The Federal Housing Finance Agency has announced the acceptance of membership applications for its Advisory Committee on Affordable, Equitable, and Sustainable Housing to discuss a wide range of housing topics, including fair lending, fair housing, civil rights, single- and multifamily lending, and community advocacy.
Read More »Examining Discrimination, Financial Barriers in the Homebuying Process
Nearly one in six prospective homebuyers across different races and ethnicities reported facing some form of discrimination during the homebuying process, according to the National Association of Realtors. Others cited their primary reasons for stalling their home purchase as waiting for mortgage rates and home prices to decline, alongside a lack of available homes within their budget.
Read More »Return-to-Work Mandates Motivating Home Sellers to Relocate
According to a new Redfin study, while nearly one in five homeowners surveyed plan to sell their home in the next year, new jobs and return-to-work mandates are forcing some to sell their home quickly, and at a loss.
Read More »Freddie Mac CEO DeVito Announces Retirement
Michael J. DeVito will move on from the role of CEO in the first quarter of 2024, as the GSE is set to begin its search for a successor to the position.
Read More »Housing Demand Outweighs Supply as Home Prices Continue to Rise
While mortgage-purchase applications fell to a 28-year low in August, the median U.S. home-sale price is up nearly 5% year-over-year. Due to a severe lack of inventory, high housing costs continue to dampen homebuying demand, according to a new report from Redfin.
Read More »San Francisco Homes Being Sold for Nearly $100k Below Purchase Price
Home price declines are causing Americans to lose money when selling their homes, according to a new report from Redfin, which showed that the typical homeowner in San Francisco who took a loss while selling sold their home for roughly $100,000 less than they bought it for.
Read More »HUD Awards Nearly $130M to Boost Tribal Affordable Housing
Twenty-two awards, totaling approximately $128 million, have been awarded by HUD to Tribal communities nationwide for the construction of new housing units and increase affordable options for low-income Native American families.
Read More »HUD Reveals Updated Fair Market Rents, $113M in Housing Vouchers
The U.S. Department of Housing and Urban Development announced a 12% increase in Fair Market Rents across the U.S., in addition to making $113 million available in Housing Choice Vouchers to public housing agencies to help families meet rising housing costs.
Read More »Purchase Lending, Refinance, and Home Equity Activity Rebounded in Q2
ATTOM's latest Residential Property Mortgage Origination Report showed purchase lending led the way in Q2, spiking nearly 30%, while overall refinance and home equity activity also rose after eight straight quarterly declines.
Read More »Pending Home Sales Get Monthly Bump, But Still Down YoY
A new report from the National Association of Realtors revealed contract signings rose in July, as pending home sales also increased for the second month in a row, according to NAR's latest Pending Home Sales Index.
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