Despite a gradual slowdown in annual rent growth, concerns about affordability remain nationwide as the median asking rent in the 50 largest metros analyzed increased, while Realtor.com's March 2023 Rental Report revealed a tight labor market could keep rent prices high.

HUD will introduce rulemaking, establish a process for individualized assessments, and outline guidelines for public housing authorities to remove barriers to safe, affordable housing for people with criminal records.

The Consumer Financial Protection Bureau announced a revised version of its Methodology for Determining Average Prime Offer Rates, used to measure and determine average rates for purposes of federal mortgage rules.

The rate ticked down 53 basis points to end March at its lowest level ever.

About 30% of 25-year-olds owned their own home in 2022, higher than the 27% rate of the previous generation.

According to Fannie Mae's Economic and Strategic Research Group, experts project the gradual tightening in credit conditions due to recent bank turmoil will contribute to a modest recession beginning in the second half of 2023. Click here to learn more.

While lenders have been adding eSign capabilities to all stages of the origination process for years, implementing eSign and RON technology into the loss mitigation process would be a completely new experience for many new servicers. 

As the spring season brings out more renters looking for apartments, a new report from RentCafe revealed that Atlanta leads as the most in-demand city, while popular metros like Denver and Manhattan are close behind.

"Compared to last year, there's a lot to like about this housing market, including lower prices and less competition for available listings," said Nick Bailey, RE/MAX President and CEO. "Although it would be good to see more new listings coming onto the market, the current conditions offer potential for home buyers and sellers alike."

CoreLogic’s latest analysis of straight-line winds, tornadoes, hail, and severe thunderstorms has found that storms in 2022 accounted for an average annual loss of more than $17 billion, with hail damage accounting for more than $11 billion of those losses.