Housing demand has held strong, as buyers continue to pay above asking prices in a market stifled by tight inventory and a deceleration in construction due to supply chain concerns.
Read More »JPMorgan Chase Commits $8.4 million of Philanthropic Capital
As part of a five-year $400 million philanthropic commitment to that includes low-cost loans, equity and grants targeted to nonprofits and organizations in the affordable housing space that work to improve ...
Read More »New Rules to Protect Consumers From Unsafe Condos
In response to mounting concerns about aging condos after the Champlain Towers South collapse in Surfside, Florida, Fannie Mae has instituted new rules about deferred maintenance before they will take on the loan.
Read More »Bidding Wars Dropped to 2021 Low in September
A new study found that 59% of home offers faced competition in September, the lowest level in nine months, amid a seasonal housing-market slowdown and an uptick in mortgage rates.
Read More »Group Pushes for Further Duty to Serve Improvements
A coalition has been created opposing the current DTS proposals, saying they aren’t in the spirit of why they were created and do not do enough to reach underserved markets.
Read More »Family Is an Important Factor for First-Time Homebuyers
Families play a key role in homeownership by helping with finances or offering advice, as 43% of those surveyed purchased a home because their parents expected it of them.
Read More »Continuing the Congressional Push for Equitable Housing
Alongside affordable housing advocates, and in testimony to Congress, Rep. Maxine Waters continues to address the affordable housing component of the Biden Administration’s Build Back Better Act.
Read More »A New Way to Resolve Mortgage Relief
Bill Maguire of Freddie Mac discusses new innovations in default management technology that are removing barriers and creating a new age of instantaneous workout decisions.
Read More »The Week Ahead: The Pandemic’s Impact on the Rental Market
An upcoming virtual session from the Joint Center for Housing Studies of Harvard University will examine how renters responded to the financial hardships brought upon by COVID-19.
Read More »Mortgage Rates on the Rise
Fueled by the trajectory of both the economy and the pandemic, mortgage rates advanced upward this week; however, the housing market is expected to remain strong as 2021 comes to an end.
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