Home prices are up in 71% of the nation, according to ATTOM's 2023 U.S. Home Sales Report. With the U.S. median home price hitting another record in Q3, profit margins on typical home sales increased to nearly 60% nationwide.
Read More »Fay Financial Adds Cari Gordon as Chief Audit Officer
With nearly 30 years in the industry, including time spent at both Fannie Mae and Freddie Mac, Cari Gordon joins Fay Financial to oversee the company’s integrated, risk-based audit plan.
Read More »Biden Administration Invests in Climate Resilience Upgrades for Low-Income Households
HUD Secretary Marcia L. Fudge said, “The Green and Resilient Retrofit Program continues to improve our nation’s climate resilience by making sure low-income families and individuals have access to affordable housing that is strong, healthy, and energy efficient.” Click through to learn more.
Read More »Housing Dynamics Closely Mirror Those of the Early 1980s
The current housing market is similar to the market of the 1980s. History doesn’t repeat itself, but it often rhymes, says First American Chief Economist Mark Fleming.
Read More »Rent-Burdened Households Reach Their Highest Level in More Than a Decade
The share of renters who are cost-burdened has risen to the highest level since 2012, according to a new survey from Apartment List. Here’s how many households were rent burdened in America in 2022 per U.S. Census data.
Read More »Florida Court Hears Foreclosure Case Despite a Notice of Removal to Federal Court
Attorney Kathleen Achille examines a recent Florida Circuit Court case where the lender was allowed to proceed with its foreclosure case in a state trial court, even with the borrowers’ notice of removal to federal court.
Read More »Average Home Price Now Demands Above-Average Salary
It’s no secret that would-be homeowners have been struggling against headwinds of home prices and inflation, but just how much does a typical person need to make to afford a home right now? A new report shines a spotlight on the modern homebuyer’s struggle.
Read More »Who’s Bearing the Brunt of Rent Increases?
While annual single-family rent growth slowed in August, marking the 16th consecutive month of declines, a new report from CoreLogic revealed that rents have increased by 30% nationwide since February 2020. Click through to see how the numbers break down.
Read More »Putting Forbearances Under the Microscope
MBA forecasts that unemployment increases, a rise in property taxes, the resumption of student debt payments, and the potential for natural disasters will impact loan performance in the future months. Here’s what September’s forbearance data reveals.
Read More »HUD Launches Latino Task Force
In line with Hispanic Heritage Month, the Department of Housing and Urban Development has launched a new task force dedicated to empowering the Hispanic community and bridging disparities in housing, procurement, and housing practices.
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