Sharp Slowdown Expected in Home Remodeling
The Leading Indicator of Remodeling Activity, a quarterly forecast from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, Cambridge, Mass., projects year-over-year growth in homeowner remodeling and repair spending to shrink from 16.1 percent in 2022 to 6.5 percent by the third quarter 2023.
CoreLogic: Serious Mortgage Delinquency Rate Returns to Pre-Pandemic Low
CoreLogic, Irvine, Calif., said 2.8% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), a 1.2 percentage point decrease from 4% a year ago.
‘Zombie’ Foreclosures Up; Remain Small Portion of Housing Market
ATTOM, Irvine, Calif., reported 1.3 million residential properties in the United States sit vacant, representing 1.26 percent, or one in 79 homes, across the nation.
Record-High Number of Homebuyers Ready to Move Elsewhere
Redfin, Seattle, said rising mortgage rates and persistently high home prices are motivating many buyers who remain in the market to relocate to more affordable areas.
CFPB Issues Personal Financial Data Rights Rulemaking
The Consumer Financial Protection Bureau on Thursday outlined options it said are designed to strengthen consumers’ access to, and control over, their financial data.