Harvard just put a number on what buyers have been feeling for years. $120,000. That’s the household income now required to afford the monthly payment on a median-priced home in America, according to the Harvard Joint Center for Housing Studies’ State of...
Mortgage application activity was mostly lethargic for the week ending July 3, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.2% on a seasonally adjusted...
BrightSky Residential, a developer of single-family build-to-rent (BTR) communities, has begun leasing at Oaks at Wendell, a new 201-home townhome rental community in the Raleigh satellite town of Wendell, North Carolina. According to the company, the community offers...
Atlantic Home Mortgage has launched Lendtrain, a platform that enables homeowners check an estimated refinance quote online in about 30 seconds. According to the Alpharetta, Georgia-bases company, Lendtrain shows estimated wholesale refinance rates, estimated closing...
Homebuyers looking for a significant discount on properties should pay closer attention to foreclosure listings, according to a report from Realtor.com. Although foreclosure listings made up 1.3% of all homes for sale in April, the highest level in six years, these...
The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is allocating $66.3 million in Affordable Housing Program (AHP) grants that will support 45 affordable housing developments across Arizona, California and Nevada. This year’s AHP awards represent an...