Homebuyers: Lending Standards Are Still Tight, but New Credit Scores May Help

With home sales hovering near a 31-year low, it's clear that strict lending standards, elevated mortgage rates, and increasing costs are shaping the landscape for buyers. While new credit scoring models are beginning to recognize payments like rent and utilities, many low-income and minority borrowers still find themselves on the outside—even though their delinquency and default rates remain low. At @properties, I believe expert market knowledge and the highest standards of service are essential for guiding clients through these complexities. Whether you're navigating these challenges locally or looking further afield, having the right representation makes all the difference.