Where Is It Cheaper to Own a Home Than to Rent?
By
Odeta Kushi on April 10, 2020
As the coronavirus pandemic and its repercussions create challenges for all, it’s easy and important to focus on the day-to-day headlines and the information driving the news cycle at the moment. But, understanding long-term trends, even those that may be altered by the pandemic’s impacts, provides helpful insight into major decisions, like the ...
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Why the Housing Market May Weather Coronavirus Impact Better Than the Great Recession
By
Mark Fleming on March 31, 2020
As we are all too aware, the coronavirus outbreak has taken hold of the domestic and global economy. The housing market is not immune to its impact but may be in a better position than many believe. Recent data shows that weekly unemployment claims soared to a record, which will, in turn, work to depress household incomes and consumer confidence. ...
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Policy and Fintech Innovations Protect Against Fraud Risk in the Uncertain Days Ahead
By
Mark Fleming on March 30, 2020
A historical view of overall defect risk, as measured by our Loan Application Defect Index, shows a long-run downward trend since we began tracking defect risk in 2011, with a few exceptions. In February 2020, this long-run trend continued as overall defect risk reached its lowest level in index history. The Defect Index for purchase transactions ...
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Are Negative Mortgage Rates on the Horizon?
By
Odeta Kushi on March 18, 2020
Given both emergency rate cuts of the Federal Reserve and the recent economic uncertainty due to the spread of the Coronavirus, the 10-year Treasury yield dropped to its lowest level in 150 years, according to Nobel Laureate Robert Shiller. For added perspective, that takes us back to the time of Ulysses S. Grant’s presidency. The 10-year Treasury ...
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Where Rent-Burdened Households Declined the Most
By
Odeta Kushi on March 11, 2020
Beginning in 2011 and continuing through 2018, the share of rent-burdened households declined nationally – a trend reversal from the decade between 2000 and 2010. According to the Department of Housing and Urban Development, rent-burdened households spend over 30 percent of their income on rent. However, as the old adage goes, it’s all about ...
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Why the Share of Rent-Burdened Households Has Declined in the Post-Recession Era
By
Odeta Kushi on March 2, 2020
After nearly 20 years of rising rents, renter affordability, or the lack thereof, is a hot topic in housing. The long-running increase in rents has fueled a rise in the share of rent-burdened households, defined by the Department of Housing and Urban Development (HUD) as households that spend over 30 percent of their income on rent.
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