Two reports illustrate both the progress made in lending to women and minorities and the challenges lenders continue to face in expanding minority homeownership.
Tag: Zillow
Industry Briefs Feb. 25, 2021
Finicity, Salt Lake City, announced its one-touch Mortgage Verification Service, enabling lenders to allow consumers to permission data so lenders can verify assets, income and employment in a single interaction. The verification is accepted by both Freddie Mac and Fannie Mae.
2021 Housing Market ‘Red Hot’
The past year has been like no other, housing-wise. Near-record-low interest rates, tight housing supplies and greater flexibility in where one lives have pushed a normally predictable housing cycle into uncharted territory, as three new housing reports show.
Record-Low Inventories Drive Record-Low Contract Periods
With record-low housing inventories and sharply increasing home prices, what else could happen? How about record-low contract periods, according to both Redfin, Seattle, and Zillow, Seattle.
Home Prices Jump on Robust Demand; Housing Gains at 15-Year High
Home prices are rising at rates not seen in years, with four reports—from Standard & Poor’s, Zillow, the Federal Housing Finance Agency and First American Financial Corp.—confirming no apparent letup.
Industry Briefs Jan. 26, 2021
SitusAMC Holdings Corp., New York, acquired Assimilate Solutions LLC, a provider of mortgage and title knowledge process outsourcing and information technology outsourcing platforms.
For Housing, ‘A’ is for ‘Austin’
One report says Austin, Texas will be the nation’s hottest housing market in 2021. Another report says it already is.
Pandemic Year Brings Huge Surge in ‘Million-Dollar Cities’
Move over, San Francisco Bay Area and New York City; you’ve got company—lots of it.
Renters Struggle as Income Stagnates, Unemployment Remains High
Renters’ median income growth stopped last year, and more than three million renters who face COVID-19 unemployment carry extreme housing cost burdens, analysts said.
Zillow: Racial Home Value Disparities Shrinking, But Persist
The Zillow analysis said homes owned by Black and Latino households are worth 16.2% and 10.2% less, respectively, than the typical U.S. home — gaps that have closed by about 4 percentage points from their widest points following the Great Recession.