Georgia’s housing market presents stark contrasts. The state reports a median 70 days on market for single-family homes. HW Data highlights a sharp divide, with some Georgia metros selling in weeks while others take months to turn. Quick-selling metros Hinesville-Fort Stewart leads the state’s larger markets with homes selling in a median of 42 days. […]
Georgia metros show sharp divide in days on market Read More »
In the national housing market, states with the most active listings show wide differences in how quickly homes sell. HW Data shows California moving inventory the fastest, while Florida and Texas take longer despite carrying larger supply. California sets the pace California carries 57,065 active listings and a 63-day median time on market. Months’ supply
Inventory-heavy states show wide gaps in sales speed Read More »
Jobs week ended with an eerie silence, as the government remains shut down and we didn’t receive the last two major reports for the week. Given that job growth has been slowing dramatically this year, it’s time to examine what is really going on. For me, the situation is straightforward: over the past 24 months,
What we know about the labor market, even without Jobs Friday data Read More »
In an effort to nudge older homeowners to tap into their home equity, the reverse mortgage space is expanding beyond federally backed offerings as lenders develop proprietary products with fewer restrictions. The push reflects a confluence of factors: rising home values, inflation, relatively high mortgage rates and a swelling population of Americans nearing or entering
Proprietary reverse loans give younger homeowners more options Read More »
Alabama’s housing market is splitting. Lower-priced homes are selling briskly, while higher-end listings linger, according to the latest HW Data. Affordable homes fuel pending sales Alabama’s entry-level homes are moving quickly. The state recorded 1,843 pending sales in its most affordable tier last week at a median price of $165,000 — well below the national
Alabama’s housing market reveals a growing affordability divide Read More »
For generations, the American Dream was synonymous with homeownership — a white picket fence, a backyard and the pride of owning a place to call your own. But today, that dream is undergoing a quiet transformation. With the national median home price now exceeding $426,000, according to NAR, the goal for many Americans has shifted
From rates to reality: why innovative homeownership alternatives matter now Read More »
The Federal Housing Administration (FHA) said Wednesday it will continue processing claims during the government shutdown but cannot endorse new Home Equity Conversion Mortgages (HECMs) until funding is restored. That information was confirmed by the National Reverse Mortgage Lenders Association (NRMLA). Because most reverse mortgages fall under the FHA’s HECM program, FHA loan endorsements stop
Government shutdown halts new reverse mortgage endorsements Read More »
Better announced on Wednesday the launch of its Bank Statement home equity line of credit (HELOC) aimed at the 36.2 million small business owners in the United States who often don’t fit within traditional underwriting standards. The new program lets self-employed borrowers access home equity without tax returns, W-2s or profit-and-loss statements. Instead, applicants can
Better launches bank statement HELOC for small business owners Read More »
Home prices are continuing to rise, but at a much slower pace. Home prices rose 1.7% nationwide in July, according to the S&P Cotality Case-Shiller Index released Tuesday. This pace is slower than the 1.9% annual growth recorded in June and marks the slowest pace of annual home price appreciation since July 2023. In comparison,
Home price growth drops to lowest level in two years Read More »
Home prices are continuing to rise, but at a much slower pace. Home prices rose 1.7% nationwide in July, according to the S&P Cotality Case-Shiller Index released Tuesday. This pace is slower than the 1.9% annual growth recorded in June and marks the slowest pace of annual home price appreciation since July 2023. In comparison,
Home price growth drops to lowest level in two years Read More »