Redfin (NASDAQ: RDFN) has unveiled Redfin Redesign, an AI-powered tool that enables consumers to change the appearance of walls, floors and countertops in their home photos. With Redfin Redesign, a consumer selects an eligible home their Redfin search results and then...
Consumer sentiment regarding the housing market remains low, according to the latest Home Purchase Sentiment Index (HPSI) published by Fannie Mae (OTCQB: FNMA). For November, the HPSI dropped by 0.6 points from the previous month to 64.3, keeping it within the bounds...
At the Richmond Fed, we serve Virginia but also the District of Columbia, Maryland, West Virginia and the Carolinas. We are constantly on the ground working to better understand the economy. Just last year we had over 1,700 community engagements. These meetings take...
Housing affordability in California slumped to its lowest level since 2007, according to data from the California Association of Realtors (CAR). Fewer than one in five home buyers (15%) were able to afford a median-priced, existing single-family home in California...
A down payment on a home across the nation’s 50 largest metros averages $84,499, according to a new study from LendingTree (NASDAQ:TREE). This sum is slightly lower than the average of $84,983 recorded one year earlier. LendingTree noted that none of the 50 largest...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
