Day: September 1, 2023

Home affordability takes a hit as prices surge once more

In second-quarter 2023, a renewed surge in home prices made it even harder to afford a home, according to the U.S. Home Affordability Report from Attom. This upswing pushed the portion of average wages needed for major homeownership expenses up to 33%, the highest level seen since 2007 and well above the common lending standard […]

Fix-and-flip investors remain optimistic in a mixed market

Flipping homes in today’s market is difficult, and many investors have turned away. But other investors are dedicated and bullish, and they continue to snatch up vacant and dilapidated homes. When they’re through, they add newly renovated, turnkey inventory back into the market while taking home a tidy profit. Properties flipped by their investors and […]

End-of-year foreclosure activity should gain steam

A vestige of emergency loss- prevention policies implemented during the COVID-19 pandemic have kept the U.S. foreclosure market funnel partially clogged. But many of the nation’s mortgage servicers expect foreclosure volume to gradually pick up speed in the final months of 2023. That’s according to a survey of more than 50 representatives from leading mortgage […]