Does Homeownership Affect Racial Wealth Disparities?
Home ownership is the gold standard when it comes to safe investments, and for low-income residents it can be a reliable vehicle to build generational wealth. But in terms of [...]
Servicers Brace for Rise in Foreclosure Activity
Mortgage servicers polled in a new report expect 23% of seriously delinquent mortgages to complete foreclosure over the next year, with pandemic backlog and regulatory intervention having the biggest impact [...]
Home Prices Outpacing Inflation
The average price per square foot of a home hit a new record in July as a new study revealed that these prices have increased 310% since 1980. According to Home [...]
Would-Be Sellers Face Competition Among Smaller Pool of Buyers
HouseCanary, Inc. has released its latest Market Pulse report, covering 22 listing-derived metrics and comparing data between July 2021 and July 2022. The Market Pulse is an ongoing review of [...]
HUD Announces $2.8B of Funding to Help Combat Homelessness
The U.S. Department of Housing and Urban Development (HUD) today announced that it will provide approximately $2.8 billion in competitive funding to homeless services organizations across the country for supportive [...]
Moving Into the Eye of the Storm
Redfin reports homebuyers are relocating to climate risky areas, despite intensifying natural disasters, as homes with high fire and flood risk sold for a premium during the pandemic. The post [...]
Financial Services Committee Passes Bills to Protect Consumers
Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), passed eight bills to strengthen oversight of our nation’s affordable housing and address the housing and homeless crises, put [...]
Home Prices Record 125 Straight Months of Growth
The latest Home Price Index (HPI) from CoreLogic covering June 2022 set a new milestone: it has now seen a record 125 consecutive months of year-over-year increases as home prices [...]
Homes in West Virginia Most At-Risk of 100-Year Storm
While properties in Louisiana are most at-risk of flooding, an analysis of FEMA and Value Penguin data concluded that West Virginia had the highest percentage of homes that would be [...]