In an agreement over non-discrimination in marketing and tenanting procedures, HUD renews its commitment to ensuring that all eligible applicants can participate in Department-funded housing programs.
Read More »Mortgage Disclosure Process Improving for Lenders, Borrowers
The CFPB announced the approval of the Independent Community Bankers of America's (ICBA) proposed template to improve mortgage disclosures to "provide consumers greater clarity, streamline the process through improved disclosure requirements, and expand access to more affordable homes in rural areas with limited housing supply," according to Rebeca Romero Rainey, President and CEO of ICBA.
Read More »Consumers Grow Increasingly Optimistic About Mortgage Rates
"Mortgage rate optimism increased dramatically this month, with a survey-high share of consumers anticipating mortgage rate declines over the next year," said Mark Palim, VP and Deputy Chief Economist at Fannie Mae.
Read More »Asking Rents Drop for Third Consecutive Month
Redfin reports that an increase in December housing supply has led to rising vacancies, motivating landlords to lower asking rents, which fell nearly 1% from a year earlier.
Read More »Mortgage Rate Drops Encouraging Market Activity
“The slight increase in December listings indicates the impact of lower mortgage rates is beginning to trickle down into the market, which comes as an optimistic sign as we head into the new year," said Jeremy Sicklick, Co-Founder and CEO of HouseCanary.
Read More »The Great Floridian Migration
Based on U-Haul's annual year-end Growth Index, Florida destinations dominated the list of the top-25 destination hotspots. Here's where else people are migrating.
Read More »Commercial Bankruptcies Spiked 70% Last Year
Commercial Chapter 11 Bankruptcies increased to 6,569 filings according to a new data report from Epiq AACER. Will that upward trend continue as we move into 2024?
Read More »Zillow Forecast: The Hottest Housing Markets of 2024
While housing affordability is expected to improve in 2024, according to a new Zillow market report, with the hottest markets across the U.S. located in cities that offer cheaper mortgage payments and more job opportunities.
Read More »Monthly Payments Drop, Bringing Some Back to Market
The median mortgage payment dropped by the end of 2023, which has allowed some buyers who had been sitting on the sidelines to finally dive back into the housing market.
Read More »NHC Analysis: Housing Affordability ‘the Worst in Our Lifetime’
Americans want to know: will it be any easier to buy or rent a home in 2024? A study from the National Housing Conference revealed how U.S. citizens remain concerned with nationwide housing costs, as many believe affordability is the worst they've experienced in their lifetime.
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