Forbearance plans dramatically dropped since 2020; about two-thirds of borrowers are still in forbearance because of COVID-19 effects: MBA
MBA and CBA said AVMs can alleviate appraiser shortage, reduce costs and safeguard against bias, but robust regulation is critical.
The housing market continues to cool amid high mortgage rates, low inventory and rising property insurance rates.
“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. Obviously, people don’t sell a home to be homeless. So, when home prices and mortgage rates rise so