Homebuyer affordability improved in June, with the national median payment applied for by purchase applicants decreasing to $2,167 from $2,219 in May.
Category: News and Trends
MBA: Delinquency Rates for Commercial Property Loans Declined Slightly in Second Quarter of 2024
Delinquency rates for mortgages backed by commercial properties declined slightly during the second quarter of 2024.
Nearly 1 in 4 Sellers Cut Prices as Inventory Grows: Zillow
Home listings are piling up as buyers step back from the peak of home shopping season faster than normal, according to Zillow, Seattle.
Freddie Mac Forecasts Low Rent Growth Amid High-Supply Headwinds
Freddie Mac Multifamily, McLean, Va., expects multifamily performance to remain muted for the remainder of the year as the market works through a historically high supply of new units.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.2% from one week earlier, according to the Mortgage Bankers Association’s Weekly Applications Survey for the week ending July 19, 2024.
Rob Chrane & Chris Mock: Improving Affordability Despite an Uncertain Mortgage Environment
While financial institutions face the challenge of increasing originations and balancing the risk associated with loan affordability, a data-driven approach can help lenders expand the pool of potential borrowers.
Quote: July 25, 2024
“Homebuyer affordability conditions improved for the second straight month as declining mortgage rates continue to increase purchasing power and is enticing some borrowers back into the housing market.”
–Edward Seiler, MBA Associate Vice President of Housing Economics and Executive Director of the Research Institute for Housing America
CloudVirga’s Maria Moskver Talks AI in the Mortgage Industry–An MBA Newslink Q&A
MBA Newslink recently interviewed Maria Moskver, CEO of CloudVirga, Irvine, Calif., about a new whitepaper she worked on regarding Artificial Intelligence in the mortgage industry.
Zelman & Associates: Apartment Transactions Survey Shows Stronger Supply Index
Zelman & Associates, a Walker & Dunlop company, New York, released its latest apartment transactions survey, finding that the supply-demand spread moderated in June after some imbalance in the first three months of the year.
Odeta Kushi From First American: The Tale of Two Markets Continues…For Now
Even with more existing-home inventory on the market than last year, today’s potential home buyers face one of the least affordable markets in history due to record-high and still-rising home prices and elevated mortgage rates.