Share of Homes Bought with All Cash Hits 30% for First Time Since 2014
Redfin, Seattle, said nearly one-third (30%) of U.S. home purchases this year were paid for with all cash, up from 25.3% during all of 2020 to the largest share since 2014 (30.6%).
Unemployment Claims Push Closer to Pre-Pandemic Levels
Initial claims for unemployment insurance fell by another 26,000 last week, edging closer to “normal” by pre-pandemic measures.
Fannie Mae: Homebuyer Satisfaction with Mortgage Process Remains High
Homebuyer satisfaction with the mortgage process remained high during the pandemic year, said Fannie Mae, despite most lenders facing the challenges of remote working and increased volume.
MBA CONVERGENCE Takes Big Next Step in Columbus
MBA CONVERGENCE, the Mortgage Bankers Association’s initiative to promote minority homeownership opportunities, launches its second major pilot program July 21 in Columbus, Ohio.
