The decline in affordable homeownership opportunities impacted all racial and ethnic demographics in California’s housing market during 2022, according to new data released by the California Association of Realtors (CAR). Last year, only 21% of all Californians earned...
Independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $301 on each loan they originated in 2022, according to the Mortgage Bankers Association’s (MBA) Annual Mortgage Bankers Performance Report. In comparison, these companies...
New data from ATTOM has determined that $339.8 billion in property taxes were levied on single-family homes during 2022, a 3.6% increase from the $328 billion harvested in 2021. However, while the increase was more than double the 1.6% growth in 2021, it was also...
American consumers are struggling to shoulder the burden of financial stress generated by the current economy, and several recent data studies find the situation is more than a little challenging. A study published in February by PYMNTS determined that 62% of American...
Mortgage applications were on the decline, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 31. The MBA’s Market Composite Index took a 4.1% drop on a seasonally adjusted basis from one week earlier...
A new data report from Realtor.com has determined that homebuyers who identify as LGBTQ and BIPOC (Black, Indigenous and people of color) are going into homeownership with greater housing costs burdens than White and non-LGBTQ individuals. According to Realtor.com,...
The Best and Worst Cities for First-Time Homebuyers Are…
