“The housing market appears to be stuck heading into autumn, with sales activity likely to stay stagnant until housing inventory increases, and mortgage rates decline to more affordable levels,” said MBA President and CEO Bob Broeksmit. Click through to read more on this week's mortgage rates.
Read More »HUD Makes $113M in Affordable Housing Vouchers Available Across U.S.
"Housing choice vouchers are some of the strongest tools we have to help families find stable and affordable housing," said U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge. "This year, HUD found that rents rose once again, accentuating the strain on costs for American families.”
Read More »The Role of Home Improvement in Housing Solutions
A response to the affordable housing crisis should include a focus on bringing existing homes up to adequate standards, analysts from Harvard University’s Joint Center for Housing Studies say.
Read More »Manufactured Housing May Be Viable Answer to High Real Estate Prices
“When factoring in the median value of a finished lot, the cost of manufactured housing relative to site-built falls to 54% for single-section homes, 70% for double-section, and 80% for CrossMods. As such, we suggest that manufactured housing may be most attractive in markets with lower land costs, but still offers savings regardless of land cost,” said Chadwick Reed of the Joint Center for Housing Studies at Harvard University.
Read More »Pending Home Sales Improve Over Recent Lows
“Fading recession fears and the prospect of further home price increases have brought some house hunters off the sidelines, but for the most part, buyers remain hesitant to jump into the market because their buying power is so much lower than it was a year ago,” said Redfin Chief Economist Daryl Fairweather.
Read More »HUD: Federal Actions Helped Avert Pandemic-Related Surge in Homelessness
A pair of new HUD reports suggest that federal relief prevented a rise in evictions and homelessness during the pandemic through a series of federal intervention actions.
Read More »HUD Modifies Housing Voucher Program to Help Fight LA Homelessness
HUD announces changes to a rule that will expedite much-needed assistance in providing housing and supportive services to the growing homeless population in Los Angeles.
Read More »Mortgage Rates Hit Highest Point Since Spring 2002
Not since spring of 2002 have fixed-rate mortgages been as high as they were reported this week, and when combined with mortgage app volume sliding for the fourth straight week, affordability headwinds continue to impact housing demand.
Read More »Big Data’s Role in Appraisal Modernization
Matt Stepanovich of SingleSource Property Solutions discusses big data’s role in standardizing property valuations and the future of appraisal modernization.
Read More »A Playbook for Mortgage Lenders in Capital Preservation Mode
As workforces are cut, the use of technology to automate specific workflows can be beneficial, while establishing a playbook for when it’s time to go back on the offense.
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