MBA Advocacy Update Oct. 31 2022
Congratulations to Matt Rocco, Chairman of the Board and Chief Executive Officer of Grandbridge Real Estate Capital, for being sworn in as 2023 Chairman at MBA’s Annual Convention.
Pending Home Sales Fall 4th Straight Month
Pending home sales for the fourth consecutive month in September, the largest single monthly decline since onset of the coronavirus pandemic, the National Association of Realtors reported Friday, with all four regions reporting both month-over-month and year-over-year declines in transactions.
ULI, PwC: Property Markets Normalizing, But Some Pandemic-Related Changes Endure
The real estate market is bifurcating, the Urban Land Institute and PwC US reported. Some aspects are reverting to pre-covid patterns while others have permanently shifted to the post-pandemic new normal.
MBA Chart of the Week Oct. 28 2022: Year-Over-Year Changes in Origination Volume
This week’s MBA Chart of the Week examines year-over-year changes in origination volume ($ and units) dating back to 2016, and the forecasted volume from 2022 to 2025. In 2022, we expect a 15% decline in purchase origination dollars from 2021 but a steeper 27% decrease in the number of loans.
The Week Ahead, Oct. 31, 2022: All Eyes on The Fed
Good morning, and happy Monday! We’re back from Nashville, where more than 4,000 real estate finance professionals gathered last week for the Mortgage Bankers Association’s Annual Convention & Expo.
