The California State Senate passed a bill this week that would permit the construction of affordable housing units on land owned by faith-based institutions and nonprofit colleges, even if local zoning ordinances and laws would […]
Mortgage rates jumped last week amid a debt ceiling impasse and expectations of another federal funds rate hike. However, rates have started to reverse course over the last few days, following news of a debt […]
Tracey Velt, senior director of data and content It’s official, there’s a new sheriff in town and his name is Glenn Sanford, founder of eXp Holdings and CEO of eXp Realty. The firm moved from […]
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. The post Realtor.com: Home Price Growth Slowest on Record appeared […]
The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. It’s a […]
On the refinance side, only 407,956 mortgages were rolled over into new ones – the smallest amount this century. The post Q1 Mortgage Origination Activity at 23-Year Low appeared first on Weekly Real Estate News.
Approximately 7.8 million homes are susceptible to storm surge flooding. The post CoreLogic: A Potential of $11.6 Trillion in Hurricane Property Damage This Year appeared first on Weekly Real Estate News.
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.09%. The post Look Up, Folks, Because That’s Where Mortgage Rates Are Heading! appeared first on Weekly Real Estate News.
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. The post CMBS Delinquency Rate Shoots Up to 14-Month High appeared […]
Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” The proposed rule would also implement […]
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