June Pending Home Sales Dip 1.9%

Pending home sales declined marginally in June after a sizable gain in May, the National Association of Realtors reported Thursday.

2Q GDP Heats Up Some More

Real gross domestic product increased at an annual rate of 6.5 percent in the second quarter, according to the “advance” (first) estimate reported Thursday by the Bureau of Economic Analysis.

Initial Claims Continue to Drop

Initial claims for unemployment insurance continued to decrease to pre-pandemic levels, the Labor Department reported Thursday.

Multifamily Nearing Pre-Pandemic Trends

Demand for multifamily housing now exceeds pre-pandemic levels, and Freddie Mac Multifamily projects rising rents, falling vacancies and a record-setting origination market in 2021.

CFPB: Rental Assistance Available as Eviction Moratorium Expiration Approaches

As the July 31 federal eviction moratorium expiration approaches, the Biden administration, Consumer Financial Protection Bureau, the Mortgage Bankers Association and industry groups are working together to inform apartment owners and renters about the rental assistance programs available to them.

Quote

“We believe Ms. Gordon is highly qualified for this important position…She also has the skills, experience and relationships to bring people together, both within FHA and among stakeholders, to address challenges collaboratively and effectively.”
–From an MBA/trade group letter urging Senate confirmation of Julia Gordon as FHA Commissioner.

Seth Appleton: How MISMO Standards Are Helping The Industry Achieve Higher Tech Adoption

At the recently concluded MISMO Spring Summit–which set an attendance record for the organization–two related themes emerged during many of the event’s “Going Digital” sessions. Experts throughout the four-day event agreed that technology adoption and data trust are two business challenges that must be solved so the industry can truly “go digital” and realize the benefits that come along with it.