MBA Advocacy Update: Jan. 30, 2023
On Tuesday, MBA SVP and Chief Economist Mike Fratantoni testified during a Federal Financial Institutions Examination Council’s Appraisal Subcommittee hearing on appraisals.
Pending Home Sales End Six-Month Slide
The National Association of Realtors and Redfin, Seattle, noted improvement in December pending home sales, marking the first improvement since last spring.
ATTOM: Home Seller Profits Top 50% in 2022 Despite Market Slowdown
ATTOM, Irvine, Calif., said U.S. home sellers nationwide realized a $112,000 profit on the typical sale last year, up 21 percent from $92,500 in 2021 and up 78 percent from two years ago.
MBA Chart of the Week, Jan. 27, 2023: Monthly Principal, Interest Payments
In Thursday's MBA Purchase Applications Payment Index (PAPI) release, MBA Research introduced a new measure—The Builders’ Purchase Applications Payment Index (BPAPI).
CBRE: Real Estate Investors Targeting Secondary Markets, Opportunistic Strategies
U.S. commercial real estate investors favor opportunistic strategies and show a preference for secondary markets amid concerns about higher interest rates and tighter financial market conditions, reported CBRE, Dallas.