U.S. Housing Market
Report: Nationwide Mortgage Delinquency Rate at 4-Year High
609,000 borrowers who were current on payments in October became delinquent in November, marking the largest single-month inflow since May 2020. Continue Reading Report: Nationwide Mortgage Delinquency Rate at 4-Year High
Bank of America Allocates $10 Million in Zero-Interest Loans to LA Wildfire Victims
Genesis LA will originate loans to support homeownership, economic development, and nonprofit facilities in the Altadena and Pasadena areas. Continue Reading Bank of America Allocates $10 Million in Zero-Interest Loans to LA Wildfire Victims
Las Vegas Housing Inventory Up 31% from Last Year
The typical Las Vegas home sold for $445,000 last month, down 1% from July 2024. Continue Reading Las Vegas Housing Inventory Up 31% from Last Year
Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
“You could demonstrate an actual commitment to improving the everyday lives of the American people,” the senators said. Continue Reading Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
Mortgage Originations Up 19% During Q2
A total of 689,217 refinance loans were issued in the second quarter, up 16.4% from the prior quarter. Continue Reading Mortgage Originations Up 19% During Q2
New Portal to Highlight Affordable Housing in the Bay Area
Doorway Housing Portal was developed with pro bono support from Google.org Fellows. Continue Reading New Portal to Highlight Affordable Housing in the Bay Area
JPMorgan Chase Allocates $7.65M to Expand Black and Hispanic Homeownership in DC
“Affordable, sustainable homeownership is essential to building strong communities and intergenerational wealth,” said Mark O’Donovan, CEO of Chase Home Lending. Continue Reading JPMorgan Chase Allocates $7.65M to Expand Black and Hispanic Homeownership in DC
Mortgage Rates Are Up Again
“Homebuyers have adjusted and driven new home sales to its highest level in more than a year,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Are Up Again
Affordable Homeownership Opportunities Continue to Dwindle
MBA’s Edward Seiler noted how “prospective buyers continue to grapple with high interest rates and low housing inventory.” Continue Reading Affordable Homeownership Opportunities Continue to Dwindle
US Median Home Price in First Year-Over-Year Decline Since 2017
In June, the U.S. median list price was $445,000. Continue Reading US Median Home Price in First Year-Over-Year Decline Since 2017
FHA Increases Threshold on Multifamily Large Loans
This marked the first increase in the multifamily loan threshold since 2014. Continue Reading FHA Increases Threshold on Multifamily Large Loans
eXp Realty Debuts Program to Encourage Independent Teams to Join Its Network
“We’re laser-focused on attracting and retaining the best agents in the business,” said Glenn Sanford, founder and CEO of eXp Realty. Continue Reading eXp Realty Debuts Program to Encourage Independent Teams to Join Its Network
Pending Home Sales Sink in May
“The housing market is resilient with approximately three offers for each listing,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Sink in May
One-Quarter of Homebuyers Looking to Move to Another Metro Area
Phoenix, Las Vegas and several Florida metros are the most popular destinations. Continue Reading One-Quarter of Homebuyers Looking to Move to Another Metro Area
Mortgage Application Activity Continues to Rise
“The spread between the jumbo and conforming rates widened to 16 basis point,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Continues to Rise
