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January 2020 Archives

Mortgage delinquencies fall to their lowest level in 20 years

Mortgage delinquencies in Delaware and around the country have fallen to their lowest level in 20 years according to data released by CoreLogic. The consumer and business analytics company's latest Loan Performance Insight Report reveals that about 3.7% of the nation's mortgages were at least 30 days past due at the end of October 2019. This figure represents a 0.4 percent month-over-month drop.

More women pursuing solo home ownership than ever before

For generations, couples represented the typical home buyers in Delaware and elsewhere in the United States. As of 2019, a new trend has become clear: Increasing numbers of single women are buying homes by themselves. Approximately 17% to 20% of home buyers were single women compared to 9% of single men in 2019. A survey conducted by Bank of America indicated that 73% of women considered home ownership a top priority above marriage and having children whereas 65% of men had similar feelings.