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Bank of America Triples Affordable Homeownership Commitment to $15 Billion

5 mins read

The FINANCIAL -- Bank of America announced it will triple its affordable homeownership initiative to $15 billion through 2025, aiming to help more than 60,000 individuals and families to purchase homes.…

Low mortgage rates are easing affordability, but down payments are further from reach

7 mins read

The FINANCIAL — Monthly mortgage payments are becoming increasingly affordable for U.S. homeowners as mortgage rates have hit record lows, a new Zillow® analysis shows. But that masks the difficulties would-be buyers face in getting into homes in the first place after extraordinary price growth has pushed prices further above incomes than they’ve been in at least…

Entry-level home sales continue to accelerate

5 mins read

The FINANCIAL — New Zillow® research shows many homes sold just days after hitting the market in September, regardless of price, with the typical1 U.S. home going under contract in just over two weeks. This is one day quicker than August, about 44% faster than this time last year, and significantly faster than even a typical spring selling…

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The highest number of Latinx households own their homes since Great Recession of 2008

4 mins read

The FINANCIAL — Remarkable growth this half-decade has boosted the share of Latinx households in the U.S. that own their home to its highest since the housing bust. While recent signs are encouraging, a new Zillow® analysis reveals remaining roadblocks on the path to equitable housing.  Latinx Americans are a massive and diverse group, with more than 200…