Yesterday morning, and in response to MBA’s ongoing advocacy on this issue, Fannie Mae and Freddie Mac (GSEs) each released notices that confirmed that their policies will continue to exclude seller or listing agent payment of buyer agents’ commission from interested party contributions (IPCs). 

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2024 shows mortgage applications for new home purchases increased 6.2% compared from a year ago.

The Urban Land Institute, Washington, released its Real Estate Economic Forecast for Spring 2024. Among the major takeaways--while 2024 is seeing a solid economy, high interest rates continue to weigh on the industry.