While overall U.S. rent growth remains slightly elevated above pre-pandemic rates, higher-priced property gains are normalizing, according to CoreLogic's latest Single-Family Rent Index.
Read More »HUD, National Association of Home Builders Unveil Innovative Housing Showcase
The U.S. Department of Housing and Urban Development and the National Association of Home Builders announced new information surrounding the Innovative Housing Showcase, held to raise awareness of innovative and affordable housing designs with the potential to increase housing supply and reduce housing expenses for owners and renters nationwide.
Read More »Continued Rate Hikes Causing Housing Market Uncertainty
”Buyers and sellers alike are looking towards the upcoming Federal Reserve meeting with hope, as some experts anticipate the reversal of rate hikes, which could potentially lead to a resurgence in activity.”
Read More »Is Spending 30% of Income on Rent the New Normal?
Moody’s Analytics U.S. State of Rent Burden report revealed the top metros where median income households bear the heaviest rent burden across the nation, as the national rent-to-income ratio crossed the 30% rent-burdened threshold in 2022.
Read More »Post-Forbearance Workout Performance Suffers in April
The MBA reports that approximately 255,000 homeowners remained in forbearance plans through April, as mortgage servicers have provided forbearance options to nearly 7.8 million Americans since April 2020.
Read More »Credit Usage Up YoY Across the Board
All types of credit, mortgages and credit cards included, were up in Q1 of 2023.
Read More »Scarce Listings Lead to Few, But Fast-Paced Home Sales
With fewer homes selling than usual this spring, new listings remain sparse, according to a new report from Redfin, resulting in homes being snatched off the market sooner as homebuyers are left with limited options to choose from.
Read More »Mortgage Delinquency Rate Falls to Second Lowest on Record
“The mortgage delinquency rate fell to its lowest level for any first quarter since MBA’s survey began in 1979 and was the second lowest quarterly rate overall, just 11 basis points above the survey low in the third quarter of 2022,” said Marina Walsh, CMB, MBA’s VP of Industry Analysis.
Read More »Study: Increase in Vacancies Slowing Rent Growth
Completed residential projects in buildings with five or more units jumped 60% year over year on a seasonally adjusted basis to 484,000 in March—the most recent month for which data is available.
Read More »The Week Ahead: Examining the Anatomy of a Banking Failure
The FHFA will host a hybrid hearing of the Appraisal Subcommittee exploring the appraisal regulatory system focusing on appraisal standards, appraiser qualification criteria, and barriers to entry into the profession.
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