News

Inventory levels are improving, and home sellers were more active this December, according to Realtor.com's Monthly Housing Market Trends Report. With the number of homes for sale growing year-over-year, experts anticipate that more new listings will enter the market in 2024.

In an agreement over non-discrimination in marketing and tenanting procedures, HUD renews its commitment to ensuring that all eligible applicants can participate in Department-funded housing programs.

This as the commercial and multifamily mortgage origination markets enter 2024 on unstable footing, with a new MBA poll reporting that 90% of respondents described today’s market as either “somewhat” or “very unsettled.”

The CFPB announced the approval of the Independent Community Bankers of America's (ICBA) proposed template to improve mortgage disclosures to "provide consumers greater clarity, streamline the process through improved disclosure requirements, and expand access to more affordable homes in rural areas with limited housing supply," according to Rebeca Romero Rainey, President and CEO of ICBA.

"Mortgage rate optimism increased dramatically this month, with a survey-high share of consumers anticipating mortgage rate declines over the next year," said Mark Palim, VP and Deputy Chief Economist at Fannie Mae.

Redfin reports that an increase in December housing supply has led to rising vacancies, motivating landlords to lower asking rents, which fell nearly 1% from a year earlier.

“The slight increase in December listings indicates the impact of lower mortgage rates is beginning to trickle down into the market, which comes as an optimistic sign as we head into the new year," said Jeremy Sicklick, Co-Founder and CEO of HouseCanary.

Based on U-Haul's annual year-end Growth Index, Florida destinations dominated the list of the top-25 destination hotspots. Here's where else people are migrating.

U.S. Attorney Ryan K. Buchanan and HUD-OIG Inspector General Rae Oliver Davis recently collaborated on an event on eliminating environmental hazards and misconduct for tenants living in HUD-assisted housing.

An upcoming hearing conducted by the U.S. House Committee on Financial Services will take a look at the leadership of HUD and how the Department’s programs have benefited millions nationwide.