Black Knight, Jacksonville, Fla., said inventory shortfalls caused home prices to re-accelerate in 2021, putting pressure on home affordability but also creating for homeowners a record amount of tappable equity.
Category: News and Trends
Home Prices Soaring in Popular Migration Destinations
Phoenix, Dallas and Orlando saw the most migration activity in the U.S.—and some of the highest home price appreciation as well, reported Redfin, Seattle.
Younger Would-Be Home Buyers Increasingly Pessimistic
The Fannie Mae Home Purchase Sentiment Index fell to its lowest level since just after the start of the pandemic as affordability constraints, particularly involving younger home buyers, continued to weigh on the housing market.
Sign the MBA Home for All Pledge
The MBA Home for All Pledge represents our industry’s long-term commitment on a sustained and holistic approach to address racial inequities in housing.
MBA Servicing Solutions Conference & Expo in Orlando Feb. 22-25
The Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022 takes place Feb. 22-25 at the Hyatt Regency Orlando.
Chris Joles of Planet Home Lending: ESG– Pay Attention, NOW
Conversations about ESG (environmental social governance) and sustainability standards have rippled from investment fund and public company arenas to mortgage banking regulators, investors and consumers. That expansion makes it critical for private companies, especially those in financial services, to consider implementing ESG now rather than later.
Quote
“Sellers are listing their homes at higher prices than ever before, partly because of huge demand in the last year from out-of-towners. I recently had a couple looking for a 2,000-square-foot home anywhere in the Austin area for under $300,000. I had to tell them it doesn’t exist.”
–Barb Cooper, a Redfin agent in Austin, Texas.
Mark P. Dangelo: Digital Transformations Meet the Metaverse
Financial executives once thought that digital transformation initiatives represented a “one-and-done” series of projects to reduce paper, improve processes, and leverage technologies. That was then. Moving forward, these financial leaders will confirm if their digital transformations were enough to succeed in the next reality—the metaverse.
MBA Advocacy Update Feb. 7 2022
Three of President Biden’s nominees to serve on the Federal Reserve’s Board of Governors faced questioning during their confirmation hearing before the Senate Banking Committee Thursday.
MBA Chart of the Week Feb. 4 2022: Job Openings for Selected Industries
In this week’s MBA Chart of the Week, we updated the JOLTS monthly data series on job openings for selected industries.