Veterans United Home Loans, Columbia, Mo., conducted a recent survey to shed light on the use of Artificial Intelligence in homebuying. Thirty-two percent of prospective buyers reported using such tools as part of their process.
Category: News and Trends
Quote of the Day
“The rate of all-cash sales remains high because when housing is expensive–like it is now–wealthier Americans who can afford to pay cash are more likely than lower-income Americans to be buying homes.”
–Redfin Senior Economist Sheharyar Bokhari
Zombie Foreclosures Still Quite Low in Q1
ATTOM, Irvine, Calif., released its first-quarter 2025 Vacant Property and Zombie Foreclosure Report, finding that 1.4 million residential homes in the U.S. are vacant.
MISMO Calls for Industry Input in Development of New Tool to Simplify Standards Adoption
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on artifacts introduced or updated to support creation of Unique Identifiers (Unique ID) for the MISMO Reference Model. The 60-day public comment period will run through April 21, 2025.
Enact’s Mary Kay Scully: Finding Work-Life Balance in a Fast-Paced Mortgage Industry
As mental health becomes an increasingly important focus in today’s workplace, achieving a healthy work-life balance has never been more relevant.
January New Home Purchase Mortgage Applications Decreased 6%
The Mortgage Bankers Association Builder Application Survey data for January 2025 shows mortgage applications for new home purchases decreased 6% compared with a year ago.
MISMO Calls for Industry Input on New Version 3.6.1 Reference Model
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on the new Version 3.6.1 MISMO Reference Model, which includes new data points, containers, and enumerations to support regulatory requirements and other mortgage industry business content. The 60-day public comment period will run through April 20, 2025.
May 14-17: MBA Legal Issues and Regulatory Compliance Conference
Mark your calendar: MBA’s Legal Issues and Regulatory Compliance Conference takes place in San Diego from May 14 through 17.
Quote of the Day
“Applications to purchase newly constructed homes rebounded 19% from December, but decreased from a year ago, the first annual decline in two years.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Builder Confidence Falls on Tariff, Housing Cost Concerns
Builder sentiment fell sharply in February over concerns on tariffs, elevated mortgage rates and high housing costs, the National Association of Home Builders/Wells Fargo Housing Market Index reported.