The current challenges to increasing the homeownership gap
The current challenges to increasing the homeownership gap
While the homeownership rate in the U.S. has increased overall throughout the pandemic, this is not the same for all Americans. NAR's Jessica Lautz breaks down the latest data.
The post The current challenges to increasing the homeownership gap appeared first on HousingWire.
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While the homeownership rate in the U.S. has increased overall throughout the pandemic, this is not the same for all Americans. NAR's Jessica Lautz breaks down the latest data.
The post The current challenges to increasing the homeownership gap appeared first on HousingWire.
While the homeownership rate in the U.S. has increased overall throughout the pandemic, this is not the same for all Americans. NAR's Jessica Lautz breaks down the latest data.
The post The current challenges to increasing the homeownership gap appeared first on HousingWire.
The gap in the homeownership rate between black and white families in the US is bigger today than it was 50 years ago. Read about how we ended up here:
The post The History of Americaโs Black Homeownership Gap appeared first on Homie Blog.
The gap in the homeownership rate between black and white families in the US is bigger today than it was 50 years ago. Read about how we ended up here:
The post The History of Americaโs Black Homeownership Gap appeared first on Homie Blog.
Nearly three-quarters of Americans say owning a home is a higher measure of achievement than having a successful career, raising a family or earning a college degree, according to a new survey. But affordability remains a challenge for many of them. The survey, released in March for Bankrate.com, a financial services company, found that 74 percent of respondents ranked homeownership as the highest gauge of prosperity, above having a career (60 percent), children (40 percent) and a college educat...
Nearly three-quarters of Americans say owning a home is a higher measure of achievement than having a successful career, raising a family or earning a college degree, according to a new survey. But affordability remains a challenge for many of them. The survey, released in March for Bankrate.com, a financial services company, found that 74 percent of respondents ranked homeownership as the highest gauge of prosperity, above having a career (60 percent), children (40 percent) and a college educat...
4 Things to Know About the Current Housing Market Blog posted On July 19, 2022
2022 has been a whirlwind for the housing market. Mortgage rates have been steadily climbing since the beginning of the year, inflation has hit a 40-year high, and home prices are soaring. But itโs not all bad news. In fact, several market conditions are beginning to shift in favor of home buyers. Danielle Hale, chief economist at Realtor.com, shed some light with four things buyers shoul...
4 Things to Know About the Current Housing Market Blog posted On July 19, 2022
2022 has been a whirlwind for the housing market. Mortgage rates have been steadily climbing since the beginning of the year, inflation has hit a 40-year high, and home prices are soaring. But itโs not all bad news. In fact, several market conditions are beginning to shift in favor of home buyers. Danielle Hale, chief economist at Realtor.com, shed some light with four things buyers shoul...
4 Ways to Avoid Overpaying in the Current Housing Market Blog posted On July 26, 2022
Making offers higher than the asking price was routine during the pandemic. Because the market was so competitive, most people who wanted to โwin the homeโ would end up paying much more than the listing price. But as home buyer demand cools and home inventory climbs, overbidding will become much less common. If youโre looking to buy now, remember this isnโt the housing market ...
4 Ways to Avoid Overpaying in the Current Housing Market Blog posted On July 26, 2022
Making offers higher than the asking price was routine during the pandemic. Because the market was so competitive, most people who wanted to โwin the homeโ would end up paying much more than the listing price. But as home buyer demand cools and home inventory climbs, overbidding will become much less common. If youโre looking to buy now, remember this isnโt the housing market ...
The Housing Market Continues To Cool Down Amid Affordability Headwinds Rising mortgage rates and elevated home prices are scaring off prospective home buyers. getty Rising mortgage rates and elevated home prices are scaring off prospective home buyers. In the face of economic headwinds, the housing market continued to cool down in September, though rebalancing from monumental appreciation is producing vastly different conditions depending on region and metro, according to Zillowโs latest mark...
The Housing Market Continues To Cool Down Amid Affordability Headwinds Rising mortgage rates and elevated home prices are scaring off prospective home buyers. getty Rising mortgage rates and elevated home prices are scaring off prospective home buyers. In the face of economic headwinds, the housing market continued to cool down in September, though rebalancing from monumental appreciation is producing vastly different conditions depending on region and metro, according to Zillowโs latest mark...
The tight housing supply, the extreme demand by buyers, and the overall irregular conditions we've faced for the last couple of years have made the housing market prime for home sellers. And, these conditions have also made it incredibly difficult for buyers and renters who are looking for housing.
The tight housing supply, the extreme demand by buyers, and the overall irregular conditions we've faced for the last couple of years have made the housing market prime for home sellers. And, these conditions have also made it incredibly difficult for buyers and renters who are looking for housing.
As mortgage professionals, it is our duty to support homeownership in the communities we serve with sustainable home financing opportunities. Luckily, advancements in evaluating consumersโ ability to repay have arrived and can enable lenders to adopt responsible and more inclusive lending practices.
The post The role of consumer transaction data in increasing homeownership access appeared first on HousingWire.
As mortgage professionals, it is our duty to support homeownership in the communities we serve with sustainable home financing opportunities. Luckily, advancements in evaluating consumersโ ability to repay have arrived and can enable lenders to adopt responsible and more inclusive lending practices.
The post The role of consumer transaction data in increasing homeownership access appeared first on HousingWire.
One of the nationโs largest banks is seeking to help rectify decades of housing discrimination against communities of color. Bank of America announced this week that it will be offering zero down payment mortgages for first-time homebuyers in historically Black and Hispanic neighborhoods in five U.S. cities. Borrowers would be able to qualify for these loans by showing on-time rent, utility, and other payments, and wouldnโt be on the hook for closing costs. While many real estate experts lau...
One of the nationโs largest banks is seeking to help rectify decades of housing discrimination against communities of color. Bank of America announced this week that it will be offering zero down payment mortgages for first-time homebuyers in historically Black and Hispanic neighborhoods in five U.S. cities. Borrowers would be able to qualify for these loans by showing on-time rent, utility, and other payments, and wouldnโt be on the hook for closing costs. While many real estate experts lau...