Passage of HR 1059 will allow for the immediate nationwide use of RON; creation of national minimum standards; and provide certainty for the interstate recognition of RON.
Read More »Op-Ed: Respect the Black Dollar
Tai Christensen of Arrive Home explains why now is the time for the Black community to shift their spending and invest in the American dream of homeownership.
Read More »Home Builders Continue to Face Supply Chain Issues
A recent NAHB member poll found that building materials remain a big challenge for home builders, but new issues are coming to the forefront.
Read More »Mortgage Rates Continue to Climb Upward
As existing-home sales fall for the 12th consecutive month, Freddie Mac reports that the rise in rates to 6.50% has exacerbated affordability issues for homebuyers nationwide.
Read More »Existing-Home Sales Fall for 12th Straight Month
Existing-home sales have declined 0.7% month-over-month from December 2022, and 36.9% year-over-year, as the median existing-home sales price rose 1.3% from one year ago to $359,000.
Read More »Purchase Apps Fall Nearly 40% YoY
After five consecutive weeks of decreases, a slight uptick in mortgage rates forced mortgage app volume to fall nearly 8% week-over-week.
Read More »Jay Farner to Step Down as CEO of Rocket Companies
After 27 years with the company, Jay Farner announces his retirement, to be replaced by Bill Emerson as CEO on an interim basis.
Read More »Through Booms & Busts: Part II
With the tech sector downsizing and the housing market navigating economic turmoil, a panel of experts weighs in on the current state of the digital revolution, and what lies ahead for this key component to the homebuying process in the second part of this two-part series.
Read More »Experts: Lending Standards Are Tightening
According to a new report from the Mortgage Bankers Association, a decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.
Read More »Mortgage Rates Reverse Trend, Inch Upward
What caused the uptick in fixed mortgage rates, and what might it mean for the housing market in the months ahead?
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