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6 days ago | 
themortgagepoint.com | Demetria Lester
According to the Q1 2025 U.S. Home Equity & Underwater Report published by ATTOM, roughly 46.2% of the nation’s mortgaged residential properties were deemed equity-rich in Q1, which means that the total estimated loan balances secured by those properties did not exceed half of their estimated market value.
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6 days ago | 
themortgagepoint.com | Demetria Lester
The first quarter of 2025 saw a moderate increase in the total number of bankruptcy filings, according to data gathered by G2 Risk Solutions (G2RS), which handles the majority of US bankruptcy cases by offering bankruptcy management services to creditors and lenders. In the latter two quarters of 2024, bankruptcy filings leveled out and then declined, despite a general trend of rising filings since 2022. Filings up 0.7% in Q1 2025 compared to Q4 2024.
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1 week ago | 
themortgagepoint.com | Demetria Lester
In the U.S., non-homeowners seem to have a harder time achieving homeownership. The smallest percentage in recent years indicates that they anticipate purchasing a home in the next five or 10 years, and two-thirds of these Americans think they are priced out of the market. In overall, Americans are still largely pessimistic about the housing market, as they have been since 2022, with most believing that now is not a good time to purchase a home— according to a new survey from Gallup.
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1 week ago | 
themortgagepoint.com | Demetria Lester
According to the most recent quarterly data from the National Association of Realtors (NAR), home prices increased in more than 80% of metro markets (189 out of 228, or 83%) in Q1 of 2025, while the 30-year fixed mortgage rate varied between 6.63% and 7.04%. Compared to 14% in tQ4 of 2024, just 11% of the 228 metro areas under study saw double-digit price increases within the same time frame. The median single-family existing-home price nationwide increased 3.4% to $402,300 from a year ago.
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1 week ago | 
themortgagepoint.com | Demetria Lester
According to a recent nationwide poll by Discover Personal Loans, some 84% of Americans want to improve their financial status, yet 41% are not sure how to handle their personal finances appropriately. In the upcoming year, 20% of Americans anticipate their financial status to worsen, while 41% of them think it will remain the same or improve (38%). * “In which categories do you think you’ll spend the most money on in 2025?
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1 week ago | 
themortgagepoint.com | Demetria Lester
The busiest moving season, when renters are actively looking for apartments, is almost here! With spring blossoming and summer approaching quickly, In light of this, RentCafe used data available for the entire Q1 of 2025 to find out which cities receive the highest levels of online activity on RentCafe.com. In Q1 of 2025, tenants were most interested in Washington, D.C., which displayed robust online activity by all measures.
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1 week ago | 
themortgagepoint.com | Demetria Lester
According to a recent Labor Department report, residential construction companies added 3,400 jobs in April, contributing to an overall 11,000 job growth in construction employment. But since homebuyer demand has been impacted by inflation in housing prices, high mortgage rates, and material pricing worries, home builder hiring has remained almost stagnant for a year. This is according to a new report from the National Association of Home Builders (NAHB).
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1 week ago | 
themortgagepoint.com | Demetria Lester
According to data from Epiq AACER, there were 30,961 individual chapter 7 applications in April 2025, which was an estimated 16% increase over the 26,781 submissions in April 2024. “The 9% increase in total bankruptcy filings in April 2025, particularly the 16% surge in individual chapter 7 filings, reflects the mounting financial strain on households, elevated prices, and higher borrowing costs,” said Michael Hunter, VP of Epiq AACER.
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1 week ago | 
themortgagepoint.com | Demetria Lester
According to the most recent U.S. Census data, over 45.6 million of the 127.4 million occupied dwelling units in the country are occupied by renters. And focusing on the rental market, single-family rentals are growing at the quickest rate, taking larger and larger shares of a developing market. From a mere 3,800 single-family rentals in 2015 to 39,000 new deliveries ten years later, the number of completed single-family rentals in build-to-rent communities nationwide has soared.
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1 week ago | 
themortgagepoint.com | Demetria Lester
The May 2025 Mortgage Monitor Report from Intercontinental Exchange, Inc. explores the growing percentage of Gen Z and first-time homebuyers participating in the mortgage market. “While first-time homebuyers continue to face affordability headwinds, they don’t have the same disincentive to transact as many repeat buyers, who remain locked in the golden handcuffs of relatively low monthly payments on their existing homes,” said Andy Walden, Head of Mortgage and Housing Market Research for ICE.
