On Wednesday night, Julia Gordon was confirmed by the Senate to be the Assistant Secretary for Housing and FHA Commissioner at HUD. MBA President and CEO Bob Broeksmit, CMB, penned a new blog post discussing how policymakers can empower mortgage lenders to deliver more relief to borrowers.
Rising interest rates and increased prices of goods and services placed pressure on the consumer wallet in the first quarter. Despite the challenges, consumers remain well positioned from a consumer credit perspective, according to the Quarterly Credit Industry Insights Report from TransUnion, Chicago.
Demand for homes is falling, but homes are still selling fast as the buyers who remain rush to beat rapidly rising mortgage rates, said Redfin, Seattle.
The small-cap commercial real estate market has grown to $3.4 trillion in dollar value, reported Boxwood Means LLC, Stamford, Conn.
Housing markets are tight. Multifamily developers are responding. Developers are currently building 800,000 new homes in buildings with 5 or more units – the most since the mid-1970s – and will put-in-place a record $100 billion of multifamily housing construction this year.