Existing-home sales dipped in May as the median sales price climbed to a record high, the National Association of Realtors reported Friday.
Category: News and Trends
Quote: June 24, 2024
“If the Fed makes a move in September and mortgage rates fall some, the end of the year could be more promising for home sales.”
–CoreLogic Chief Economist Selma Hepp
Dealmaker: Calmwater Capital Funds $34M for Refinance of Colorado Apartment Community
Calmwater Capital, El Segundo, Calif., provided The Prime Co. with $34 million in first mortgage debt to refinance a multifamily property in Englewood, Colo., near Denver.
Odeta Kushi from First American: Twin Market Dynamics Stifling Existing-Home Sales
The housing market is struggling to gain momentum with mortgage rates above their levels from a year ago. Higher rates have a dual impact on sales – pricing out buyers who lose purchasing power and keeping some potential sellers rate-locked in.
CoreLogic: U.S. Single-Family Rents Grew 3% in April
Single-family rents nationwide grew 3% year-over-year in April, CoreLogic, Irvine, Calif., reported, consistent with growth recorded over the past year.
Home Flipping Up in Q1, ATTOM Reports
ATTOM, Irvine, Calif., released its first-quarter 2024 U.S. Home Flipping Report, finding that 67,817 single-family homes and condos were flipped in the quarter. That’s 8.7% of all home sales nationwide during the period.
About the MISMO Innovation Investment Fee
MISMO, the real estate finance industry’s standards organization, launched the Innovation Investment Fee in 2021 to allow lenders to support the important work necessary to foster efficiency, cost reduction, interoperability, digital transformation and innovation in the mortgage process and much more.
FHFA Requests Input on Federal Home Loan Bank Affordable Housing Program’s Application Process
The Federal Housing Finance Agency requests input on ways to improve the Federal Home Loan Banks’ processes for applying for Affordable Housing Program funding.
Revenue Retention Requires Rigorous QC, Compliance Adherence: Sponsored Content from ACES Quality Management
Learn how lenders are managing loan quality and maintaining compliance amid new Fannie Mae policies and compliance challenges.
State of the Nation’s Housing Report: Costs Strain Owners and Renters Alike
Both homeowners and renters are struggling with high housing costs, the Harvard Joint Center for Housing Studies reported.