Auction.com: Demand for Distressed Properties May Be Starting to Slow
Auction.com, Irvine, Calif., released its Q2 2024 Auction Market Dispatch, finding that demand for distressed properties sold at auction started to slip in June.
MBA Chart of the Week: Taxonomy of Mortgage Default
Recently, the Research Institute for Housing America (RIHA), MBA’s think tank, released a special report, Mortgage Design, Underwriting, and Interventions: Promoting Sustainable Homeownership, that looks at the lessons learned from the Great Financial Crisis, the Covid-19 pandemic, and other past episodes of default, to understand how to design a more robust mortgage system that proactively supports sustainable homeownership.
U.S. Housing Market Nears $50 Trillion in Value, Redfin Finds
The total value of U.S homes gained $3.1 trillion over the past 12 months to reach a record $49.6 trillion, according to a new report from Redfin, Seattle.
Home Improvements Top Reason to Tap Home Equity, Bankrate Reports
More than half of current homeowners (55%) see home improvements or repairs as a good reason to access built-up home equity, according to Bankrate, New York.
MCT Finds 5.67% Decrease in Mortgage Lock Volume in July
Mortgage Capital Trading, San Diego, announced a decrease of 5.67% in mortgage lock volume from June to July.
