U.S. Housing Market
PennyMac Unveils Special Mortgage Program for Team USA Olympic Athletes
PennyMac Financial Services Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT), the Official Mortgage Provider of Team USA and the 2028 Los Angeles Olympic and Paralympic Games, had unveiled the “Welcome Home: Athlete Mortgage Program,” an initiative...
Southern Impression Homes Completes First Phase of 213-Unit Dallas-Area BTR Community
Southern Impression Homes is a subsidiary of Japan’s Sumitomo Forestry, which acquired an 80% interest in the company in 2023. Continue Reading Southern Impression Homes Completes First Phase of 213-Unit Dallas-Area BTR Community
Elite International Realty Launches Invite-Only Luxury Division
Signature Collection listings will be exclusive to luxury clients and will feature distinct branding and tailored marketing strategies. Continue Reading Elite International Realty Launches Invite-Only Luxury Division
Mortgage Rates Surge for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.38% as of March 26. Continue Reading Mortgage Rates Surge for Fourth Straight Week
Report: Most Homes Were Unaffordable During Q1
California’s Los Angeles County was the least affordable market in ATTOM’s report. Continue Reading Report: Most Homes Were Unaffordable During Q1
Preservation of Affordable Housing to Start First Development in Maine
The Maine State Housing Authority is providing 4% Low Income Housing Tax Credits, along with low-cost construction and permanent loans. Continue Reading Preservation of Affordable Housing to Start First Development in Maine
New Bill Would Retroactively Restore Flood Insurance Coverage Lost in Government Shutdown
The legislation will backdate reauthorization of the program to Sept. 30, 2025, while extending the program’s authorization until Dec. 31, 2026. Continue Reading New Bill Would Retroactively Restore Flood Insurance Coverage Lost in Government Shutdown
Realtor.com Launches Spotlight Listings to Help Agents Maximize Listing Visibility
Realtor.com has also enhanced its Local Expert product. Continue Reading Realtor.com Launches Spotlight Listings to Help Agents Maximize Listing Visibility
Mortgage Application Activity Takes a 0.6% Uptick
Among the federal programs, the FHA share of total applications increased to 19.4% from 18.5% the week prior. Continue Reading Mortgage Application Activity Takes a 0.6% Uptick
The Best Day for Buying a House Is…
Buyers who close on Christmas Eve enjoyed the lowest premium above the automated valuation model. Continue Reading The Best Day for Buying a House Is…
New Forecast Predicts Slight Decline in Q4 Apartment Rent Growth
acancy is expected to hold at 8.2% through the end of December before easing to 7.9% by the end of 2026. Continue Reading New Forecast Predicts Slight Decline in Q4 Apartment Rent Growth
Eagle Partners Acquires 350-Unit LA County Apartment Community for $107 Million
The community represents nearly 40% of all apartment inventory in Hacienda Heights. Continue Reading Eagle Partners Acquires 350-Unit LA County Apartment Community for $107 Million
A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
Creating a 50-year mortgage with the goal of making housing more affordable is the equivalent of sending shipments of dinnerware into a famine-stricken region. Continue Reading A Phil Hall Op-Ed: Trump’s Terrible 50-Year Mortgage Idea
Wendy’s to Close Hundreds of US Restaurants
This is the second time in a year that Wendy’s began closing scores of restaurants. Continue Reading Wendy’s to Close Hundreds of US Restaurants
Mortgage Credit Availability at 3-Year High
“Credit availability in October rose to its highest level since 2022 as investors broadened their loan offerings over the month,” said MBA’s Joel Kan Continue Reading Mortgage Credit Availability at 3-Year High
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