Florida Leading the Way in Second Home and Luxury Home Sales
In an analysis of the top markets for second home transactions and luxury homes in 2023 by Pacaso, the Sunshine State held eight of the 15 metros on the list, [...]
Mortgage Delinquency Rate Falls to Second Lowest on Record
“The mortgage delinquency rate fell to its lowest level for any first quarter since MBA’s survey began in 1979 and was the second lowest quarterly rate overall, just 11 basis [...]
Study: Increase in Vacancies Slowing Rent Growth
Completed residential projects in buildings with five or more units jumped 60% year over year on a seasonally adjusted basis to 484,000 in March—the most recent month for which data [...]
Ginnie Mae Announces Two New Key Appointments
As Ginnie Mae continues its search for a permanent COO, Laura M. Kenney has been named Senior Advisor for Strategic Operations, in addition to Britt Van being appointed as Special [...]
The Week Ahead: Examining the Anatomy of a Banking Failure
The Senate Banking Committee will host a hearing featuring execs of the failed Signature Bank and Silicon Valley Bank to discuss the downfall of both institutions. Source: DS News
Interest Rates Impacting Borrowers Ability to Utilize Home Equity
50% of survey respondents cannot or will not borrow against their home due to the current interest rate environment. Source: DS News
Foreclosure Starts and Completions Down From April
Foreclosure starts are down 7% from April, while completed foreclosures also decreased nearly 40%, as ATTOM's 2023 U.S. Foreclosure Market Report revealed one in every 4,234 housing units nationwide had [...]
HUD Strengthens Standards, Publishes Final Rule for Rental Assistance Programs
The U.S. Department of Housing and Urban Development has published the Final Rule for the National Standards for the Physical Inspection of Real Estate in the Federal Register, which will [...]
The New Face of the Secondary Marketplace
Mark Tribuna of CRA Note Exchange discusses how the secondary market has transformed from trading exclusively second-mortgage down payment assistance loans to also handling first-lien notes for affiliates of Habitat [...]