MBA’s Bob Broeksmit Testifies at House Hearing on Beneficial Basel III Re-proposal Recommendations for Real Estate Finance
MBA President and CEO Bob Broeksmit, CMB, testified at a legislative hearing titled, “Prioritizing Main Street: Evaluating the Impact of Capital Proposals on Economic Growth and American Communities,” before the House Financial Services Committee.
Foreclosure Auction Volume Hits Six-Year High, Auction.com Finds
Auction.com, Irvine, Calif., released its Q1 Auction Market Dispatch, finding that completed foreclosure auctions reached 66% of their Q1 2020 level, and were up 10% from Q4 and up 33% year-over-year. That’s also a six-year high.
How Have Home Prices Versus Income Grown Since 1980?
A new report from Best Interest Financial, St. Clair Shore, Mich., and Clever Real Estate, St. Louis, Mo., analyzed how the median U.S. home price and the median household income have each changed since 1980.
MBA Economist Weighs In on Q1 GDP Figures
The Bureau of Economic Analysis April 30 released Q1 gross domestic product advance estimate data, finding that it increased at an annual rate of 2%.
Federal Reserve Holds Rate Steady; MBA Economist Mike Fratantoni Comments
The Federal Reserve on April 29 held interest rates steady, maintaining the federal funds rate in its current range of 3.5% to 3.75%.
