In general, 2020 and 2021 were good years for homeowners but challenging years for many renters, HUD and the Census Bureau said in the annual American Housing Survey.
Median-priced single-family homes and condos remain less affordable in the third quarter compared to historical averages in nearly all U.S. counties, reported ATTOM, Irvine, Calif.
CoreLogic, Irvine, Calif., said Mortgage Delinquencies fell in July, marking the 16th consecutive annual drop. The Loan Performance Insights Report said foreclosures rose slightly from a year ago in two-thirds of metro areas, but the national rate remains near a record low.
Real estate practitioners can better manage climate risk in their portfolios by incorporating climate change threats including wildfires, hurricanes and excessive heat into their business models, the Urban Land Institute and LaSalle Investment Management reported.
With mortgage interest rates pushing well above 6 percent—even approaching 7 percent—a growing number of homeowners are reluctant to sell because they have a lower rate locked in, said Redfin, Seattle.