The share of mortgage loans that became delinquent in April outpaces anything seen during the Great Recession and is the highest rate on record in 21 years, according to CoreLogic’s data. During the month of April, 3.4% of mortgages went from current to 30 days past due, outpacing the 2% high recorded in late 2008.
Read More
Foreclosure filing have sagged to an all-time low in the first six months of the year, according to ATTOM Data Solution’s Midyear 2020 U.S. Foreclosure Market Report.
Read More
Redfin’s report on housing reveals that for the week ending on July 5, home sales rose once more. Specifically, home sales rose by 2% when compared to pre-pandemic home sales.
Read More
The housing markets most vulnerable to impacts from the Coronavirus pandemic tend to be located along the West Coast, clustered around New York, Baltimore, and Washington, D.C., and numerous markets in the Chicago area, according to a special report from ATTOM Data Solutions.
Read More
Weekly initial unemployment claims came in at 1.3 million for the week ending July 4, a decline of 99,000, according to the Department of Labor.
Read More
Interest rates fell from April to May, opening the door to that segment scoring the lowest average interest rate on 30-yer loans since January 2016, when Ellie Mae started monitoring the data.
Read More
The Federal Housing Finance Agency (FHFA) announced that the GSEs—Fannie Mae and Freddie Mac—will extend several loan origination flexibilities until August 31. These flexibilities were set to expire on July 31, 2020.
Read More
Details from a recent survey conducted by the National Association of Realtors (NAR) revealed that the vast 9 out of 10 of its expert members believe that the housing industry is on its way to recovery. While many states across the nation slowly edge toward reopening and the economy begins to climb its way out of its slump, hope seems to be on the rise among NAR’s agents.
Read More
Today, more than 30% of the income of over 3 million renters there go toward rent, while 1.7 million more pay more than 50%, according to a report from the Terner Center at the University of California at Berkley. Consequently, African-Americans, particularly, are being priced out of neighborhoods, cities and, in many instances, the state altogether.
Read More
The Federal Reserve has helped push mortgage rates to record lows. Whether rates fall any further, for the time being, is up to lenders, according to one market expert.
Read More
