Celebrity real estate agent Mauricio Umansky is sounding the alarm over the “perfect storm of total unaffordability” brewing in the housing market. Mauricio Umansky, The Agency founder and CEO, reacted to the state of the […]
In January, the number of properties with a foreclosure filing inched up on both a monthly and a yearly basis, according to a report released Tuesday by Attom Data. In total, 33,270 U.S. properties […]
The Federal Reserve has decided to keep rates at their current rate of 5.25% to 5.5%. The central bank’s policy making Federal Open Market Committee stated that “economic activity has been expanding at a solid […]
Despite cooling interest rates, the title insurance segment at Big Four title firm Old Republic recorded a 22.8% annualized decline in net premiums and fees during the fourth quarter of 2023, which contributed heavily […]
One real estate investor is bearing witness to the start of the industry’s “greatest” correction he’s ever seen. “I just want to say that we’re entering the greatest real estate correction in my lifetime,” private […]
US homebuyers are becoming more willing to purchase properties even as interest rates stay high, according to a study by Bank of America published on Monday. About 62% of respondents said they would wait for borrowing […]
Affordability headwinds continued in the mortgage industry with mortgage rate lock volume remaining virtually flat in October. Both purchase and refinance volumes continued to wane in the face of the highest mortgage rates in over […]
Only 37.4% of new and existing homes sold during the third quarter were affordable to families earning the median income of $96,300, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Opportunity […]
Soaring interest rates and a higher-for-longer policy will take its toll on the economy, according to Fannie Mae’s Economic and Strategic Research (ESR) group. “The cause of the recent run-up in long-term rates is multifactorial […]
A reduction in adjustable mortgage rates led some cost-stressed borrowers to forsake fixed-rate security and drove mortgage application volume up slightly during the week ended October 6. The Mortgage Bankers Association (MBA) said its […]
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