Chart of the Week: New Home Inventory by Stage of Construction

While there was a shortage of single-family homes for sale due to underbuilding since the Great Recession, home builders increased production to meet the surge in demand that began 2020-2021, when mortgage rates were at historic lows.

Access MBA Education’s Updated Single-Family Appraisals Training

MBA Education has updated its Introduction to Single-Family Appraisals series to align with the new Universal Residential Appraisal Report (URAR) and Uniform Appraisal Dataset (UAD 3.6), one of the most significant appraisal changes in years.

MBA: Mortgage Credit Availability Increased in March

Mortgage credit availability increased in March according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.

MCT: Spring Purchase Demand Holds Firm Despite Rising Rates

Mortgage Capital Trading, San Diego, found a modest increase in overall lock volume activity in March, driven largely by a strong spring purchase market that offset a notable pullback in rate/term refinancing.

Auction.com Finds Auction Buyers Growing More Bearish

Local community developers–the primary buyers at distressed property auctions–are the most bearish they’ve been in the last five years about the U.S. housing market, a new survey from Auction.com reports.