Maxwell: Many American Homeowners Stressed About Cost, Availability of Insurance
Maxwell, Denver, found nearly half–or 46%–of American homeowners are currently questioning whether they can continue to afford their homes due to rising insurance and property tax costs.
MBA Statement on FHFA Order Rescinding Regulated Entity UDAP Compliance
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Federal Housing Finance Agency’s (FHFA) order that rescinds Advisory Bulletin 2024:06: Regulated Entity Unfair or Deceptive Acts or Practices (UDAP) Compliance.
Realtor.com: 2024 Down Payments Notch Record
Realtor.com, Santa Clara, Calif., reported down payments reached an average of 14.4% of the total home purchase price, with a median down payment of $29,900, in 2024. These were the highest numbers recorded since the firm began collecting the data.
Gen Z, Millennial Homeownership Rates Flat in 2024, Redfin Finds
Redfin, Seattle, found that homeownership rates for Gen Z and millennials were stagnant in 2024.
MISMO Seeks Comment on SMART Doc V3 Security Instrument Specification
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on the SMART Doc V3 Security Instrument Specification. The 60-day public comment period will run through May 24, 2025.
