Affordability issues are officially taking a toll on the market as the average asking price of a newly listed home is off 1.5% from its peak in spring in light of the rapid rate increase by the Federal Reserve in June. ...
Read More »Ginnie Mae/Fed Bank of Chicago Program Reaches MBS Milestone
With the Mortgage Partnership Finance Program having surpassed $3 billion in mortgage-backed securities issuance, Ginnie Mae President Alanna McCargo noted that "the milestone demonstrates [the program’s] value in the marketplace.
Read More »Inventory Makes a Recovery in June
Those experiencing woes due to the lack of available inventory may see relief on the horizon as early June numbers show that for-sale homes available to buyers climbed 18.7%—the fastest yearly pace of all time—according to Realtor.com’s Monthly Housing Trends ...
Read More »PropTech Aims to Bring Efficiency to the Market
PropTech, or the amalgamation of FinTech and real estate, has been a growing trend recently with the word popping up in conversation more and more often. The ultimate goal of PropTech is to make real estate transactions more efficient, leading to ...
Read More »Government Regulators Make Progress in Addressing Climate-Related Risks
A brand-new scorecard, researched and released by Ceres, shows that federal financial regulators are taking numerous and broad steps to tackle the financial risks of climate change, as outlined by the Biden Administration, in a “clear sign” of regulatory process ...
Read More »What More Can Be Done to House the Homeless?
Working to address the homelessness crisis throughout the country, the Urban Land Institute (ULI) has released a new report investigating how the real estate community is working to address this crisis on a nationwide scale. Overall, the report shows how ...
Read More »A Look at the GSEs’ Equitable Housing Finance Plans
Don Layton, Former CEO of Freddie Mac, lays out four major points the GSEs should consider as related programs go online.
Read More »Demand for Vacation Homes Returns to Pre-Pandemic Norms
Vacation homes became all the rage early in the pandemic, with demand peaking at 90% above normal levels in March 2021. But today, the apparent demand for second properties or vacation homes has fallen to “normal” levels, or at least to ...
Read More »ROI on Home Flips Falls to Lowest Level Since 2009
Despite home-flipping rates reaching new highs, representing 9.6% of total home sales in Q1, ATTOM reports that profit margins on flips hit a 13-year low.
Read More »HUD Allocates $30M+ in Funding for State, Local Fair Housing
The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced it has allocated $30.1 million in noncompetitive funding for HUD’s state and local fair housing enforcement agencies across the country under its Fair Housing Assistance Program (FHAP). The FHAP ...
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