House Passes MBA-Supported Federal RON Bill
The House on Monday passed an MBA-supported bill that would create minimum federal standards to complement more than 40 current state remote online notarization laws.
Pending Home Sales Up Second Straight Month
Pending home sales improved in January for the second consecutive month, the National Association of Realtors reported Monday. All four U.S. regions posted monthly gains but saw year-over-year drops in transactions.
Miami Leads Migration Destinations; Austin for First-Time Home Buyers
A record 25% of home searchers looked to move to a different U.S. metro in January, many in search of relatively affordable housing, said Redfin, Seattle. And Bankrate.com, New York, said Austin, Texas ranked highest for first-time home buyers.
Zillow: Homes Owned by Black Families Appreciated Fastest During Pandemic
Homes owned by Black families appreciated more than any others since the start of the pandemic, with the typical Black homeowner gaining nearly $84,000 in equity, reported Zillow, Seattle.
RE/MAX: Home Prices Moderating
RE/MAX, Denver, said January marked the seventh consecutive month of price declines in the U.S.
MBA Chart of the Week Feb. 24 2023–Delinquency Rates by Credit Type
The latest credit delinquency data from both MBA and other sources indicates that delinquencies are rising. In MBA’s National Delinquency Survey, covering national and state delinquencies through the fourth quarter of 2022 revealed that the delinquency rate for mortgage loans on one‐to‐four‐unit residential properties rose to a seasonally adjusted rate of 4.96 percent of all loans outstanding at the end of the fourth quarter.
