Paul Centopani is an editor for National Mortgage News. Prior to joining Arizent, he worked as an editor at a private equity publication and freelances as a sports writer in his spare time. Paul grew up in Connecticut, graduated from THE Binghamton University and now resides in Chicago after seven years as a New Yorker.
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While purchasing power rose due to low rates and increasing income, “homebodies” suppressed inventory, according to First American.
June 22 -
Announced the day before the first federally recognized Juneteenth holiday, the Black Homeownership Collaborative has a seven-point initiative to improve upon racial equality in home buying in the next nine years.
June 18 -
About 20% of the pandemic-related delinquent borrowers are up for review by the end of June, which could lead to vast improvement or deeper financial strife, according to Black Knight.
June 18 -
Demand was strongest at the high end of the market, which pushed loan amounts up for the fourth straight month.
June 17 -
As home prices set new records, a shift in consumer attitude led to fewer bidding wars and a growing number of listings, according to Zillow and Redfin.
June 16 -
Although activity crept down in May from April, it posted “dramatic” increases from the year before, according to Attom Data Solutions.
June 15 -
Changed borrower psychology and the severe housing inventory shortage dropped lending activity across the board, according to Black Knight.
June 14 -
With residential supply severely lagging behind demand, redeveloping unused office space into multifamily properties seems like a perfect solution, but it’ll take governmental collaboration and tax breaks to make such projects financially compelling, developers say.
June 11 -
The continued home price spike also drove the negative equity share to an all-time low, according to CoreLogic.
June 10 -
Rising sea levels aren’t keeping buyers from scooping up oceanfront homes as work flexibility gives consumers wider options on where to live, according to Redfin.
June 9
