Both buyers and sellers should prepare for a competitive home shopping season this spring. Zillow’s latest market report shows that well-priced homes are being sold quickly, while those that linger on the market are seeing their asking prices cut.
Category: News and Trends
Down Payment Resource’s Rob Chrane: Lenders are Letting Too Many FHA Borrowers Leave DPA on the Table
Here’s the kicker: a lot of DPA goes untapped simply because buyers, lenders and agents are unaware it exists or have misconceptions about how it works and who can qualify. And that’s a shame for every participant in the housing finance and real estate market.
MBA Statement on the Biden Administration’s Housing Affordability Initiatives Warns Against CFPB Reforms on Closing Costs, Title Insurance
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Biden administration’s announcements on housing ahead of last night’s State of the Union address.
Quote: March 8, 2024
“We will further analyze these initiatives–many of which require Congressional action–as more information is released and will continue to work with the Administration, lawmakers on both sides of the aisle, and industry stakeholders on effective solutions that bolster housing supply, improve affordability for both renters and borrowers, and improve access to sustainable homeownership.”
–MBA President and CEO Bob Broeksmit, CMB, discussing the Biden administration’s housing announcements during the State of the Union address
CoreLogic: Homeowner Equity Up 8.6% in Q4 2023
CoreLogic, Irvine, Calif., released its Homeowner Equity Insights report for the fourth quarter of 2023, finding homeowners with mortgages have seen their equity increase by a total of $1.3 trillion since Q4 2022. That’s a gain of 8.6% year-over-year.
Diane Jenkins from Asurity: Hello Old Friend – Why Assumptions Are Making a Comeback
It’s no secret that mortgage lenders have seen a sharp decrease in origination volumes. Higher interest rates coupled with a shortage in housing inventory translate into a market environment where origination volumes are likely to remain depressed for the near future.
MBA NewsLink Q&A With Rice Park Capital Management’s Nick Smith and Chris Bixby
MBA NewsLink recently interviewed Nick Smith, Founder, Managing Partner and CEO of Rice Park Capital Management, Plymouth, Minn., and Managing Director of Strategic Equity Investing Chris Bixby about their perspectives on the mortgage industry.
Empower Your Real Estate Economic IQ at the mPact Summit in Plano, Texas–April 4
Join your real estate industry young professional peers for MBA mPact’s second annual Summit on Thursday, April 4.
Mortgage Credit Availability Increased in February
Mortgage credit availability increased in February according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
RealPage: Apartment Occupancy by Type Returning to Pre-Pandemic Norms
RealPage, Richardson, Texas, reported occupancy among unit types is rebounding to pre-COVID patterns. Specifically, three-bedroom unit occupancy–which hit record highs in 2021 and 2022–is softening.