Home sellers are increasingly ceding to the mounting pressure on affordability posed by rapid mortgage rate hikes, reported Redfin, Seattle.
Category: News and Trends
MBA Human Resources Symposium Sept. 8-9
The Mortgage Bankers Association’s annual Human Resources Symposium takes place Sept. 8-9 in Arlington, Va.
MBA Advocacy Update July 5, 2022
Last week, The Wall Street Journal published a letter to the editor from MBA President and CEO Bob Broeksmit, CMB, highlighting how Special Purpose Credit Programs are an effective way for lenders to help serve minority homebuyers safely and sustainably.
MBA Annual Convention & Expo in Nashville Oct. 23-26; Early Registration Ends Aug. 1
Meet industry innovators and experts at the Mortgage Bankers Association’s Annual Convention & Expo 2022, taking place Oct. 23-26 at Music City Center in Nashville/
Dealmaker: Walker & Dunlop Completes $92M Miami Multifamily Sale
Walker & Dunlop, Bethesda, Md., sold First Apartments, a Class A apartment in East Little Havana near downtown Miami, for $92 million.
Net Lease Retail, Office Cap Rates Expand
The Boulder Group, Wilmette, Ill., said single-tenant retail and office net lease cap rates increased slightly in the second quarter as interest rates and inflation increased.
The Week Ahead, July 5, 2022: Five Things to Know
Good morning and happy Tuesday! We hope you had a safe and happy Independence Day holiday. Here’s what’s happening this week:
MBA Chart of the Week July 1, 2022: Projected Excess Supply of Housing from the Aging of Baby Boomers
The Research Institute for Housing America, MBA’s think tank, released a special report, “Who Will Buy the Baby Boomers’ Homes When They Leave Them?”, authored by Gary Engelhardt of Syracuse University. The report examines population aging, mortality and the future of the housing market.
Quote
“Data on home tours, offers and mortgage purchase applications suggest that homebuyers have noticed the shift in power and are no longer leaving the market in droves.”
–Redfin Chief Economist Daryl Fairweather.
Record-Breaking Home Prices, Rents Likely to Cool
After a record-shattering 2021, the housing market has reached an inflection point, according to the Harvard Joint Center for Housing Studies, Cambridge, Mass.