“Mortgage market conditions were challenging last year because of higher mortgage rates, low housing inventory and weaker housing affordability.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
Category: News and Trends
GDP Grew at 1.6% in Q1; Industry Economists Weigh In
Real gross domestic product increased at an annual rate of 1.6% in the first quarter, per the advance estimate released by the Bureau of Economic Analysis.
MBA’s Single-Family Research Showcase, June 25-26
A two-day online event, the Single-Family Research & Economics Showcase highlights the most current results and insights from MBA’s residential surveys, forecasts and reports.
Upcoming MBA Education Offerings
MBA Education is your resource for results-oriented training and education. Through an extensive list of course offerings and designation and certificate programs, we provide the industry information, skills and tools to help you advance your career.
Residential Certified Mortgage Servicer (RCMS) Designation
Designed to carry you through the process of onboarding through career advancement and setting yourself apart, the Residential Certified Mortgage Servicer (RCMS) Certificate and Designation program is a comprehensive program comprised of three levels.
Redfin: Florida, California Homeowners See More Insurance Changes
Redfin, Seattle, recently reported 70.3% of Florida homeowners and 51% of California homeowners say they or the area they live in have been affected by rising home insurance costs or changes to coverage over the past year.
Get Involved in MAA Action Week: April 29 – May 3
MBA’s annual Mortgage Action Alliance (MAA) Action Week is arriving soon, April 29 – May 3. Sign up today and promote the importance of advocacy within your company or organization.
Tavant’s Hassan Rashid on Unlocking Home Equity: A Strategic Move for 2024
As we make strides into 2024, American homeowners find themselves amidst an intriguing landscape of financial opportunities, particularly concerning the utilization of home equity.
Quote: April 25, 2024
“Homeowners living in areas where insurance premiums are surging are at risk of seeing their properties gain less value than homeowners in areas with stable premiums—and in some cases, they may even lose money.”
–Redfin Chief Economist Daryl Fairweather
New Home Sales Reach Strongest Pace Since September
Sales of new single‐family houses increased 8.8% in March to a seasonally adjusted annual rate of 693,000, according to the U.S. Census Bureau and HUD.