According to a new StorageCafe study, while Florida boasts two of the top three metropolitan areas for retirees, half of the nation’s best retirement destinations were found in the Northeast, with New York's New York City and Albany atop the list.
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Fannie Mae: Recession Conditions Expected in Second Half of 2023
“Inflation has now been joined by financial stability concerns as threats to sustained growth,” said Doug Duncan, SVP and Chief Economist for Fannie Mae.
Spring Homebuying Season Kicks Off With Steady Demand
According to a new Redfin report, homebuying demand persists as mortgage rates declined for the second consecutive week after the Fed announced it will only modestly hike interest rates.
Single Women’s Homeownership Rate Falls
The single women’s homeownership rate declined in 2022 for the first time since 2016, with a slide of 4.1 percentage points from its peak of nearly 27% in 2021.
The Week Ahead: Senate to Probe Recent Downfalls in the Nation’s Banking System
An upcoming Senate Banking Committee hearing will discuss the state of the nation’s banking system, and how the nation’s bank regulators have resolved these institutional failures.
Where Single-Family Homes Are Cheaper Than Condos
According to a Point2 study, American respondents said transitioning from a condo to a house would be easier in 20 of the largest U.S. cities analyzed.
Gross Profits on Home Flips Fall to $68k Per Flip
According to a new report from CoreLogic, Southwestern counties ranked highest in a recent “Safest Place to Live” study, offering homeowners in those areas more protection from some...
Study: The Unintended Consequences of Rent Control Policies
Across America, rent control policies reduce investment and development, according to a study from the National Apartment Association that examines how rent control is hurting housing supply...
Spring Homebuyers Greeted by Another Dip in Mortgage Rates
Mortgage rates fell for the second consecutive week, spurring a jump in mortgage apps at the outset of the spring homebuying season.
A Cooling Market Is Pushing Back on High Down Payments
The correlation between the asking price and the size of the down payment is behaving as expected—as the housing market has cooled over the past year, down payment amounts are down by 10%.
Americans Struggling to Pay Rent as Affordability Worsens
"The general rule of thumb is that you shouldn't spend more than 30% of your income on housing, but the data shows that in eight of the 50 largest metros, many renters are doing just that," said...
Mortgage Apps Gain for the Third Consecutive Week
The dip in mortgage rates has kicked the spring homebuying season off on the right foot, as the MBA reports overall app volume on the rise for the third straight week, amid uncertainty over the...
FOMC Raises Rates Yet Again in Inflationary Battle
The historic ninth increase of interest rates in just over a year occurred at the conclusion of the Federal Open Market Committees March meeting. Click through to find out how much rates are going...
Existing Home Sales Rise for First Time in 12 Months
"Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines," said NAR Chief Economist Lawrence Yun.
Single-Family Rent Price Growth Experiences Lowest Appreciation Rate Since 2021
According to a new CoreLogic report, single-family rent price growth was up by nearly 6% year-over-year in January, marking the lowest rate of appreciation since the spring of 2021.
Interest Rates Sidelining Home Sellers
According to a new market report from Zillow, high interest rates caused new listings to hit a record low in February, frustrating willing homebuyers nationwide.
Fairway Independent Mortgage Bolsters Its Reverse Lending Ops
The addition of Dan Ventura as its new VP of Reverse Operations follows the formalization of the company’s Regional Reverse SVP program, and the addition of eight new SVPs.
Cash-Out Refis Could Trap Many Borrowers
The American Enterprise Institute and Center for Responsible Lending are jointly warning borrowers that cash-out refinances may worsen their financial stability for years to come by shouldering...
Lenders Offer Special Financing for Green Homes
Fannie Mae and Freddie Mac both offer special mortgages for green homes; federal and state programs also promote weatherization initiatives through grants for certain projects.
Home Sales Show Strong Increase Over January
While overall home sales remain down 24.4% year-over-year, February home sales increased nearly 17% from January, according to the RE/MAX National Housing Report.
Guild Mortgage Expands Reverse Division Through Acquisition of Cherry Creek
Through the purchase of Cherry Creek Mortgage, Guild Mortgage will integrate reverse mortgages into its traditional mortgage platform, using Guild’s nationwide retail team across nearly 300 branches.