"The Federal Reserve has increased rates every time it has met for over a year, so the pause on rate hikes last month and the fact that we've likely reached a near peak may offer some respite for buyers," said Steve Kaminski, Head of U.S. Residential Lending for TD Bank.
Read More »HUD Invests More Than $900M to Fund Rental Home Updates
The Investment, funded by the U.S. Department of Housing and Urban Development Office of Multifamily Housing, is a $930 million Rental Assistance Demonstration offering major home improvements and updates to 2,035 rental homes under the umbrella of the New York City Housing Authority.
Read More »Eleven States and D.C. Posted Annual Home Price Losses in May
Selma Hepp, Chief Economist for CoreLogic, said, “Elevated mortgage rates and high home prices are putting pressure on potential buyers. These dynamics are cooling recent month-over-month home price growth.”
Read More »AI and Mortgages: The Next Big Thing?
According to STRATMOR, a mortgage consulting firm, there is no version of the future that does not include AI. In their words, “that genie is out the bottle, and the only thing that will determine whether it will be good or ill will be the wishes we make.”
Read More »Uniform Appraisal Dataset Enhanced With New Property Characteristics
The FHFA released new Uniform Appraisal District Data for the first quarter, adding new data points such as lot-size categories, property condition, the presence of an accessory dwelling unit, and local racial demographics.
Read More »Most 2022 Mortgages Were Originated by Independent Institutions
The share of mortgages originated by non-depository, independent mortgage companies decreased in 2022—but still accounted for 60.2% of first-lien, one- to four-family, site-built, owner-occupied home-purchase loans (down from 63.9% in 2021).
Read More »Breaking Down Pre-Summer Mortgage Performance
Molly Boesel, Principal Economist for CoreLogic, noted, “While early delinquencies for 2022 mortgage originations are about the same rate as those in other rising interest-rate environments, loans with low down payments are exhibiting comparably higher-than-usual early delinquencies.”
Read More »Want a Higher Quality of Life? Find a Walkable Community
A new transportation survey from NAR indicates that Americans that live in walkable communities have a higher quality of life. Click through for more on this trend.
Read More »Online Valuation Sites Causing Housing Envy
A large percentage of younger Americans are using online searches and valuations to gauge their worth and their neighbors' incomes based on their homes, an act that is also causing envy and anxiety.
Read More »Housing Market Improves Marginally in April
"The U.S. housing market continued to strengthen in April 2023," says Craig J. Lazzara, Managing Director at S&P DJI. "Home prices peaked in June 2022, declined until January 2023, and then began to recover.
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