Roughly one-third (30%) of 25-year-olds owned their own homes in 2022, according to new data published by Redfin (NASDAQ:RDFN). This healthy percentage of Gen Z homeowners can be attributed to the pandemic era, when young adults who enjoyed strong financial health in...
New York experienced the 41st consecutive month of year-over-year housing inventory declines in March, resulting in few sales and lower prices, according to new data from the New York State Association of Realtors (NYSAR). The Empire State’s for-sale home inventory...
After five consecutive weeks of being in decline, mortgage rates did an about-face and to an upswing, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTC:FMCC). The 30-year fixed-rate mortgage averaged 6.39% as of April 20, up from...
Existing home sales fell by 2.4% from February to March to a seasonally adjusted rate of 4.44 million, according to new data from the National Association of Realtors (NAR). On a year-over-year basis, sales dropped by 22% from the 5.69 million level from March 2022....
Independent mortgage banks (IMBs) transact more home loans in low- and moderate-income (LMI) neighborhoods and predominantly minority neighborhoods than and banks, according to a new report coordinated by the Urban Institute on behalf of the Mortgage Bankers...
The Federal Deposit Insurance Corp. (FDIC) has begun selling mortgage-backed bonds from Silicon Valley Bank and Signature Bank (OTC:SBNY). The Wall Street Journal reported the FDIC put up $700 million of high-quality mortgage-backed bonds yesterday as part of an...
