Home Flipping Market Hits Four-Year Low
While the pandemic turned lives upside down nationwide over the past year, the 2020 U.S. Home Flipping Report from ATTOM Data Solutions found that 241,630 single-family homes and condos in… Read more »
Tag: News
Spring Economic Growth to Support Housing Market
As the weather warms and COVID-19 vaccines roll out to more around the country, U.S. economic expansion is expected to accelerate this spring, with real GDP growth hitting 8.4% in… Read more »
Biden Extends Foreclosure Moratorium & FHA Updates DACA Loan Provisions
On the first day of his administration, President Joe Biden issued a slate of executive orders, including one that called on federal departments and agencies to extend their bans on… Read more »
Nearly 40% Fewer Homes for Sale Since Last Year
The number of U.S. homes for sale dipped below 700,000 for the first time, setting a new low mark for listed inventory, according to the Monthly Housing Trends Report published… Read more »
Housing Market Will Stay ‘Hot’ in the New Year
There’s no shortage of people ready, willing, and able to buy homes, according to the latest report from Redfin. In fact, the four-week period ending on December 13 has shown… Read more »
Experts Anticipate ‘Strong Activity’ for the 2021 Housing Market
The National Association of Realtors (NAR) released a 2021 consensus outlook on the economy and housing market at its virtual Real Estate Forecast Summit. The consensus includes predictions from more… Read more »
FHA Announces New Automated Underwriting System for Lenders
The Federal Housing Administration (FHA) has launched a new automated underwriting system (AUS) for single family forward mortgages. The “FHA Catalyst: Single Family Origination Module –AUS” enables lenders to electronically… Read more »
A Move Away From Entry-Level Homes?
The Mortgage Banker’s Association or MBA recently released the results of a survey for the week ending on October 2, 2020. The volume of mortgage loan applications increased by 4.6%… Read more »
The State of Americans’ Home Equity
The most recent of CoreLogic’s quarterly reports on Americans’ home equity shows that, nationwide, homeowners with mortgages (approximately 63% of all properties, according a 2016 American Community Survey) have experienced… Read more »
Peak Homebuying Season Arrives Late
Realtor.com predicted the peak of home buying season will be in August this year as opposed to the usual May. “Real estate activity in the U.S. has regained its strength… Read more »