There are more than five months of supply on the market, the most since early 2019. Homes are taking a long time to sell largely because housing costs are so expensive–but for buyers who can afford it, there are a fair amount of homes to choose from. Homes are selling at their slowest pace since the start of the pandemic as mortgage rates and home prices remain elevated, according to
Read MoreDespite recent increases in mortgage rates, January showed a promising change in seller activity as newly listed homes grew 37.5% month-over-month, according to the Realtor.com® January Monthly Housing Report. Out of the top 50 metros, Sacramento (+31.7%), Phoenix (+27.3%), and Seattle (+24.7%) experienced the greatest bumps in newly listed homes this January compared with the same time last year. “The shift in seller activity could mark a turning point in the high mortgage rate-induced standoff between buyers and
Read MoreEquity-Rich Portion of Home Mortgages Dips Slightly, but Nearly 95 Percent of Homeowners Continue to Have Property Wealth Built Up; Portion of Owners Seriously Underwater Stays Near Six-Year Low; Equity Measures Largely Unchanged as Home Prices Inch Upward ATTOM, a leading curator of land, property data, and real estate analytics, released its fourth quarter 2024 U.S. Home Equity & Underwater Report, which shows that 47.7 percent of mortgaged residential properties in the United
Read MoreDMS enters the market as one of the nation’s only Black-owned, Tier 1 providers, enabling lenders to meet their minority business spend targets and DEI goals Diverse Mortgage Services, one of the nation’s first Certified Minority Business Enterprise (MBE) mortgage services providers offering nationwide title and closing services to lenders, is excited to announce the official launch of its operations, marking a pivotal moment in the transactional mortgage services industry.
Read MoreThe new report explores fraud statistics from 2024 and educates the industry using collected real-world data on the latest fraud tactics and trends Snappt, the trusted leader in fraud detection for multifamily property management, released its 2024 Fraud Report: Data, Trends, and Strategies for 2025. The report provides insights from its internal database and discusses trends multifamily operators will see in 2025. After analyzing almost five million documents in 2024 alone, Snappt found that 6.4% of rental
Read MoreIntercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, reports the following “first look” at December 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Data as of Dec. 31, 2024 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.72%Month-over-month change: -0.60%Year-over-year change: 4.02% Total U.S. foreclosure pre-sale inventory rate:
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