According to a new report from the National Association of Realtors, pending home sales slipped nearly 3% in May, while contract signings jumped in the Northeast but decreased month-over-month in three major U.S. regions.
Read More »House Measure Seeks to Repeal GSEs’ Loan-Level Price Adjustment Rule
HR 3564 creates additional protections that prevent the imposition of new fee changes based on the DTI of borrowers and institutes a temporary, one-year freeze in the FHFA’s ability to enact new LLPA fee changes.
Read More »Mortgage Rates Shift Direction, Trend Upward
After a three-week slide, Freddie Mac reports the fixed-rate mortgage rose four basis points week-over-week, and despite affordability headwinds, buyers have driven new home sales to levels seen in more than 12 months.
Read More »Homebuyer Affordability Further Deteriorates in May
The MBA reports that American homeowners continue to struggle to make ends meet, with the national median mortgage payment hitting $2,165 in May 2023, up $268 from one year ago, or an increase of 14.1% year-over-year.
Read More »Protecting LGBTQIA+ Homebuyers From Housing Discrimination Comes at a Cost
According to a new report from Zillow, legal protections come at a cost for LGBTQIA+ home shoppers, as typical home values in areas with explicit legal protections for the community are an estimated 46% more expensive than areas with no protections.
Read More »Median Home Prices, New Homes for Sale Slipped in June
Annually, new listings of homes for sale dropped nearly 26%, falling below their previous pandemic lows, according to Realtor.com.
Read More »Section 1071’s Impact on Fair Lending Laws
A panel of experts assembled by the Five Star Institute and Treliant break down the recent implementation of Section 1071 of the Dodd-Frank Act and how financial institutions are collecting and reporting data on small business loans.
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 »Purchase Mortgage Apps Rise for Third Consecutive Week
The MBA reports that new home sales have been driving purchase activity in recent months, as buyers continue to seek options beyond the existing-home market.
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.
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