A lack of buyers in the market has pushed a near-record share of homeowners to rent out their properties, industry data shows. Processing Content Units owned by “accidental landlords” accounted for 2.3% of the listed rental stock in October, according to research from Zillow. That’s more than any share in Zillow’s nearly six-year record, outside […]
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A new look at the country’s most at-risk housing markets finds Florida and California leading all states in the number of counties vulnerable to declines. Processing Content Florida communities made up 16 out of the “leading” 50 markets on the list, according to the latest housing risk report from real estate intelligence platform Attom. The
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Housing inventory ticked up on an annual basis for the 28th consecutive month in February, but growth continued to flatten, underlining a trend losing momentum. Processing Content Active listings grew 7.9% year over year in February, but just 0.2% month over month, reaching more than 914,000 homes on the market, according to Realtor.com’s monthly housing
Housing inventory recovery slows for ninth straight month Read More »
The early reaction to the Iran conflict, with mortgage rates rising back above 6%, might be tempering an otherwise very positive outlook regarding the spring homebuying season. Processing Content The 10-year Treasury yield, one of the benchmarks used in pricing mortgages, had finally broken through the 4% floor on Feb. 27 to a 3.96% close.
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Lenders may find outsized demand for renovation loans in the nation’s smaller housing markets. Processing Content Residents in states like New Hampshire and Rhode Island applied for more remodeling and home improvement loans per capita in 2024 than those in California and Texas, according to a National Association of Home Builders analysis. The trade group,
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The housing supply gap expanded in the United States last year, driven by continued underbuilding, new industry data shows. Processing Content The gap hit an estimated 4.03 million homes, an increase from 3.8 million in 2024, according to the 2026 Housing Supply Gap Report from Realtor.com. This marked the third-largest annual deficit since 2012, behind
Underbuilding expands housing supply gap to 4 million Read More »
Former Federal Housing Commissioner Brian Montgomery is joining VA lender Newday USA as vice chairman of its advisory board. Processing Content “Brian’s record of leadership at the highest levels of federal housing finance speaks for itself,” said Rob Posner, CEO of Newday USA in a press release. “As we continue to set new standards and
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The national delinquency rate cooled last month, while foreclosure activity hit its highest level since early 2020, a new industry report shows. Processing Content Delinquencies fell by three basis points to 3.65% in January, 15 basis points below prepandemic levels, but foreclosure starts caught up with its 2020 numbers last month, totaling 42,000, according to
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US mortgage rates slipped last week to the lowest level since 2022, generating more refinancing activity. Processing Content The contract rate on a 30-year mortgage dropped 8 basis points to 6.09% in the week ended Feb. 20, according to Mortgage Bankers Association data released Wednesday. The rate on five-year adjustable mortgages fell to 5.23%, also
Mortgage rates reach lowest since 2022, boosting refinancing Read More »
Sellers significantly outnumbering buyers in the market and economic uncertainty have caused a record number of home sales to fall through, a new industry report found. Processing Content Nearly 40,000 home-sale agreements were cancelled in January, according to a Redfin analysis of pending sales data. That’s 13.7% of homes that went under contract in the
Buyers back out of home-sale deals at record rate in January Read More »