Lower auction prices bode well for housing supply

Sellers of distressed property began to capitulate to the market on pricing in the fourth quarter of 2022, a positive sign moving forward for retail housing inventory. In particular, the final two months of last year saw some sellers at foreclosure auctions lower prices in response to the downshifting real estate market. By the end […]

Forces of Nature

These underlying currents could shape the housing market in the months to come

Rate hikes eat into affordability even as prices decline

Even though home prices have plateaued or declined in many U.S. markets, affordability worsened in 99% of the counties analyzed in fourth-quarter 2022 by Attom Data Solutions. In the final three months of last year, data shows that the median-priced single-family home and condominium were less affordable compared to historic averages in virtually every county […]

Originators have the power to lend more inclusively

Homeownership is likely the most important and most accessible way for households to build wealth in America. According to the U.S. Department of the Treasury, households outside of the wealthiest 10% derive more wealth from home equity than any other source. Homeownership has many economic benefits and has long been a central tenet of achieving […]