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Closing the Gaps: Building Black Wealth through Homeownership

Homeownership is the primary contributor to wealth building for Black households and continues to hold promise for building multigenerational wealth and housing stability for households of color. However, wealth is not accruing equitably to Black homeowners due to a long history of structural barriers and [...]

By |2020-11-25T17:04:08+00:00November 25, 2020|News|Comments Off on Closing the Gaps: Building Black Wealth through Homeownership

TransUnion: Popularity of 15-, 20-Year Mortgages Continues to Grow

TransUnion, Chicago, said as low interest rates drive refinance activity, short-term loans—i.e., 15-year and 20-year mortgages—continue to increase in popularity, a trend that played out in the third quarter.

By |2020-11-19T17:09:21+00:00November 18, 2020|News|Comments Off on TransUnion: Popularity of 15-, 20-Year Mortgages Continues to Grow

NEWS: Home Prices Skyrocketing Because Of Low Mortgage Rates, Not Because Covid-19 Increased Demand For Large Homes

Home prices are skyrocketing in most U.S. markets despite Covid-19.

By |2020-09-28T19:36:01+00:00September 28, 2020|News|Comments Off on NEWS: Home Prices Skyrocketing Because Of Low Mortgage Rates, Not Because Covid-19 Increased Demand For Large Homes

NEWS: Millennial Update: They’re Buying Houses and Going into Debt to Fix Them Up

Reports by Ellie Mae and Bankrate.com show Millennials are pulling out their wallets not only to purchase homes, but to fix them up as well.

By |2020-09-14T13:16:51+00:00September 14, 2020|News|Comments Off on NEWS: Millennial Update: They’re Buying Houses and Going into Debt to Fix Them Up

NEWS: Signs Point Toward Continued House Price Appreciation

MBA Newslinks August 24, 2020 Ahead of this morning’s S&P CoreLogic Case-Shiller Home Price Indexes, a report from First American Financial Corp., Santa Ana, Calif., said low mortgage rates, tight supply and demographic demand will continue to drive home price appreciation well into autumn. “Mortgage [...]

By |2020-09-02T15:43:41+00:00September 2, 2020|News|Comments Off on NEWS: Signs Point Toward Continued House Price Appreciation

NEWS: Home Sellers Increasingly Hold Upper Hand

Michael Tucker August 24, 2020 Zillow, Seattle, said sellers expanded their advantage in July as market forces continued to work in their favor. Buyers outnumbered sellers and snapped up homes at a record pace last month, Zillow reported. “This spring’s housing soft patch is receding [...]

By |2020-08-28T20:03:12+00:00August 28, 2020|News|Comments Off on NEWS: Home Sellers Increasingly Hold Upper Hand

NEWS: Signs of recovery? U.S. business activity and home sales surge

Dan Burns August 21, 2020 (Reuters) - In signs an economic recovery may be picking up speed, U.S. home sales rose at a record rate for a second straight month in July, and purchasing managers in both the manufacturing and services sectors report business activity [...]

By |2020-08-27T19:43:33+00:00August 27, 2020|News|Comments Off on NEWS: Signs of recovery? U.S. business activity and home sales surge

NEWS: Manhattan apartment deals plunge 57%, suburban real estate surges

Robert Frank August 6, 2020 Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer.   The number of signed contracts for co-ops and condos [...]

By |2020-08-14T14:21:05+00:00August 14, 2020|News|Comments Off on NEWS: Manhattan apartment deals plunge 57%, suburban real estate surges
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