The average teacher can afford 47.9% of apartments for rent within commuting distance of their school, up from 40.7% in 2023 but down from 58% in pre-pandemic 2019, according to a new data report from Redfin (NASDAQ:RDFN). However, the average teacher can only afford...
Mortgage application activity recorded a healthy upswing in new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 9. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 16.8% on a seasonally...
The Consumer Financial Protection Bureau (CFPB) has released an advisory opinion and research report highlighting predatory lending concerns related to contract-for-deed home selling. In a press statement, the CFPB warned that contract-to-deed transactions “often have...
California’s housing affordability during the second quarter sank to its lowest levels in nearly 17 years due to elevated home prices and mortgage rates, according to data from the California Association of Realtors (CAR). The second quarter’s level was less...
The median asking rent declined year-over-year across all bedroom counts in July, according to new data from Redfin (NASDAQ:RDFN). This marks the first occurrence for across-the-board rent declines since June 2020. Median asking rents for 0- to 1-bedroom apartments...
The U.S. Department of Housing and Urban Development (HUD) has announced three initiatives focused on affordable housing creation. HUD has teamed with the U.S. Department of the Treasury on new actions designed to ensure greater interest rate certainty for state and...
