The Mortgage Bankers Association and nearly 40 industry trade groups, community organizations and real estate businesses yesterday asked President Joseph Biden Jr. to include a $25 billion Housing Assistance Fund as part of the Administration’s proposed $1.9 trillion pandemic relief package.
Housing starts rose for the second straight month in December and finished the year at its strongest pace since 2006, HUD and the Census Bureau reported yesterday.
HUD yesterday extended the moratorium on FHA single-family foreclosures and evictions through Mar. 31.
Initial claims for unemployment insurance fell by 26,000 from the week before, the Labor Department reported yesterday, but remain elevated in the wake of economic instability resulting from the coronavirus pandemic.
RE/MAX, Denver, said December home sales increased more than 20% year-over-year amid record-low housing inventories.
Investors are largely optimistic about a commercial real estate market rebound later this year, said Colliers International, Toronto.