Affordability is improving in 37 out of the 50 most populous metros in the U.S. as mortgage rates come down and household incomes gradually rise. However, in pricey coastal markets, most households still only earn about half of what is necessary to afford the typical home.
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Anywhere Real Estate is the real estate industry’s latest data breach victim. The firm discovered that there had been a cybersecurity incident impacting its Oracle E-Business Suite (EBS) environment in late November. The breach was officially disclosed to attorneys general in Maine, New Hampshire, Texas and Vermont, as well as the Massachusetts Office of Consumer…
HousingWire’s Rising Stars awards recognize standout professionals ages 40 and under who are driving innovation, leadership and meaningful change across mortgage, real estate and homebuilding. Many past honorees continue to shape the industry long after earning the Rising Stars distinction, taking on expanded roles, leading major initiatives and helping modernize the housing ecosystem. As nominations…
Mortgage applications decreased 0.3% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Feb. 6. On an unadjusted basis, the index increased 2% compared with the previous week. The seasonally adjusted purchase index decreased 2% from one week earlier. The unadjusted purchase index…