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Category: News and Trends
Redfin: 44% of Sellers Are Giving Concessions
Redfin, Seattle, found home sellers gave concessions to buyers in 44.4% of transactions in the first quarter.
ICE First Look: Delinquencies Edge Up in March Year-Over-Year
Intercontinental Exchange released its March First Look report, showing the delinquency rate was up slightly year-over-year to 3.21%.
Quote of the Day
“Buyers used to ask for concessions to cover little things like repairs. Now they’re negotiating concessions so they can afford to buy a home.”
–Redfin Agent Chaley McVay
Hotel Construction Declines for Third Consecutive Month
The number of U.S. hotel rooms under construction decreased year-over-year for a third consecutive month, according to CoStar, Washington, D.C.
Quote of the Day
“Homebuyer affordability conditions improved slightly in March as lower mortgage rates spurred renewed activity in the housing market.”
–MBA’s Edward Seiler
MBA: Mortgage Application Payments Decreased 1.4% to $2,173 in March
Homebuyer affordability improved in March, with the national median payment applied for by purchase applicants decreasing to $2,173 from $2,205 in February.
Down Payment Resource: 43 New Assistance Programs Added in Q1 2025
Down Payment Resource, Atlanta, released its Q1 2025 Homeownership Program Index report, finding that 43 programs were added in the quarter. That brings the total number of available programs to a report high of 2,509.
Total Commercial Real Estate Borrowing and Lending Increased 16% in 2024, MBA Reports
Total commercial real estate mortgage borrowing and lending is estimated to have totaled $498 billion in 2024, a 16% increase from the $429 billion in 2023, and a 39% decrease from $816 billion in 2022.
MBA Premier Member Editorial: Is the Rocket-Mr. Cooper Deal A Catalyst for Change in Mortgage Servicing?
The recent announcement of Rocket’s acquisition of Mr. Cooper represents more than just another M&A deal–it marks the beginning of a fundamental shift in how the market’s largest players view servicing portfolios and technology infrastructure, Blend’s Nima Ghamsari writes.