
New credit scores from FICO, VantageScore gaining traction
Lenders won't be required to use the more inclusive FICO Score 10T and VantageScore 4.0 scoring models before next year, but several are already using them to expand the pool of borrowers.
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Co-ownership trends offer an affordability solution: Pacaso
Second-home solution Pacaso studied 10 of the most active counties in the country for co-ownership and found the trend grew by 21 percent in 2023. The pace of co-owned closings correlates with a rise in Housing Price Index (HPI) in those counties.
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3 multimillion-dollar mansions are at risk of sliding into the Pacific
Three mansions worth $12 million to $16 million in California are at risk of falling into the ocean after a post-storm landslide eroded cliffs in Dana Point. The story has sparked conversations about climate change and rising home insurance costs in the state.
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Investors nabbed over a quarter of low-cost homes sold in Q4
Although 26 percent of low-cost homes were purchased by investors during the last three months of 2023, the share of homes bought by investors fell.
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