The national median mortgage payment was $2,137 in November, down from $62 in October, according to data from the Mortgage Bankers Association (MBA). However, November’s sum is up by $160 from one year ago, equal to an 8.1% increase. The national median mortgage...
The majority of millennials and Gen Zers did not grow up to move away from their hometowns, according to new data from LendingTree (NASDAQ:TREE). In a survey of 2,000 U.S. millennials and Gen Zers, 57% of respondents said they still live in their hometowns, while...
Median-priced single-family homes and condos remained less affordable in the fourth quarter compared to historical averages in 99% of counties around the nation, according to the latest 2023 U.S. Home Affordability Report from ATTOM. The new report found major...
Federal Reserve Bank of Philadelphia President Patrick Harker stressed the importance for the central bank to lower interest rates – just not in the immediate future. Speaking today in an interview with the Philadelphia radio station WHYY, Harker said, “It’s important...
The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Justice (DOJ) have filed a lawsuit against the Texas-based developer and lender Colony Ridge, accusing the company of operating an illegal land sales scheme targeting tens of thousands of...
A California developer has proposed an apartment tower for Oklahoma City that would be the second tallest building in the nation. According to a report in The Oklahoman, Scot Matteson has put forth a proposal to create a 134-story apartment tower as part of a...
