MBA Weekly Survey Apr. 26, 2023: Spring Season Slowly Kicks into Gear
With the spring home-buying season well underway, mortgage activity picked up last week, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending April 21.
With Homeowners Sitting, Buyers Turn to New Homes
March new home sales jumped by nearly 10 percent from February, HUD and the Census Bureau reported Tuesday, as home buyers turned away from existing home sales.
MISMO Seeks Public Comment on Version 3.5 Property and Valuation Services Implementation Guide
MISMO®, the real estate finance industry standards organization, seeks public comment on its Version 3.5 Property and Valuation Services Implementation Guide. The 60-day public comment period for this implementation guide runs through June 26.
CFPB, Federal Agencies Warn of AI Bias Risks
The Consumer Financial Protection Bureau and three other federal agencies on Tuesday issued a joint statement cautioning financial firms that use of artificial intelligence could increase risk of bias and civil rights violations.
Home Prices Slow for 10th Straight Month
Home price appreciation slowed for the 10th straight month, according to reports from S&P Down Jones Indices and the Federal Housing Finance Agency.
KBRA Finds Challenging Single-Family Rental Fundamentals
Softening operating performance, elevated inflation, labor shortages and decelerating rental rates have produced the most challenging environment for the single-family rental sector yet, reported KBRA, New York.