Zillow, Seattle, found in its 2023 Consumer Housing Trends Report that first-time buyers now make up 50% of all buyers, up from 45% in 2022 and 37% in 2021.
Category: News and Trends
People in the News Aug. 31, 2023
People in the news from titleLOOK and Mobility Market Intelligence.
Real Estate Investors Buying 45% Fewer Homes Than Last Year, Redfin Finds
Redfin, Seattle, reported that the drop in home purchases by investors outpaced the second-quarter drop in overall home sales. Investor home purchases fell 45% from last year, compared with an overall market drop of 31%.
MISMO Publishes Servicing Transfer Catalog
MISMO, the real estate finance industry’s standards organization, announced the MISMO Servicing Transfer Catalog has reached “Candidate Recommendation” status, which means it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.
Pending Home Sales Increase Again
Pending home sales increased 0.9% in July–the second consecutive increase–the National Association of Realtors reported Wednesday.
A Conversation with FHA Commissioner Julia Gordon at MISMO Fall Summit, Sept. 18-21
The upcoming MISMO Fall Summit, September 18-21, is just around the corner. The agenda includes a conversation with FHA Commissioner Julia Gordon and the latest from the GSEs and housing agency representatives.
KBRA: Securitized Multifamily and the Housing Affordability Gap
Since 2020, greater apartment rent increases occurred in markets with higher homeownership costs as lower affordability drove up demand for rental units, reported KBRA, New York.
Cenlar’s Josh Reicher: Intelligent Automation Is Transforming Mortgage Servicing
The emergence of intelligent automation, which is the use of automation technologies–artificial intelligence, business process management and robotic process automation–is transforming how mortgage servicers do business.
Artificial Intelligence – Promise and Peril for Mortgage Lending: Sept. 21-22 in Washington, D.C.
Artificial Intelligence (AI) will fundamentally change the way we do business. But what exactly is AI, and what are these new tools like ChatGPT? What opportunities does AI present for lending? What are the risks to lenders, investors and consumers and how can the risks be properly identified and managed?
MBA Compliance and Risk Management Conference in DC Sept. 10-12
Compliance officers and inside and outside counsel will find the content they know and trust at the Mortgage Bankers Association’s Compliance and Risk Management Conference.