Investor home purchases hit lowest second-quarter level since 2020
The decline comes as investors face the same pressures as individual buyers; high borrowing costs, elevated prices and economic uncertainty.
Affordability
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Homeownership among Black Americans drops to 4-year low
Results were down roughly 1.5% from this time last year and marked the steepest annual decline since the third quarter of 2021.
US housing market value hits record $55T, but growth is slowing
New York posted the biggest gain — equal to about one-quarter of the nation’s increase — while values in Florida and California fell.
Los Angeles ‘mansion tax’ fuels record affordable housing funding
Most of the money — $316 million — comes from Measure ULA, a transfer tax on property sales above $5 million that voters approved in 2022.
HUD Innovative Housing Showcase begins Saturday
Exhibits include entire model homes — ranging from manufactured and modular to 3D-printed — developed by companies from across the U.S.
Housing market risk steepest in southern, western areas
Of the 50 riskiest counties, 14 were in California and seven were in Florida. New Jersey had five and Louisiana had four.
Kimber White’s vision for NAMB: Affordable housing and enhanced mortgage education
Kimber White is set to return as NAMB president on Oct. 1, where he’ll focus on advocating for housing affordability and mortgage education.
Click n’ Close pairs 5/1 ARM with down payment assistance for new homes
The program — called the SmartBuy 5/1 ARM Down Payment Assistance product — offers a first mortgage alongside a repayable second mortgage.
$12.7 trillion in US homes face severe climate risks
Data shows threats from flooding, hurricane winds and wildfires increasingly reshaping housing markets and insurance availability.
This year’s homebuyers need larger rate drops for refi benefits
A Neighbors Bank analysis found that a 0.25-point interest rate decline left the average borrower $2,424 underwater after three years.