Fed Chair Jerome Powell said the housing market is "picking back up" and the Fed will "proceed carefully" as to whether to tighten further or hold the policy rate constant.
AmeriFirst Financial Inc. filed for bankruptcy just two months after it resumed its forward mortgage origination business.
Zillow Home Loans launched a down payment assistance program where buyers would only need to cover 1% upfront.
The homeownership rate among Black homeowners (43.6%) significantly lagged behind Asian homeowners (62.8%) and white homeowners (72.7%).