House passage of H.R. 7024 will enhance the Low-Income Housing Tax Credit and support affordable housing nationwide through the construction and rehabilitation of housing for low- and moderate-income households.
Read More »Q4 Luxury Home Prices Reach All-Time High
Redfin reports that in Q4 2023, the price of U.S. luxury homes rose at twice the pace of non-luxury homes, led by affluent buyers closing the deal in all-cash transactions.
Read More »Home-Selling Profits Drop for First Time in a Decade
The typical seller is still making a strong profit when selling their home, but that number has dropped for the first time since 2011.
Read More »Real Estate Investor Activity Down in Q4
Investor market shares fell relative to the previous year from February to August 2023, but increased year-over-year by the end of Q3. However, how do these numbers fit into the big picture?
Read More »Dissecting Mortgage Servicing From a Federal Perspective
In an upcoming webinar presented by the Five Star Institute’s Legal League, a panel of legal and government experts will examine trends in foreclosure volume, loss mitigation, and litigation challenges within the mortgage servicing space.
Read More »Dip in Rates Brings Resurgence in Bidding Wars
Redfin’s latest analysis of homebuyer trends has found that bidding wars are heating up as mortgage rates have dipped and the nation’s housing supply remains strained.
Read More »Pending Sales Push Past 8% in December
On a regional basis compared to one year ago, pending home sales decreased in the Northeast but improved in the Midwest, South, and West.
Read More »Commercial/Multifamily Borrowing and Lending Forecast Trends Towards Growth
The MBA has updated its commercial real estate forecast for 2024, as total commercial and multifamily mortgage borrowing and lending expected to rise 29% from 2023’s estimated total of $444 billion.
Read More »Home Price-to-Income Ratios Continue to Rise
In 2022, the median sale price for a single-family home in the US was 5.6 times higher than the median household income—higher than at any point on record, dating back to the early 1970s.
Read More »National Property Preservation Conference Returned to Washington, D.C.
The annual National Property Preservation Conference once again brought together a cross-section of field services vendors, mortgage servicing professionals, and representatives of government agencies and the GSEs to “discuss pressing issues and develop solutions.”
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