A new study has found that 96% of millennials cite high interest rates as impacting their homebuying plans, and 70% cite inflation as a hindrance.
Read More »HUD Reaches Agreement With Rental Provider Over Fair Housing Act Violations
In an agreement over non-discrimination in marketing and tenanting procedures, HUD renews its commitment to ensuring that all eligible applicants can participate in Department-funded housing programs.
Read More »Forecast: Commercial and Multifamily Mortgage Markets to Stabilize in 2024
This as the commercial and multifamily mortgage origination markets enter 2024 on unstable footing, with a new MBA poll reporting that 90% of respondents described today’s market as either “somewhat” or “very unsettled.”
Read More »Asking Rents Drop for Third Consecutive Month
Redfin reports that an increase in December housing supply has led to rising vacancies, motivating landlords to lower asking rents, which fell nearly 1% from a year earlier.
Read More »Monthly Payments Drop, Bringing Some Back to Market
The median mortgage payment dropped by the end of 2023, which has allowed some buyers who had been sitting on the sidelines to finally dive back into the housing market.
Read More »Trade Groups Push for FY 2024 Funding of FHA and Ginnie Mae
Seven industry trade groups have reached out to members of Congress to support the full funding of both the FHA and Ginnie Mae for Fiscal Year 2024 to enable the ongoing commitment to affordable homeownership initiatives.
Read More »Where U.S. Residents Are Struggling the Most With Debt
A new study found residents of one western state are burdened with the most personal debt in America, averaging more than $420k per household. Here’s how the rest of the data breaks down.
Read More »Pandemic Migration Boom May Be Over
According to Redfin, overall homebuying slowed in 2023 because it was the least affordable year on record and there was a severe supply shortage.
Read More »Momentum Returning to Homebuying Market?
Increased home listings and declining mortgage rates are breathing early signs of life into the homebuying market according to a new analysis from Redfin.
Read More »Pending Home Sales Level Off in November
NAR reported a steadying of pending home sales in the month of November, as contract signings grew in the Northeast, Midwest, and West, but slid in the South.
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