Friday, March 29, 2024

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7 Important factors to consider when buying a home.

National
Embarking on the journey of purchasing a new home is indeed an exhilarating milestone, one that evokes a sense of accomplishment and future security. However, it can also be a path strewn with stress and uncertainty. But worry not - the process doesn't necessarily have to be daunting
USDOJ

USDA Launches Pilot Programs to Increase Affordable Homeownership Opportunities for People on Tribal Lands

National
U.S. Department of Agriculture (USDA) Rural Development Acting Under Secretary Roger Glendenning today announced that USDA
NAR

Almost 60% of Metro Areas Posted Home Price Gains in the Second Quarter of...

National
Almost 60% of metro markets (128 out of 221) registered home price gains in the second quarter of 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according
MBA

Mortgage Credit Availability Decreased in July

National
Mortgage credit availability decreased in July 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 0.3 percent to 96.3
NAHB

New Home Sales Cool in June on Higher Mortgage Rates

National
Rising mortgage rates and elevated construction costs put a damper on new home sales last month. Sales of newly built, single-family homes in June fell 2.5% to 697,000 seasonally
MBA

Home Equity Lending Volume Rose in 2022

National
Originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased 50 percent in 2022 compared to two years earlier. This is according to the Mortgage Bankers Association’s (MBA) Home Equity Lending Study, released
NAHB

Single-Family Starts Decline in June but Permits Post Solid Gain

National
Single-family production fell back after four straight monthly gains as elevated construction costs and rising mortgage rates led to a reduction in home building activity and affordability
MBA

June New Home Purchase Mortgage Applications Increased 26.1 Percent

National
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
MBA

MISMO Releases Latest Version of the MISMO Life of Loan Process Model

National
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.

House Passes Bill to Make New Mortgages More Expensive for Low-Wealth Americans

National
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.
MBA

Mortgage Application Payments Increased 2.5 Percent to $2,165 in May

National
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
Lane Hornung - zavvie

zavvie delivers Power Buying services to the mortgage industry, expansion enabling more buyers to...

National
zavvie, a software technology company modernizing real estate brokerages with customized buying and selling solutions, is
MBA

May New Home Purchase Mortgage Applications Increased 16.6 Percent

National
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
Congressman Tom Cole

Cole Supports Legislation To Protect Middle Class Homebuyers

National
Congressman Tom Cole (OK-04) released the following statement after the House passed H.R. 3564, the Middle Class Borrower Protection Act of 2023. This legislation would block mortgage fee
NHC

Housing leaders meet in Memphis to celebrate 2nd anniversary of Black Homeownership Collaborative’s 3by30...

National
The Black Homeownership Collaborative, a coalition of more than 100 organizations and individuals, brought together national and
Congresswoman Lauren Boebert

Boebert Western Water Accelerated Revenue Repayment Act Gets Hearing

National
Congresswoman Lauren Boebert (CO-03)  stated, “My Western Water Accelerated Revenue Repayment Act had an important legislative hearing today and received resounding praise from the
MBA

Mortgage Credit Availability Decreased in May

National
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
HUD - U.S. Department of Housing and Urban Development

Biden-Harris Administration to Save Native American Homebuyers an Average of $500 in the First...

National
The Department of Housing and Urban Development (HUD), through the Office of Native American Programs, announced
NAHB

Low Existing Home Inventory Fueling Buyer Interest in New Homes

National
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
MBA

Commercial and Multifamily Mortgage Delinquency Rates Increased in the First Quarter of 2023

National
Commercial and multifamily mortgage delinquencies increased in the first quarter of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

Recent Gov & Nonprofit Real Estate Press Releases