Mortgage, US Real Estate

U.S. homeownership rate falls for first time in two years

By Mike Wheatley | April 30, 2019
The U.S. homeownership rate fell for the first time in two years to just 64.2% in the first quarter of 2019, down from 64.8% in the previous quarter, according to newly released Census Bureau data. Experts believe the falling rate might have something to do with rising home prices and a wobbling economy. Lower housing […]
Mortgage, Real Estate, US Real Estate

CoreLogic: Mortgage delinquencies spike following natural disasters

By Mike Wheatley | April 12, 2018
Natural disasters such as wildfires, flooding and hurricanes are having a considerable impact on mortgage delinquencies, according to new research from real estate analytics firm CoreLogic.
Featured News, Residential, US Real Estate

5 reasons why homeownership rates in the U.S. remain so low

By Mike Wheatley | June 13, 2017
Although local job markets are improving and borrowers can enjoy historically low mortgage rates, the U.S. homeownership rate remains stuck near a 50-year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions and housing supply shortages. Those are the findings of a new white paper titled, “Hurdles to Homeownership: […]
Zillow

Zillow study shows homes in black neighborhoods are twice as likely to be underwater

By Mike Wheatley | January 12, 2017
A new study from Zillow has found that homeowners in predominantly black communities are almost twice as likely to be "underwater" on their mortgages
Home Buying, Mortgage

Home buyer sentiment falls in face of mortgage rate rises

By Mike Wheatley | January 11, 2017
Mortgage rate increases are chipping away at home buyer sentiment, according to the latest reading from Fannie Mae’s Home Purchase Sentiment Index.
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