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Homebuyer assistance programs rose to nearly 2,300 in 2023

Housing Wire

housing market has reached its least affordable point in decades and housing agencies have increasingly rolled out homebuyer assistance programs to tackle this issue. This allows people to become homebuyers as well as investors, a more common strategy in recent years that is known as “house hacking,” the report stated.

Landlords 465
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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

Insurance 340
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These 14 States Are Facing Higher Real Estate Insurance Premiums—Is Your State On The List?

BiggerPockets

A significant challenge for landlords is to find the right affordable insurance coverage for their rental properties. In addition to fulfilling the requirements to obtain a mortgage, landlords also want […].

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Shelter costs rose again in August, but there’s an asterisk

Housing Wire

Indexes that increased in August include rent, owners’ equivalent rent, motor vehicle insurance, medical care, and personal care. Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. Core inflation, which excludes food and energy, rose 4.3% a year earlier.

Landlords 336
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Federal agency members voice support for new CRA rules 

Housing Wire

The following day, Martin Gruenberg, chairman at the Federal Deposit Insurance Corp. These include race, financing displacement (banks making loans that could result in landlords evicting low-income tenants), financing of fossil fuels and mechanisms to stop branch closures.

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FHA does a solid for mortgage credit rejects. Will it move the needle for loan officers?

Housing Wire

Department of Housing and Urban Development ( HUD ) called FHA Connection, a database used to insure and generate FHA case numbers associated with the borrower’s home loan application. All FHA mortgage lenders use a system by the U.S.

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

When considering the overall cost of homeownership, the price of insurance and property taxes will vary based on community and location,” Ross says. If you’ve got the itch to tear down walls, try your hand at tiling, or experiment with a bold new wallpaper, you’re better off buying than renting (unless you have a very open-minded landlord).