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Commentary

Americans Are Still Moving to Risky, Disaster-Prone Areas

Climate change does not seem to be factoring into homebuyers' decisions on where they are purchasing homes according to Redfin, as nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022—an increase of 103% over the two years prior.

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Purchase Apps Down 21% YoY

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.

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HUD Receives High Marks From the SBA

“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.

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