U.S. Housing Market
Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
At the other end of the spectrum, about 2.8% of mortgaged residential properties were considered seriously underwater in the third quarter. Continue Reading Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
Pennsylvania Home Sales Up 10% Year-Over-Year
The median home price continued to hold steady at $299,900. Continue Reading Pennsylvania Home Sales Up 10% Year-Over-Year
Report: Large Banks Originating More ARMs
“Future reset risk is mitigated by large banks’ continued focus on lending to borrowers with high credit scores and low leverage,” the report said. Continue Reading Report: Large Banks Originating More ARMs
Mortgage Rates Record New Uptick
The 30-year fixed-rate mortgage averaged 6.72% as of July 10. Continue Reading Mortgage Rates Record New Uptick
Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
About one in six (16%) respondents said Airbnb hosts deserve to have their property damaged. Continue Reading Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
Zillow: Half of All Homebuyers Are First-Timers
Nearly half of first-time buyers are millennials and about one-quarter are Gen Zers. Continue Reading Zillow: Half of All Homebuyers Are First-Timers
MBA: Purchase Loan Applications at 28-Year Low
The adjustable-rate mortgage share of activity increased to 7.6% of total applications, its highest level in five months. Continue Reading MBA: Purchase Loan Applications at 28-Year Low
Foreclosure Inventory Hits 15-Month Low
Among the states, Mississippi had the highest non-current percentage at 7.65% and Colorado had the lowest with 1.95%. Continue Reading Foreclosure Inventory Hits 15-Month Low
FHLBNY Awards $42 Million for 42 Affordable Housing Initiatives
The funding will result in the creation, rehabilitation or preservation of 2,693 units, including 1,945 units dedicated to very low-income housing. Continue Reading FHLBNY Awards $42 Million for 42 Affordable Housing Initiatives
Alabama Home Sales and Prices Declined in July
Alabama had 12,259 active listings at the end of July, up 9% from the 11,244 one year ago. Continue Reading Alabama Home Sales and Prices Declined in July
Existing Home Sales Down 16.6% From Last Year
The median existing-home price for all housing types in July was $406,700, an increase of 1.9% from the $399,000 one year earlier. Continue Reading Existing Home Sales Down 16.6% From Last Year
Texas Metros Top New Study for Best Real Estate Markets
The WalletHub study ranked five Lone Star localities among its top 10 markets. Continue Reading Texas Metros Top New Study for Best Real Estate Markets
MBA: Loans in Forbearance Account for 0.39% of Servicers’ Portfolio Volume
The states with the lowest share of loans that were current were Louisiana, Mississippi, Indiana, New York, and West Virginia. Continue Reading MBA: Loans in Forbearance Account for 0.39% of Servicers’ Portfolio Volume
Mill Creek Residential Expands Into Utah Market
Mill Creek’s regional office in Salt Lake City is the 21st for the company. Continue Reading Mill Creek Residential Expands Into Utah Market
A Phil Hall Op-Ed: 5 Housing Questions to Ask at the GOP Presidential Debate
The issues include GSE reform, increasing the homeownership rate among Black Americans and addressing the growing level of homelessness. Continue Reading A Phil Hall Op-Ed: 5 Housing Questions to Ask at the GOP Presidential Debate
