Prospective homebuyers face an obstacle course of challenges – from financing to logistics – once they make the decision to purchase a home. This process can be even more difficult to navigate for those with limited financial resources, first-time homebuy
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.