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CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income

CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income

by Phil Hall | Sep 27, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closing costs and monthly mortgage payments spiked last year while Black and Hispanic buyers faced higher levels of denial on home loans, according to the new report “Data Point: 2022 Mortgage Market Activity and Trends,” published by the Consumer Financial Protection...
WalletHub’s Best State To Live In Is…

WalletHub’s Best State To Live In Is…

by Phil Hall | Aug 14, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number crunchers at the personal finance website WalletHub have come up with another survey, this time ranking which states have the best and worst livability aspects. For WalletHub’s 2023’s Best States to Live In, the company compared the 50 states across 51 key...
Serious Delinquency Rate Crashes to 17-Year Low

Serious Delinquency Rate Crashes to 17-Year Low

by Phil Hall | Jul 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of serious delinquencies – defined as loans 90 days or more past due – dropped to 471,000 in June, the lowest since August 2006, according to new data from Black Knight Inc. (NYSE:BKI). June’s level is 177,000 loans lower (-27%) from one year earlier....
Ohio Homeownership Rate Drops to Record Low

Ohio Homeownership Rate Drops to Record Low

by Phil Hall | Jul 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homeownership rate for Ohio tied its lowest recorded level, according to a report from the Dayton Daily News. The state’s homeownership rate was 66% in 2022. The only time the rate fell that low was in 2017 – the rate has been tracked since 1984. The highest rate...
Survey: Most Younger Homeowners Are Spying on the Value of Friends’ Homes

Survey: Most Younger Homeowners Are Spying on the Value of Friends’ Homes

by Phil Hall | Jun 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The concept of keeping up with the Joneses has a new digital twist as most younger Americans go online to spy on the value of their friends’ homes. According to a new survey by Mphasis Digital Risk of 1,386 adults ages 46 and younger, the majority (66%) acknowledged...
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