“There is a significant lack of affordable housing supply in the United States, and the problem is worsening. In 2001, a low- and moderate-income household could spend less than 30% of its income to rent the median rental unit in 38 of the largest 50 metro areas. By 2020, this was the case in only 17 metro areas.” --Michael Eriksen, author of a RIHA report examining affordability challenges for low- and moderate-income renters.

Fannie Mae, Washington, D.C., last week updated its Servicer Toolkit, providing new content and resources for mortgage servicers.

ATTOM Data Solutions, Irvine, Calif., reported a sharp decline in home flipping in 2020, the first decline since 2014 to the lowest level in nearly five years.