The Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) have announced the first major update to their respective credit scoring models in decades. HUD is now enabling the Federal Housing Administration (FHA) to use of...
The number crunchers at WalletHub are back with a new data report: “States Where People Spend the Most & Least on Housing.” Studying the costs of rent, mortgage and home energy across the 50 states and then comparing the data with each state’s median household...
New York State recorded 6,574 closed home sales in March, a 5.7% decline from the 9,971 transactions from one year earlier. According to data from the New York State Association of Realtors, pending home sales were down 3.3% from 8,574 homes under contract in March...
Nearly 53,000 U.S. home-sale agreements fell through in March, equal to 13.4% of homes that went under contract that month. This share is up from 12.5% a year earlier and tied with 2023 as the highest March share on record, aside from the pandemic panic of 2020....
The concept of the starter home could soon become passe, according to the latest BMO Real Financial Progress Index report. The report, which polled 2,500 adults from Feb. 17 to March 18, found 65% of buyers expected their first purchase to be their forever home....
Closed escrow sales of existing, single-family detached homes in California during March declined 3.5% month-over-month and fell 2.5% on year-over-year basis for the third straight month. According to data from the California Association of Realtors (CAR), total home...
