Tariff-influenced lumber price volatility this year has markets trying to read the tea leaves to determine what the implications might be for housing and the economy at large. Since reaching a three-year high in early August, lumber futures declined by 25% to trade at approximately $525 this week, data from the Chicago Mercantile Exchange showed. […]
Lumber prices swing as tariff fears roil markets Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. In July 2025, a pivotal change came to the mortgage industry, when the Federal Housing Finance Agency officially approved the use of VantageScore 4.0 as an alternative to Classic FICO for mortgages purchased by Fannie Mae and Freddie Mac. VantageScore claims that Classic FICO is
FICO isn’t the problem. A premature two-score system Is Read More »
The homeownership rate among Black Americans fell to 43.9% in the second quarter of 2024, the lowest level since late 2021, according to Redfin. That was down from 45.3% a year earlier and marked the steepest annual decline since the third quarter of 2021. By comparison, the Hispanic homeownership rate rose slightly to 48.8% from
Homeownership among Black Americans drops to 4-year low Read More »