The Week Ahead: Charting the Course for the Remainder of 2023
The Five Star Institute is set to present a webinar discussing the landscape of the mortgage industry over the next 12 months, including a possible rise in home equity loans, [...]
U.S. Homeownership Rate Drops to 53-Year Low
An analysis of U.S. Census Bureau data has found that the nation’s homeownership rate stood at 63.1% in 2020, the lowest total reported since 1970. Source: DS News
Concession Rate Increases by 17% YoY
“High mortgage rates and low supply have thrown the housing market out of whack, and each deal is different. Some buyers are asking sellers for the sun, the moon and [...]
Mortgage Delinquency Rate Falls to New Low in March
According to CoreLogic, the nationwide delinquency rate dropped to 1.1%, the lowest level reported in 23 years, as the unemployment rate remains near an all-time low. Source: DS News
One in 80 U.S. Homes Reported Vacant in Q2
ATTOM data has found that the number of vacant homes in foreclosure has risen for the fifth consecutive quarter, as zombie properties accounted for the largest share of all homes [...]
First Look: Delinquencies Spike After Setting Record Low in March
Early-stage delinquencies (borrowers 30 days late) bore the brunt of the rise, increasing by 200K (+25%), which matches the impact of previous similar calendar-related events. Source: DS News
Freddie Mac: Economic Risk Sill a Threat Due to Stubborn Inflation
According to Freddie Mac’s latest report, stubborn inflation is a major concern for the housing market and the economy as a whole. Click through to find out what else Freddie [...]
Prices Varying Nationwide for Homebuyers and Sellers
“The stark difference in home-price dynamics between the Bay Area and Miami may be a reflection of a long-term, pandemic-fueled shift in where people choose to live,” said Redfin Deputy [...]
Ranking the Nation’s Areas Most Vulnerable to Natural Disasters
With exposure to hurricanes and inland floods, CoreLogic found that Plaquemines Parish, Louisiana was the riskiest place in the U.S. for property owners due to damage from natural disasters. Source: [...]