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New Single-Family Home Sales Down in October

New Single-Family Home Sales Down in October

by Phil Hall | Nov 27, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single‐family houses in October were at a seasonally adjusted annual rate of 679,000, according to estimates released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. October’s activity is 5.6% below the revised...
Housing Starts Inched Up in October

Housing Starts Inched Up in October

by Phil Hall | Nov 17, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in October were at a rate of 970,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This represents a 0.2% uptick from the revised September figure of 968,000. Privately‐owned...
FHA Seeks Input on Proposed HECM Program Update

FHA Seeks Input on Proposed HECM Program Update

by Phil Hall | Nov 13, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) is seeking industry feedback on a proposed update to its Home Equity Conversion Mortgage (HECM) assignment claims eligibility policy. Under current program requirements, mortgage servicers can assign a HECM to the U.S....
FHA Proposes Policy Updates to HECM Program

FHA Proposes Policy Updates to HECM Program

by Phil Hall | Nov 2, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) is seeking feedback on proposed policy updates to its Home Equity Conversion Mortgage (HECM) program. According to an announcement issued by the U.S. Department of Housing and Urban Development (HUD), the proposed updates are...
Hits and Misses for the Real Estate Week of Oct. 23-27

Hits and Misses for the Real Estate Week of Oct. 23-27

by Phil Hall | Oct 27, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A September of home sales, overseas central banks pausing their rate hikes and Jamie Dimon’s decision to sell his JPMorgan shares. From the wild and wooly world of real estate, here are the hits and misses for the week of Oct. 23-27. Hit: Score One for Resiliency....
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