Housing Wire

Housing Wire

The No. 1 U.S. market just got more affordable

Affordability continues to drop as home prices and interest rates rise and homebuyer demand grows. But in one market, the price for new homes just dropped, making it just a little more affordable for first-time homebuyers. Here’s why. Via:: The No. 1 U.S. market just got more affordable       

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Bottom's up: Here are 10 markets projected to see depreciation

Veros’ Eric Fox breaks down the U.S. markets with lowest projected appreciation. Since the previous quarter’s report, 10 MSAs predicted to depreciate or remain unchanged over the next year, seven moved up and out of the bottom list this quarter. Read more to find out which markets made the list. Via:: Bottom’s up: Here are 10 markets projected to see …

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Trump administration calls for sweeping changes to financial ecosystem

By blane@housingwire.com The Trump administration on Tuesday called for a series of changes to the country’s financial and mortgage ecosystems that, if enacted, would supercharge the financial industry’s technological revolution, upend the current regulatory environment, and potentially change the face of mortgage lending. Via:: Trump administration calls for sweeping changes to financial ecosystem       

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Relax, underwriters, it’s just rural

Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization. Via:: Relax, underwriters, it’s just …

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An inside look at the battle over AVMs

[Expert commentary] There’s a serious battle being waged right now over automated valuation models. Some in the housing industry love AVMs, while others despise them. And AVMs only seem to be growing in popularity. But what happens if one company gets accused of stealing another company’s AVM formula? Via:: An inside look at the battle over AVMs       

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Core Logic: Mortgage rates average a 7-year high

Home prices continued to climb in May, according to the latest Home Price Index report from CoreLogic. CoreLogic President and CEO Frank Martell says even in the most expensive markets, renters are four times more likely to purchase than homeowners are willing to sell. Via:: Core Logic: Mortgage rates average a 7-year high       

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