New study pinpoints affordable market challenges while offering increased transparency The need for additional affordable housing inventory is a foundational issue for the market, a new Yardi® Matrix Research Bulletin on the affordable housing sector shows. With an increasing number of...
News Updates
REAL ESTATE INVESTOR OPTIMISM CONTINUES TO GROW IN THE THIRD QUARTER ACCORDING TO FALL 2024 RCN CAPITAL INVESTOR SENTIMENT INDEX
Investors predict that housing market conditions will continue to improve, and that Kamala Harris will be the victor in the 2024 Presidential election Real estate investor sentiment continued to improve, increasing by eight points from the previous quarter, according to the Fall 2024 RCN...
Redfin Reports Buyers Are Coming Back: Mortgage Demand Shoots Up, Home Tours Hit Highest Level Since May
Mortgage-rate locks rose 68% from a month earlier in the days after the Fed announced its interest-rate cut. Many house hunters had been waiting for the Fed’s cut before locking in a mortgage rate. Homebuyers locked in nearly 70% more mortgages than they did a month earlier on September 23,...
Simplist Technologies Officially Launches Sonar, the First-Ever Mortgage Experience Platform
New platform exits beta, empowering mortgage professionals with a unified, AI-enhanced solution that optimizes processes, increases productivity and fosters seamless collaboration Simplist Technologies, the innovator behind the award-winning mortgage marketplace Simplist, is excited to announce...
Zillow introduces First Street’s comprehensive climate risk data on for-sale listings across the US
For-sale listings on Zillow will now feature detailed climate risk information for five key categories — flood, wildfire, wind, heat and air quality — along with insurance recommendations Zillow® is introducing climate risk data, provided by First Street, the standard for climate risk financial...
HOME OWNERSHIP SLIGHTLY MORE AFFORDABLE ACROSS U.S. IN THIRD QUARTER BUT STILL DIFFICULT FOR AVERAGE WORKERS
Major Home-Ownership Expenses Consume 34 Percent of National Average Wage; Portion Ticks Downward as Home-Price Spike Eases and Mortgage Rates Drop; Historical Affordability Also Inches Up While Remaining Weak ATTOM, a leading curator of land, property data, and real estate analytics, released its...
ICE First Look at Mortgage Performance: Mortgage delinquencies remain low despite modest year-over-year rise
The national delinquency rate fell 3 basis points (bps) to 3.34% in August, dropping 0.9% for the month but up 5.1% from last year The number of borrowers a single payment past due dropped by -26K, while 60-day delinquencies rose marginally by 1K Serious delinquencies (loans 90+ days past due but...
Typical Swing State Renter Earns 17% Less Than Needed to Afford a Typical Apartment—An Improvement From the Last Presidential Election
During the last election cycle, the typical swing state renter household earned 21% less than they needed to afford the median priced apartment The typical renter household in a swing state earns an estimated $50,267 per year—$10,365 less than the $60,633 a renter must earn to afford rent for the...
Realtor.com® August Rental Report: Rental Affordability Has Generally Improved In Most Major U.S. Markets
Most Affordable Markets Include Oklahoma City, Okla., Columbus, Ohio and Austin, Texas and Least Affordable Markets Include Miami, Los Angeles and New York Despite seasonally driven demand, rents across the U.S. dipped by $5 (or -0.3%) year-over-year and nationwide to a median rent of $1,753,...