Lack of inventory, declining housing affordability cited most often.
Katie Jensen is a mortgage news reporter at NMP.
Lack of inventory, declining housing affordability cited most often.
Renters, including historically underserved groups, will benefit from paying on time each month.
Foreclosure starts had a 15% jump in activity from July but remain 44% below pre-pandemic levels.
If sales keep dropping and inventory keeps growing, we may reach a buyer's market by December.
The typical resale price on flipped homes reached another all-time high of $328,000.
U.S. private mortgage insurance (PMI) hit record profitability in the second quarter of 2022.
Urban Institute says borrowers of color would most likely see the greatest benefits.
CFPB report also reveals the official end to the refinance boom and shift to home purchase loans in 2021.
A result of elevated interest rates, supply chain disruptions, and high home prices.
31.4% of U.S. home purchases were paid with all cash in July.