During a recent House Financial Services Subcommittee on Financial Institutions and Monetary Policy meeting, Greg Coleman of the Office of the Comptroller of the Currency noted that “the OCC’s role is to ensure that national banks and federal savings associations understand their climate-related financial risks and develop comprehensive risk management frameworks and capabilities to identify, measure, monitor and control those risks.”
Read More »Real Estate Investors Favor Rentals Over Fix-and-Flip Opportunities
A new survey from RCN Capital and CJ Patrick Company has found that investor activity appears to be more skewed toward rental properties than fix-and-flip properties, citing the increased cost of financing and limited inventory as major challenges.
Read More »Wildfire Impacts on California Property Values
Properties in California in high probability areas for wildfires experienced much slower appreciation than other properties in safer areas.
Read More »Americans Are Still Moving to Risky, Disaster-Prone Areas
Climate change does not seem to be factoring into homebuyers' decisions on where they are purchasing homes according to Redfin, as nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022—an increase of 103% over the two years prior.
Read More »Freddie Mac Approaches $1.4B Single-Family Green Securities Issuance in 2022
The size of the GSE’s Green MBS issuance doubled from 2021 to 2022, reflecting market demand for green homes and environmentally focused investments.
Read More »Nationwide Home Sales Inched Forward in June
June is typically the biggest month for home sales, according to the latest RE/MAX National Housing Report, with month-over-month sales rising 5.4% from May. Meanwhile, the average close-to-list price ratio was 100%, meaning homes sold for their average asking price.
Read More »Renters Look Favorably on Southern, Midwestern Markets
According to a new study from RentCafe, rental season is nearing its peak, as new data reveals Southern and Midwestern markets dominated the list of the top 30 most desired cities for renters, with Arlington, Virginia ranked as the most in-demand city for renters in July.
Read More »Seriously Delinquent Loans Fall to Levels Last Reported in 2006
According to Black Knight, the number of serious delinquencies (90-days or more past due) dropped to 471,000 units, the lowest reported since August 2006, a 27% year-over-year drop.
Read More »Economic Pessimism Forcing Lenders to Prioritize Cost-Cutting Measures
Mortgage lenders cited "cost-cutting" as their most important business priority for the second year in a row, according to Fannie Mae's latest Mortgage Lender Sentiment Survey.
Read More »Investor Purchases Propel the SFR Market
A new study from the Harvard Joint Center for Housing Studies details eight key traits the single-family rental market has exhibited over the past two decades, highlighting the importance of this market to the nation’s housing supply.
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