The average sales price of new manufactured homes rose by 58% between 2018 and 2023, compared to a 37% increase for new site-built single-family homes (excluding land), according to LendingTree, Charlotte, N.C.
Category: News and Trends
Asking Rents Fall; Renters Can Afford Larger Spaces, Redfin Finds
Redfin, Seattle, released two analyses of the current rental market, including the finding that the median asking rent fell 0.7% year-over-year in November to $1,595.
Why You Should Participate in MBA Residential Committees, Councils and Networks
The Mortgage Bankers Association has more than three dozen opportunities for participation on MBA residential committees, councils and networks, to formulate policy, connect with colleagues and further the success of the real estate finance industry.
CoreLogic: National Homeowner Equity Up 2.5% in Q3
CoreLogic, Irvine, Calif., found that U.S. homeowners with mortgages saw equity increase by $425 billion since Q3 2023—a gain of 2.5% year-over-year.
Federal Housing Partners to Provide Updates to MISMO Winter Summit Attendees
As part of Education Day at the MISMO Winter Summit, representatives from the U.S. Department of Veterans Affairs, Freddie Mac, Fannie Mae, and the U.S. Department of Housing and Urban Development will provide updates on and insights into some of the most impactful issues in housing.
Quote of the Day
“Owen’s longstanding commitment to Opens Doors and his passion for helping to keep families in their homes, and Mary’s extensive philanthropic background, will greatly enhance our work in support of the Opens Doors’ mission.”
–Debra W. Still, CMB, Vice Chair of Pulte Financial Services, and Opens Doors Foundation Chairman
A Rebound is Here. With It, a New Way to Recruit and Retain Good LOs–Certainty Home Lending CEO Franco Terango
A convergence of digital transformation, market demand and other substantial changes have changed the landscape for attracting and keeping originators
Unveiling the Power of Analytics in Talent Acquisition: Heidi Iverson from MMI
In an industry where the competition for top talent is fierce and the stakes are high, a data-driven strategy is essential to ensure hiring managers engage with candidates who fulfill specific criteria.
Quote of the Day
“Applications increased 5%, driven by a 27% surge in refinance activity, as borrowers with higher rates acted on the chance to lower their payments. VA refinance applications were up 85% from the previous week, matching some of the larger swings in VA activity reported in recent months.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 5.4% from one week earlier, according to MBA’s Weekly Mortgage Applications Survey for the week ending Dec. 6, 2024.