps Most Impactful Realtor Tools
The latest NAR Tech Survey revealed eSignature, Lockbox, and MLS apps/technology to be the three most effective technology tools for Realtors’ businesses, as nearly half of Realtors believe the metaverse [...]
Fed Hikes Rates by 75 Points; Sixth Increase This Year
Another Federal Open Market Committee Meeting, another rate hike. At the conclusion of the FOMC’s November Meeting, the Committee raised rates by 75 basis points, the fourth consecutive such hike and [...]