NAHB Reports Builder Sentiment Rises Above Breakeven Point

Strong demand and mortgage rates below last fall’s cycle peak helped push builder sentiment above a key marker in March, the National Association of Home Builders/Wells Fargo Housing Market Index reported Monday.

Guaranteed Rate: Home Insurance Prices Up 19% in 2023

Guaranteed Rate Insurance, Chicago, released a proprietary homeowners insurance study, finding home insurance prices increased 19% from first-half 2022 to first-half 2023 and 55% since 2019.

Quote: March 19, 2024

“Commercial mortgage delinquency rates rose again during the fourth quarter. Every major capital source has seen an increase over the last six months, as higher interest rates, uncertainty about property values, and challenges in some property fundamentals work their way through the markets.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research

Disaster Recovery: A Resource for Homeowners from MBA

The Mortgage Bankers Association released Disaster Recovery: A Resource for Homeowners, a resource paper for homeowners that outlines what to do before and after the disaster along with how to start, and then work through the recovery process.