Finance

December 20, 2017

Almost 50% of Renters Pay Too Much

Nearly half of all renter households – almost 21 million – were considered cost-burdened in 2016, according to a new report from Harvard’s Joint Center for Housing Studies. […]
December 18, 2017

Homeowner equity rises by $871B

Homeowners with mortgages, or 63% of the total, have collectively seen their equity increase 11.8% from the third quarter of 2016 to 3Q17, representing a gain of $871 billion year-over-year, according to […]
December 15, 2017

The True Cost of the 12 Days of Christmas in 2017

Purchasing the gifts included in the classic holiday song “The 12 Days of Christmas,” will only cost 0.6% more than in 2016, according to the 34th annual holiday […]
December 14, 2017

Mortgage Fraud Risk Slows; Rises in Hurricane-Impacted States

While the nationwide run-up in mortgage loan application defects appears to have slowed, instances of fraud remain on the rise in Texas and Florida.  The First […]
December 12, 2017

Mortgage Delinquencies Rise After Hurricanes

The three major hurricanes that caused devastation during August and September were largely responsible for the third-quarter increase in mortgage delinquencies.  The seasonally adjusted delinquency rate […]
November 21, 2017

Housing Affordability May Plummet in 2018

During the recent CoreLogic and the Urban Institute’sHousing Finance, Affordability and Supply in the Digital Ageconference, CoreLogic Chief Economist Frank Nothaft predicted rising interest rates will […]
November 17, 2017

Americans Waiting for a Bigger Raise

The government said that average hourly earnings rose 2.4% over the past 12 months.  That’s a slip from the 2.9%increase reported in September. It remains below the 3% to 3.5% range that many […]
November 16, 2017

Sales to First-Time Home Buyers Fell 34% in 2017

First time homebuyers continue to struggle to enter the housing market amidst limited housing inventory, falling to the fourth lowest level since 1981, according to the […]