Black Wealth May Grow by $500 Billion from U.S. Housing Gains in Coming Decade

Based on new research by Zillow, incremental increases in U.S. homeownership rates and home values among Black households would help shrink the current $3 trillion racial wealth gap by hundreds of billions of dollars over the next decade.

Share of U.S. Mortgages in Forbearance Dips to 4.5 Percent in Mid April

According to the Mortgage Bankers Association's latest Forbearance and Call Volume Survey, the total number of loans now in forbearance decreased by 1 basis point from 4.50% of servicers' portfolio volume in the prior week to 4.49% as of April 18, 2021.

U.S. Housing Shortage Increases in March, Driving Prices Up 18 Percent

U.S. property broker Redfin is reporting this week that the median home-sale price increased 18% year over year to $344,625--an all-time high.

U.S. Housing Market Enjoys Record Setting Prices in March as Sales Slide

According to the National Association of Realtors, existing-home sales fell in March 2021, marking two consecutive months of declines. 

Phoenix Property News

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