A slowing of refinance activity drove down the level of mortgage applications for the week ending March 28, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 1.6%...
The National Association of Home Builders (NAHB) has called on Congress to address federal regulations that is blames for exacerbating the affordable housing shortage by raising costs of construction. In testimony before a hearing of the House Small Business...
The Government Accountability Office (GAO) has agreed to a request by Senate Democrats led by Sen. Elizabeth Warren (D-MA) to investigate cuts to the Department of Housing and Urban Development’s (HUD) fair housing program workforce. “I am pleased to announce that the...
Former Vice President Kamala Harris is slated to make a rare public appearance at an Australian real estate conference next month. The Guardian reports Harris will participate in an on-stage conversation during the Australasian Real Estate Conference in Gold Coast,...
The delinquency rate for commercial mortgage-backed securities (CMBS) rose by 35 basis points to 6.65% in March, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 198 basis points from 4.67%. Last month, the overall...
Last month, 20.5% of homes nationwide – roughly one in five – sold for above their original list price, according to new data from Redfin (NASDAQ: RDFN). This is down from a 22.8% share recorded one year earlier. Nearly two-thirds of transactions (64.2%) were closed...
Hits and Misses for the Real Estate Week of June 15-19
