Rocket expands its mortgage dominance by acquiring Mr. Cooper and Redfin. This move strengthens its market share and offers new opportunities for customer acquisition and homeownership access.
AI offers faster, cheaper mortgages, potentially benefiting neglected families. However, it risks perpetuating bias. Federal guardrails are crucial for fairness and inclusivity in AI-driven lending.
Buying a home near college can be more affordable than dorms, potentially saving up to $30,000 in 3 years with rental income offsetting costs. Location, property taxes, and appreciation are key.
NextGen buyers face homeownership hurdles. Education is key: combat financial misinformation, build trust via accessible resources, and partner with education-first loan officers.
ARMs offer lower initial rates but carry preconceptions. Agents and lenders must educate buyers on today's safer ARMs, expanding homeownership access responsibly in a tight market. Clear safeguards and underwriting improvements mitigate risks.
Homeowners are increasingly using equity release to access property wealth, driven by concerns over estate tax changes and retirement income pressures. £665M accessed in Q1 2025.
A recent analysis of home prices, ownership rates and migration in 2024 found that homeownership has remained relatively stable over the past few years, even as affordability has worsened.
