Current News & Events
Starter Home Sales Up Nearly 5%
The typical starter home price rose 2% year-over-year to $260,000 in October. Continue Reading Starter Home Sales Up Nearly 5%
Indiana School Officials Complain Property Tax Reforms Disrupting Their Operations
The survey found that 65.3% of Indiana districts already reduced or will reduce support staff, while 55.8% have already reduced or will reduce teaching staff. Continue Reading Indiana School Officials Complain Property Tax Reforms Disrupting Their Operations
FHLBank Boston Debuts Pilot Program to Assist Nonwhite First-Time Buyers
FHLBank Boston President and CEO Timothy J. Barrett seeks to “overcome some of the barriers to homeownership for people of color.” Continue Reading FHLBank Boston Debuts Pilot Program to Assist Nonwhite First-Time Buyers
MBA: Commercial and Multifamily Mortgage Delinquencies Up in Q1
“Delinquency rates increased for every major capital source during the first quarter,” said MBA’s Jamie Woodwell. Continue Reading MBA: Commercial and Multifamily Mortgage Delinquencies Up in Q1
ESSA Bank & Trust in $3 Million Settlement with Feds Over Redlining Charges
“We are proud of our record of community service,” said Gary S. Olson, the bank’s chief executive. Continue Reading ESSA Bank & Trust in $3 Million Settlement with Feds Over Redlining Charges
CMBS Delinquency Rate Shoots Up to 14-Month High
The CMBS delinquency rate is now at its highest level since March 2022, while the 53-basis point upswing was the largest since June 2020. Continue Reading CMBS Delinquency Rate Shoots Up to 14-Month High
Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.09%. Continue Reading Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!
CoreLogic: A Potential of $11.6 Trillion in Hurricane Property Damage This Year
Approximately 7.8 million homes are susceptible to storm surge flooding. Continue Reading CoreLogic: A Potential of $11.6 Trillion in Hurricane Property Damage This Year
Q1 Mortgage Origination Activity at 23-Year Low
On the refinance side, only 407,956 mortgages were rolled over into new ones – the smallest amount this century. Continue Reading Q1 Mortgage Origination Activity at 23-Year Low
Realtor.com: Home Price Growth Slowest on Record
The median list price grew to $441,000 in May, up from $430,000 in April but down by 1.7% from June 2022’s record high of $449,000. Continue Reading Realtor.com: Home Price Growth Slowest on Record
Planet Home Lending Acquires Platinum Home Mortgage Corp.
The financial terms of the acquisition were not disclosed. Continue Reading Planet Home Lending Acquires Platinum Home Mortgage Corp.
Real Estate ESG Platform Measurabl Closes $93 Million Series D Funding
“The antidote to greenwashing is objective measurement and transparency,” says Matt Ellis, Measurabl co-founder and CEO. “ Continue Reading Real Estate ESG Platform Measurabl Closes $93 Million Series D Funding
