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June New Home Purchase Mortgage Applications Increased 26.1 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2023 shows mortgage applications for new home purchases increased 26.1 percent compared from a
MISMO Releases Latest Version of the MISMO Life of Loan Process Model
MISMO®, the real estate finance industry's standards organization, today announced the final release of the latest version of the MISMO Life of Loan Process Model.
NJCDC Receives $1,000,000 Grant from Regional Foundation to Support Its Great Falls Neighborhood Plan
The Board of Directors of the Regional Foundation has approved a grant to New Jersey Community Development Corporation
AARP Invests $3.6 Million In Over 300 Community Improvement Projects
AARP announced it is investing $3.6 million in 310 Community Challenge grants for quick-action projects to help communities become more livable. These grants will improve public places;
NAHB Publication Offers Inside Look into the Financial Records of Remodelers
Remodelers now have a unique opportunity to see how their business stacks up against the competition with a new publication from the National Association of Home Builders (NAHB). NAHB’s
Groundbreaking Ceremony for LeClair Village Apartments Pays Tribute to Longtime Cape Cod Housing Advocate...
State and local officials gathered for a groundbreaking ceremony this morning at LeClair Village Apartments, a new three-building complex in Mashpee featuring 39 affordable rental units. The property is named after Mary LeClair, a long-time champion of housing issues on Cape Cod and a former board member at Housing Assistance.
House Passes Bill to Make New Mortgages More Expensive for Low-Wealth Americans
The U.S. House of Representatives passed H.R. 3564, a bill that would reverse the Federal Housing Finance Agency’s (FHFA’s) recent update to the pricing of home loans that Fannie Mae and Freddie Mac buy.
CAI RECOGNIZES OUTSTANDING CONTRIBUTIONS TO THE COMMUNITY ASSOCIATION HOUSING MODEL
Community Associations Institute (CAI), the leading international authority on community association governance, management, and education, announced the recipients of its highest honors at an annual awards ceremony, held on May 19 in Dallas in conjunction with the 2023 CAI Annual Conference and Exposition: Community NOW.
Mortgage Application Payments Increased 2.5 Percent to $2,165 in May
Homebuyer affordability declined further in May, with the national median payment applied for by purchase applicants increasing 2.5 percent to $2,165 from $2,112 in April. This is according to the
GCAAR housing stats | May ‘23
The regional median sold price for residential properties for May was $626,000, representing a decrease of 0.3% compared to last month and no change from May 2022. The average days on market for units sold in May was 21 days, 3% below the 5-year May average of 22 days
FEMA Awards $9.9M to Greater Chicago for Flood Reduction Project in Addison Creek Watershed
FEMA and the Illinois Emergency Management Agency announced today that $9.9M in Hazard Mitigation Grant Program (HMGP)
Pending Home Sales Shrunk 2.7% in May
Pending home sales shrunk 2.7% in May from the previous month, according to the National Association of REALTORS®. Three U.S. regions posted monthly losses, while sales in the Northeast surged. All four regions saw year-over-year declines in
New Home Sales Jump in May
A lack of existing inventory coupled with solid consumer demand helped to boost new home sales in May to their highest level since February 2022. Sales of newly built, single-family homes in May increased 12.2% to a 763,000 seasonally adjusted annual rate
CONSTRUCTION EMPLOYMENT INCREASES IN 230 OF 358 METRO AREAS FROM MAY 2022 TO MAY...
Dallas-Plano-Irving, Texas and Hanford-Corcoran, Calif. Experience Largest Number and Percentage of Gains; Houston-The Woodlands-Sugar Land, Texas and Monroe, Mich. Have Most
May New Home Purchase Mortgage Applications Increased 16.6 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2023 shows mortgage applications for new home purchases increased 16.6 percent compared from a
National Association of Realtors® Again Earns “Great Place to Work” Distinction
The National Association of Realtors® has again been identified by the Great Place to Work Institute as one of the top employment destinations in America
Single-Family Starts Post Solid Gain in May
Limited existing inventory combined with solid demand and improving supply chains helped push single-family starts to an 11-month high in May. Overall housing starts in May increased 21.7% to a seasonally adjusted annual rate of 1.63 million units
ULI’s Spring Real Estate Economic Forecast Projects Slowed GDP Growth As Inflation Decreases
Positive but slow growth is in store for the U.S. economy over the next two years with a return to stronger growth and average
Mortgage Credit Availability Decreased in May
Mortgage credit availability decreased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The MCAI fell by 3.1 percent to 96.5 in May
Low Existing Home Inventory Fueling Buyer Interest in New Homes
As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, more Americans are turning to new home construction as existing inventory remains