NAR has found that the share of first-time homebuyers has contracted by 50% since 2007, as affordable inventory continues to run scarce for those just entering the market
NMP Managing Editor Eric C. Peck has 25-plus years’ experience covering the mortgage industry. He graduated from the New York Institute of Technology, where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career in New York City with Videography Magazine before landing in the mortgage finance space. He has edited three published books, and has also served as Copy Editor for Entrepreneur.com.
NAR has found that the share of first-time homebuyers has contracted by 50% since 2007, as affordable inventory continues to run scarce for those just entering the market
A veteran of the U.S. Navy, John Bell III spent nearly 15 years serving the homeownership needs of the nation’s veterans before his passing
A group of 11 U.S. Senators have sent an inquiry to Acting CFPB Director Russell Vought voicing concerns over recent comments over shutting down the Bureau
Through new messaging feature, every listing conversation stays organized in a single thread, reducing app-hopping and missed messages that can slow a buyer's momentum
Home sales under contact remained relatively the same as August with an uptick in sales forecast on the horizon, as lower rates, improved affordability, and higher inventory begin to draw more buyers back into the market
Nearly one full month into the federal government shutdown, markets where many households rely on federal employment are seeing homebuyers take a brief step back as uncertainty persists
Amid a lingering government shutdown and weakening labor market, the Federal Reserve has reduced interest rates by 0.25 percentage points at the conclusion of its October Federal Open Market Committee meeting
Former president of the GSE returns in new role after 20-plus years of leadership, bringing more than 30 years of experience in mortgage credit, finance, and capital markets to his new role as an advisor
A new study reveals that potential homebuyers are increasingly bailing before hitting the closing table, as 15% of homebuying contracts were canceled in the month of September
Pending home sales jumped 17% year-over-year in San Francisco in September — more than any other major metro, as the typical home also sold in roughly 20 days, more than twice as fast as the typical U.S. home