MISMO Issues Updated Engineering Guideline 7
MISMO®, the real estate finance industry standards organization, released its updated MISMO Engineering Guideline (MEG) 7, which establishes class words that enable consistency in naming and structure of data point names.
Homebuyers on $2,500 Monthly Budget Lose $118,000 in Spending Power in 2022
Redfin, Seattle, said a homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled.
‘Brick & Mortar Here to Stay’
Cushman & Wakefield, New York, said brick and mortar stores will remain a crucial part of the retail sector even if e-commerce grows.
Initial Claims Down 2,000
Initial claims for unemployment insurance edged back toward pre-pandemic levels after hitting a five-month high earlier this spring, the Labor Department reported Thursday.
May Mortgage Application Payments Rise to $1,897
Homebuyer affordability was largely unchanged in May, with the national median payment applied for by applicants up slightly to $1,897 from $1,889 in April, according to the Mortgage Bankers Association's monthly Purchase Applications Payment Index.
