On Tuesday, MBA and the California MBA submitted a letter to the California Privacy Protection Agency to express member concerns with recent proposed regulations, which will implement the California Privacy Rights Act. Also last week, FHFA announced its intent to establish a Federal Advisory Committee on Affordable, Equitable and Sustainable Housing.
MISMO®, the real estate finance industry standards organization, released an enhancement to the Industry Loan Application Dataset, an industry standard for the exchange of loan application information.
Office absorption remains negative even though office-using employment increased by 1.9% in the first half of the year, adding 635,000 jobs, reported Cushman & Wakefield, Chicago.
In this MBA Chart of the Week, we examine how market transitions are affecting homebuyer affordability.
Redfin, Seattle, said would-be sellers are reluctant to list their homes as they have begun to see prices come down. With few new listings, buyers’ newfound bargaining power is reaching its limit, especially now that demand has stabilized.