A new Redfin report revealed the share of rental vacancies has increased as more inventory enters the market, causing median asking rents to flatten nationwide from their record high reached in August 2022.
Read More »HUD Announces $50M to Address Youth Homelessness, Improve Housing Placements
As rising unaffordability plagues the nation, the U.S. Department of Housing and Urban Development has granted millions in funding for new resources to help communities transition people from homelessness to housing by building a stronger response system to assist youth in housing crises and all those experiencing displacement.
Read More »Mortgage Delinquency Rate Increases Across YoY, Quarterly Time Frames
The MBA reports mortgage delinquencies tracked closely with the nationwide unemployment rate in Q3, with an uptick in delinquencies across all loan types–with FHA’s portfolio experiencing the largest year-over-year increase.
Read More »Up, Up, and Away: How Many U.S. Metros Reported Q3 Home Price Gains?
NAR reports that single-family existing-home sales prices rose in the vast majority of metros nationwide in the third quarter, with the national median home price growing to more than $406K.
Read More »SFR Growth Expands in Q3 Amid Housing Market Uncertainty
While rent prices remain historically high despite a slight increase in year-over-year price growth, Single-Family Rental inventory surged in Q3 compared to the previous year, according to a new study from HouseCanary. Here are the details.
Read More »Ginnie Mae Portfolio Netted $15B in Growth During October
Ginnie Mae’s mortgage-backed securities portfolio grew to a whopping $2.49T last month. Read all the details after the link.
Read More »Cash Is King Among Current Real Estate Buyers
“Affluent Americans are the only ones who can avoid the sting of high mortgage rates; plus, they’re spending less on housing and keeping more money in the bank because they’re avoiding interest payments,” said Redfin Senior Economist Sheharyar Bokhari.
Read More »Five Star Announces Launch of Mortgage Servicing Executive Alliance
With U.S. Bank's Timika Scott serving as the organization's first Chairperson, the MSEA will include committees focused on advancing advocacy and education related to specific sectors of the industry, including Government & Industry Relations, Community Relations, Communication & Planning, and Cultural Affairs.
Read More »Number of Consumers Seeking Delinquent Mortgage Counseling Surges YoY
A new report explores the drastic increase of consumers in search of delinquent mortgage counseling, which skyrocketed in 2023 compared to the previous year. Click though to read how once-manageable levels of unsecured debt have abruptly become unmanageable for many homeowners.
Read More »Commercial and Multifamily Loan Originations Plummet
Commercial real estate and multifamily real estate loan originations dropped almost 50% year-over-year during the third quarter of 2023. Click through to find out what else the Mortgage Bankers Association found in their quarterly report.
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