Worst Affordability in 40 Years?
"Home buyers face the most difficult affordability conditions in nearly 40 years due to limited inventory and rising mortgage interest rates," said Jessica Lautz, NAR's Deputy Chief Economist and VP [...]
Worst Housing Affordability in 40 Years?
"Home buyers face the most difficult affordability conditions in nearly 40 years due to limited inventory and rising mortgage interest rates," said Jessica Lautz, NAR's Deputy Chief Economist and VP [...]
Homebuyers Flock to Upstate New York Amid Housing Supply Shortage
While housing affordability and competition tighten across the U.S., three cities in the Big Apple are among the nation’s fastest housing markets, according to a new report from Redfin, that [...]
The Week Ahead: Protecting Vets Through the VA Housing Program
An upcoming Senate Banking Committee hearing will focus on protecting our nation’s veteran population, with a discussion on VA housing assistance programs. Source: DS News
Declining Affordability Fuels Home Sellers to Drop Prices
While October saw an uptick in new listings, home sellers nationwide are taking a chance on the market and dropping their prices to attract more buyers. A new market report [...]
Snapshot: Pending Home Sales & 2024 Economic Forecast
Including pending home sales numbers, the National Association of Realtors also updated its annual economic forecasts for 2023 and 2024. Click through to find out how much pending home sales [...]
Property Value Uncertainty Pushes Commercial, Multifamily Mortgage Delinquency Rates Upward
The MBA reports that volatile interest rates and stresses on some property markets have increased delinquency rates backed by commercial real estate properties in Q2, trending upward alongside the national [...]
Justice Department Secures $107M+ Via Combating Redlining Initiative
Through enforcement efforts to address redlining nationwide, the U.S. Justice Department reports it has collected more than $107 million in relief for communities of color nationwide that have experienced lending [...]
Big Apple, Big Rental Demand
While the Midwest remains the most dominant region for renters nationwide, one New York borough was named the most popular location for renters, according to RentCafe's October Rental Activity Report. [...]