News

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.

Digital homeownership company that has surpassed $100 billion in funded loans will become a publicly traded company and continue developing its proprietary loan origination platform, Tinman.

“As our nation continues to grapple with crisis-level housing affordability and supply issues, it is vital that the federal government does not create conditions that exacerbate these challenges,” said Ranking Member Waters.

By conservative estimates, up to 1 million multifamily homes are in the pipeline to be completed soon, giving those who are locked-out of the purchase market other options to live.

While total housing inventory continues to inch forward, existing-home sales retreated in July in the face of mortgage rates sitting at 7.09%.

While the nationwide supply of homes for sale remains stiff, relocation can be challenging for many homebuyers and renters. A new study from LendingTree revealed that the Austin, Dallas, and Las Vegas metros have the largest share of recent movers.

“There’s a fair amount of demand for lower-priced single-family homes, which in this area means around $400,000 and under,” said Redfin Premier Agent Brynn Rea.

Bringing more than 30 years of industry experience to his new role, former Capstone Direct Mortgage Financing Founder joins the retail division of CMG Financial.

After seven straight months of positive sentiment in builder confidence, mortgage rates exceeding the 7% mark, as well as high shelter inflation, have eroded housing affordability and put a damper on consumer demand.

Realtor.com's latest rental report found July as the third consecutive month reporting year-over-year rent declines, meaning "the rental landscape is showing signs of improvement," according to Realtor.com Economist Jiayi Xu.