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Rising Mortgage Rates Push Housing Affordability to Lowest Level in Index History
Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its lowest level in more than a decade.
VA reduces premium rates for Veterans’ Mortgage Life Insurance
This month, the Department of Veterans Affairs reduced premiums for most Veterans and Service members insured under the Veterans’ Mortgage Life Insurance program.
Mortgage Application Payments Decreased to $2,155 in September
Homebuyer affordability improved slightly in September, with the national median payment applied for by purchase applicants decreasing to $2,155 from $2,170 in August. This is according to
NLIHC and NHLP Release Report on HUD’s Rapid Unsheltered Survivor Housing (RUSH) Program
The National Low Income Housing Coalition (NLIHC) and the National Housing Law Project (NHLP) released today a report exploring the initial implementation of the U.S. Department of
Single-Family Starts Post Unexpected Gain in September as High Interest Rates Persist
Despite elevated mortgage rates averaging above 7%, single-family starts posted a solid gain in September as more buyers are turning to new homes because of a dearth of inventory in the
CONSTRUCTION EMPLOYMENT INCREASES IN 212 OF 358 METRO AREAS BETWEEN SEPTEMBER 2022 AND SEPTEMBER...
Dallas-Plano-Irving, Texas, and Baton Rouge, La. Register the Largest Number and Percent of Job Gains; Houston-The
Pending Home Sales Grew 1.1% in September
Pending home sales augmented 1.1% in September, according to the National Association of REALTORS®. The Northeast, Midwest and South posted monthly gains in transactions while the West experienced a loss. All four U.S. regions had year-over-year
MBA Statement on the Biden Administration’s Announcement on Commercial Property Conversions to Housing
Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), released the following statement on the Biden
Rochester Housing Authority’s Next Project – Parliament Fairfield – is Given the “Go-Ahead” by...
Governor Hochul just announced that Rochester Housing Authority’s Parliament Arms and Fairfield Village public housing residences will receive $54.2 million to create and preserve 103 apartments in Rochester.
Lack of Resales Boost New Home Sales in September
Despite mortgage rates that are at a 23-year high, new home sales posted a double-digit percentage gain in September because of a lack of inventory in the resale market.
Alliance To Save Energy Celebrates Energy Efficiency Day With New LBNL-Brattle Group Study
“Energy efficiency has been the workhorse of climate policy for decades and is now the engine that will power the energy
Atlanta REALTORS® Releases September 2023 Statistics on Housing Market
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its September 2023 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.
Appraisal Institute’s AI PAREA Program Receives Certified Residential Path Approval from the Appraiser Qualifications...
The Appraisal Institute, the nation's leading professional association of real estate appraisers, announced that the
Hundreds of Paterson Residents to Attend NJCDC’s Free Block Party this Saturday
To celebrate the neighborhood it serves—and to provide information to local residents—New Jersey Community Development Corporation (NJCDC) is holding its free annual Great Falls Neighborhood Block Party this Saturday, October 21.
NAR Hosts Affordable Workforce Housing Symposium
The National Association of REALTORS® hosted the Affordable Workforce Housing Symposium Tuesday in Columbus, Ohio. The event included three panel discussions comprised of participants
MISMO Publishes Version 3.5 Property and Valuation Services Implementation Guide
MISMO®, the real estate finance industry's standards organization, today announced that it has published the Version 3.5 Property and Valuation Services (PaVS) Implementation Guide
Affordable Housing Policies in Action
The Malta Housing Authority participated in the conference titled ''Improving Affordable Housing in the Mediterranean", organised locally by SOS Malta and classified under the outcome of ACF Regional Initiatives.
Remodeling Market Sentiment Declines in Third Quarter
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter, posting a reading of 65, declining three points
CONSTRUCTION INDUSTRY KICKS OFF WEEK-LONG FOCUS ON DIVERSITY & INCLUSION WITH “TOOLBOX TALK” AMONG...
Local Activity is One of Thousands Planned Across the Country as Part of Construction Inclusion Week, an Industry-Led Effort to Get
Ribbon Cutting Celebration will Feature Remarks by County Executive Marc Elrich and Highlight $38...
MHP announced today it will hold a ribbon-cutting ceremony at the newly renovated Colonnade at the Creek apartment community in Takoma Park as part of its ongoing strategy to preserve and rehabilitate affordable homes along the Purple Line transit corridor.
