Despite mortgage rates reaching their highest levels since November 2022, overall app volume rose week-over-week, led by an increase in both FHA and VA purchase applications.
Read More »Time to Double Down on the Consumer Experience
The sales numbers may not be where lenders would like to see them yet, but people do want to buy, according to new research, and Matthew Woodhouse of ServiceLink breaks down what homebuyers are saying, and what lenders can do to win their business.
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 »RON & Fraud: There’s More to the Story
While a small fraction of RON transactions may involve fraudulent activity, Brooke Adams of Stavvy discusses the advanced tools at the disposal of the industry to stay ahead of bad actors.
Read More »Tenant Turnover Leading Fewer Landlords to Plan 2023 Rent Increases
As the housing market cools somewhat, a new study from Rent. examines landlord sentiment that may grant renters more leverage in negotiating their lease renewals.
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 »Mortgage Credit Availability Experiences Modest Bump
“Mortgage credit availability was essentially unchanged in June, remaining close to the lowest level since early 2013, as the industry continues to operate at reduced capacity,” said Joel Kan, Mortgage Bankers Association VP and Deputy Chief Economist.
Read More »Home Prices Hit Record Highs as Housing Market Heats Up
"There is no doubt that the housing market has reignited from a home price perspective," said Black Knight VP of Enterprise Research Andy Walden. "Firming prices have now fully erased the pullback we tracked through the last half of 2022 and lifted the seasonally adjusted Black Knight HPI to a new record high in May."
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 »YoY Decline in Net New Listing Volume Fuels Inventory Challenges
According to HouseCanary's latest Market Pulse report, net new listing volume continues to trail behind contract volume, putting further downward pressure on housing inventory and dampening market activity nationwide.
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