Mortgage applications decreased 5.6% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Feb. 23, 2024.
Category: News and Trends
Miami No. 1 Rental Market, RentCafe Finds
RentCafe, Santa Barbara, Calif., compiled a report on the hottest rental markets for the beginning of 2024, finding Miami takes the top spot, but many markets in the Midwest are also popular.
S&P CoreLogic Case-Shiller HPI: 5.5% Annual Home Price Gain in December
The S&P CoreLogic Case-Shiller Home Price Index reported a 5.5% annual gain in December, up from 5% in November.
Tim Von Kaenel from CI&T: Why Now’s the Time to Make Your LOS Do What You Want it To–And 3 Strategies to Consider
No LOS will meet every single need. But if you have a clear vision for what you want out of your LOS and your current platform isn’t delivering, then switching might make sense.
New Home Sales Increase Slightly in January
Sales of new single‐family houses increased 1.5% from December and 1.8% year-over-year to a seasonally adjusted annual rate of 661,000 in January, the U.S. Census Bureau and the Department of Housing and Urban Development reported Monday.
MBA Education Path to Diversity Scholar Profile: Dawn Hooper, AMP
(One in a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
MBA DEI Playbook Member Resource
MBA and its member companies continue to make significant strides in furthering diversity, equity and inclusion (DEI) within the real estate finance industry. It is our collective mission to ensure that our industry’s workforce reflects the communities we serve.
Susan Graham of FICS on APIs in Mortgages: Driving Efficiency and Connectivity
The mortgage landscape has been dramatically reshaped in recent years due to the explosive growth of automation and technology. One crucial element that has emerged as the linchpin of this financial revolution is interconnection.
Dealmaker: Ease Capital Provides $32M in Bridge Financing for Virginia Beach Multifamily
Ease Capital, New York, provided Community Investment Group, Chesapeake, Va., with $32 million for the purchase and renovation of Dove Landing Apartments, a 318-unit garden-style multifamily community in Virginia Beach, Va.
Redfin Reports Florida Condo Prices Falling as Insurance; HOA Fees Skyrocket
Prices of condos in some major Florida metros are dropping year-over-year and sales are declining as insurance costs and homeowners association fees climb, according to Redfin, Seattle.