The National Association of Realtors, Chicago, reported pending home sales in January from December dropped 4.6%.
Category: News and Trends
ATTOM: Refinance Activity Up in Q4 Amid Continued Challenges
ATTOM, Irvine, Calif., released its fourth-quarter 2024 U.S. Residential Property Mortgage Origination Report, showing that 1.64 million mortgages secured by residential property were issued in the United States during Q4.
Quote of the Day
“Homebuyer affordability conditions declined further in January as volatile mortgage rates and high home prices continue to impact many prospective buyers’ purchasing power.”
–Edward Seiler, MBA’s Associate Vice President, Housing Economics, and Executive Director, Research Institute for Housing America
MBA: Mortgage Application Payments Increased 3.7% to $2,205 in January
Homebuyer affordability declined in January, with the national median payment applied for by purchase applicants increasing to $2,205 from $2,127 in December.
New-Home Sales Drop in January, Census Bureau, HUD Report
New single-family homes in January sold at a seasonally adjusted annual rate of 657,000, according to estimates released Feb. 26 by the U.S. Census Bureau and Department of Housing and Urban Development.
Dealmaker: M&T RCC Closes $38.71M Loan for New York City Property
M&T Realty Capital Corp., Baltimore, provided $38.71 million in financing via a Freddie Mac Targeted Affordable Housing loan for a property in Long Island City, Queens, New York.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 21, 2025.
Quote of the Day
“Mr. McKernan’s deep regulatory experience at the FDIC, the Federal Housing Finance Agency and the Treasury Department, in private law practice, and as a former Senate staffer–coupled with his background working on housing policy–makes him a strong choice to lead the regulatory reforms necessary to lower compliance costs and pass those savings along to prospective homeowners and renters.”
–MBA letter on the nomination of Jonathan McKernan to be the next Director of the Consumer Financial Protection Bureau
CBC Mortgage Agency’s Miki Adams: Now is the Time to Advocate for Wider Access to Homebuyer DPA Assistance
As mortgage lenders, brokers, and industry professionals, it’s essential to understand the value Down Payment Assistance programs bring—both to potential homebuyers and the broader community.
CBRE Forecasts Steady Hotel Sector Growth
CBRE, Dallas, forecasts that hotel revenue per available room will grow steadily in 2025 and urban locations will outperform due to improved travel and the recovery of inbound international travel.