MBA Weekly Survey Mar. 8, 2023: Applications Up Despite Higher Rates
Interest rates rose again last week—but instead of dampening mortgage application activity, borrowers responded with across-the board increases, Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Mar. 3.
CoreLogic: Annual Home Price Growth Continues Single-Digit Slowdown
CoreLogic, Irvine, Calif., said U.S. home prices continued their gradual free fall in January, with the 5.5% annual gain down for the ninth straight month and the lowest recorded since June 2020.
Foreclosure Activity Posts Monthly Decrease, Rises Annually
ATTOM, Irvine, Calif, said properties with foreclosure filings fell by 3 percent in February from January but rose by 18 percent from a year ago.
Digitally Native Brands Look to Brick and Mortar
Placer.ai, Los Altos, Calif., said a robust brick-and-mortar operation is critical for digitally native brands looking to build brand awareness, streamline distribution and drive consumer engagement.
Dealmaker: BWE Secures $40M to Refinance, Preserve Affordable Housing
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed five loan deals totaling $40.1 million to refinance and preserve two affordable housing communities in Mt. Vernon, Texas, and Silver Spring, Md., as well as three affordable senior living communities in Nashville, Baltimore and Pikesville, Md.
