News

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.

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.

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.

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.

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.

Ginnie Mae’s mortgage-backed securities portfolio grew to a whopping $2.49T last month. Read all the details after the link.

“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.

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.

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.

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.