Still No Answer
Almost one quarter of the year is finished, and we still do not have an answer. By now we were supposed to be experiencing the start of a “mild” recession. Yet interest rates have
The U.S. has lost 58 ‘million-dollar’ cities since the market’s peak in July
The rebalancing of the housing market has been felt the most in areas where affordability is stretched There are currently 464 U.S. cities where the typical home value is $1 million or more. There were 522
Rental Market Tracker: Rents Drop To Lowest Level In A Year
The median U.S. asking rent is up just 1.7% from a year ago—the smallest gain since May 2021—as landlords grapple with vacancies due to still-high rental costs and rising supply. The median U.S. asking
LoanCare Will Use Black Knight Loss Mitigation Solution to Help Homeowners Who Need Mortgage Payment Assistance
Renews Agreement for Black Knight MSP Loan Servicing System Today, Black Knight, Inc. (NYSE: BKI) announced that LoanCare, a top national provider in full-service, component and interim mortgage loan subservicing, will implement the Black Knight Loss Mitigation solution to
Mortgage Rates Continue Their Upward Trajectory
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.73 percent. “Mortgage rates continue their upward trajectory as the Federal Reserve signals a more
CoreLogic: High Mortgage Rates Kept Southern California’s Annual Median Home Price Growth Flat in January
Only one of six counties in the region saw a year-over-year price gain in the first month of 2023 CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released its monthly Southern
Million-Dollar Homes Are Becoming Less Common As High Mortgage Rates Cool The Market
The share of U.S. homes worth at least $1 million has fallen to 7% from 8.6% last June as the housing market cools. Just over 7% of U.S. homes are worth $1 million or
Milliman analysis: Mortgage default risk remained flat at 2022 year-end; Mortgage originations at lowest levels since 2019
Refinance originations at their lowest levels since 2014 Milliman, Inc., a premier global consulting and actuarial firm, today announced the fourth quarter (Q4) 2022 results of the Milliman Mortgage Default Index (MMDI), which shows
U.S. FORECLOSURE ACTIVITY DECLINES MONTHLY IN FEBRUARY 2023 BUT CONTINUES TO INCREASE ANNUALLY
Overall Foreclosure Activity Down 3 Percent from January 2023; While Foreclosure Completions Increase 45 Percent Last Year ATTOM, a leading curator of land, property, and real estate data, today released its February 2023 U.S. Foreclosure Market Report, which shows there were a
Zillow’s panel of experts: Fix zoning to improve housing affordability
Economists and housing experts overwhelmingly agree that zoning reform is one of the best ways to make homes more affordable. Experts believe local jurisdictions need to streamline and ease the approval process for new