Commentary

In a first for American financial institutions, large banks must report their exposure to climate change by July 31.

High mortgage rates have pushed monthly mortgage payments to a record $2,656, as slightly lower rates may escalate competition for the limited number of homes available and push up prices for the foreseeable future.

“This achievement demonstrates HUD's commitment to partnering with small businesses and ensuring meaningful opportunities for the small business community to build America’s economy,” said HUD Secretary Marcia L. Fudge.

HUD and the Census Bureau report that privately-owned housing units recorded an annual rate of 1,440,000 units in June, down from 922,000 reported year-over-year.

A new study from Doorloop found that Nashville leads the list of top U.S. cities targeted by housing investors, as the Music City is projected to experience 19% growth in home prices over the next 12 months.

A record low number of homes for sale have propped up prices, increasing the average home sales price to near record highs.

Even though low inventory caused by the lock-in effect is causing a crunch for home seekers, prices continue to rise and have hit a new record high, eclipsing the previous peak set one year ago.

Today, a monthly budget of $3,000 can afford a home valued at $450,000—a far cry from the $510,000 home it could have purchased a year ago.

Secretary of the Housing and Urban Development has signed a memorandum of cooperation with their Japanese counterparts to jointly pursue innovations in housing policy, urban planning, and climate resilience.

Against the squeeze of rising home prices and low inventory, many homebuyers need solutions to ease the anxiety associated with purchasing a new home.