MBA Statement on Changes to FHA’s Calculation of Student Debt
Statement by MBA President and CEO Bob Broeksmit, CMB, regarding the announced changes to FHA’s calculation of student debt:
More than Half of Homes Selling Above List Price
The national median home-sale price hit a record high $377,200 in May, up 26% year over year, reported Redfin, Seattle.
Initial Claims Rise for First Time Since April
Initial claims for unemployment insurance rose for the first time in seven weeks and rose above the 400,000 mark for the first time since mid-May, the Labor Department reported Friday.
Apartments Grow as Work from Home Spreads
RENTCafé, Santa Barbara, Calif., reported many apartments are growing larger, in part due to increased working from home.
MISMO Approves Commercial Appraisal Dataset Standard
MISMO, the real estate finance industry's standards organization, announced availability of its updated Commercial Appraisal Dataset standard.
May New Home Purchase Mortgage Applications Decline
Mortgage applications for new home purchases fell for the second straight month amid tight inventories and sharply rising prices, the Mortgage Bankers Association reported Thursday.