Housing Payments Surge to Record High Amidst Market Surge
In the United States, the average monthly housing payment has skyrocketed to an unprecedented $2,721 during the four weeks ending March 24, marking a significant 10% increase from the previous year, according to fresh data from a Redfin analysis. This surge in housing...
Real Estate Associations Seek Clarity on Underwriting Rules
The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) have jointly reached out to federal housing authorities seeking clarification on the treatment of interested party contributions (IPCs) in home purchase transactions. In an official...
Record Highs Reached in 2023 for Typical Down Payments
In a recent report by CoreLogic, it has been revealed that last autumn, the average down payment for homes across the United States soared to unprecedented levels. This marks a significant shift from the trends observed during the housing crisis of the late 2000s,...
Regulatory Scrutiny Creates Opportunities for Non-Bank Lenders
As regulatory pressure mounts on traditional banks to adopt a cautious stance towards commercial real estate lending, non-bank financial entities are seizing the chance to fill the gap across various asset classes. According to Jack BeVier, a partner at Dominion...
Existing-Home Sales See Uptick Amidst Market Fluctuations
In the realm of existing-home sales, recent data released by the National Association of Realtors (NAR) reveals intriguing shifts. February 2024 witnessed a notable surge of 9.5% in existing-home sales, reaching a seasonally adjusted annual rate of 4.38 million units....
Flipping Fortunes Fade: Home Flipping Declines Hit a Low in 2023, Reports Attom
In the realm of home flipping, 2023 proved to be a formidable challenge nationwide, witnessing a significant downturn in the flipping of single-family homes and condominiums, coupled with diminished returns on these ventures. According to a recent report released by...
Verus Mortgage Capital Overtakes JPMorgan in 2023 MBS Issuance
In the realm of non-agency mortgage-backed securities (MBS) issuance for the year 2023, Verus Mortgage Capital (VMC) has emerged as the leading issuer, outshining industry titan JPMorgan Chase. A report from Inside Nonconforming Markets reveals that VMC, a...
NAR Settlement: A Potential Shift in US Real Estate Dynamics
Consumers are eagerly anticipating potential savings stemming from a recent National Association of Realtors (NAR) class-action settlement concerning agent commissions. The agreement, which drew praise from figures like President Joe Biden and former Treasury...
February Sees 9.5% Surge in Home Sales, Despite Northeast’s Lag
February marked a significant uptick in existing-home sales across most regions of the United States, according to the latest report from the National Association of Realtors (NAR). The NAR revealed that total sales of single-family homes, townhomes, condominiums, and...
Credit Union HELOCs Defy Trends, Surge in Portfolio Share
Despite a slight decline in overall loan holdings, credit unions witnessed a notable surge in their home-secured credit line (HELOC) portfolios. Data released by America’s Credit Unions revealed that while total loans dipped by less than 1% in January, HELOCs...
