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Just 45% of Black Families Own Their Home, Compared With 74% of White Families–And the Gap Has Hardly Narrowed Over the Last Decade

Just 45% of Black Families Own Their Home, Compared With 74% of White Families–And the Gap Has Hardly Narrowed Over the Last Decade

by Third Party | May 20, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Redfin —  The homeownership rates for both Black and white families rose slightly over the last 10 years, with part of the increase taking place during the pandemic.  The racial homeownership gap persists. The homeownership rate for Black families rose...
Home Depot’s strong quarter shows housing market is still booming

Home Depot’s strong quarter shows housing market is still booming

by Third Party | May 20, 2022 | Industry Updates, News/Current Events

Source: CNN —  The home improvement retail giant reported better-than-expected gains in sales and earnings for the first quarter Tuesday and lifted its outlook for the rest of this fiscal year.Shares of Home Depot (HD), one of the 30 stocks in the Dow, was up...
Thinking about selling your home? This may be the time

Thinking about selling your home? This may be the time

by Third Party | May 20, 2022 | Industry Updates, Real Estate Agent Tools, Real Estate News

Source: CNN —  Home prices are at record highs and still rising, but there are some early indications that the market may be starting to cool. For sellers looking to get top dollar for their home, the time to sell is now. But homeowners are still holding back...
Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll

Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll

by Third Party | May 20, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: CNBC — Mortgage rates actually fell slightly last week, but the damage has already been done to housing affordability. Both refinance and purchase loan demand dropped, pulling total mortgage application volume down 11% for the week, according to the...
How to sidestep a tax bomb when selling your home

How to sidestep a tax bomb when selling your home

by Third Party | May 19, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: CNBC —  With soaring prices and record home equity, you may expect a profit from selling your property. But the windfall may trigger an unexpected tax bill next April.  While home profits dipped slightly, the typical single-family seller still scored a...
Americans are more stressed about money than ever, and it’s hurting our mental health

Americans are more stressed about money than ever, and it’s hurting our mental health

by Third Party | May 19, 2022 | Industry Updates, News/Current Events

Source: CNBC —  Americans are more stressed about money than they’ve ever been, according to the American Psychological Association’s latest Stress In America Survey. “Eighty-seven percent of Americans said that inflation and the rising costs of everyday goods...
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