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NYS OFFICE OF GENERAL SERVICES WINS 2022 NATIONAL AWARD FOR EXCELLENCE IN PROCUREMEN
New York State Office of General Services (OGS) Commissioner Jeanette Moy today announced that OGS has been awarded the prestigious 2022 Annual Achievement of Excellence in Procurement® (AEP) from the National Procurement Institute, Inc. This marks the sixth consecutive year that OGS has received an AEP award.
Rapid Growth and Influx of New Residents Pushes Austin Affordability to the...
The Mountain West states are seeing a surge of new residents — and home prices are skyrocketing. Find out how some of the most popular areas are handling the influx and the challenges to their economies and lifestyles in the second quarter 2022 issue of Valuation magazine.
Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates
Increased interest rates, building material supply chain bottlenecks and elevated construction costs continue to put a damper on the single-family housing market. For the first time
Atlanta REALTORS® Releases June 2022 Statistics on Housing Market
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its June 2022 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.
Kum & Go and Habitat for Humanity celebrate nine years of partnership
Habitat for Humanity International and family-owned convenience store chain Kum & Go are celebrating their ninth year of partnership. Since 2014, Kum & Go and Habitat have worked
NeighborWorks America’s annual survey identifies increased need for financial guidance and homeownership education, widening...
More people want to buy a home but worry their money won’t last and less than 50% of Blacks and Hispanic/Latinx adults own homes
BLACK FAMILIES NEED FEDERAL DOWN PAYMENT ASSISTANCE PROGRAM TO INCREASE HOMEOWNERSHIP IN LA
With skyrocketing home prices and rampant housing discrimination over decades, Black homeownership in the Los Angeles metro area needs a significant boost from the federal government. Support, such as a federal down payment assistance program, can help families and individuals build wealth and generate pride in their communities.
APB Survey Indicates Positive Outlook for Homebuilder Market Despite Possible Recession
The Association of Professional Builders (APB), a leading business coaching service for custom home builders, with members in the United States, Canada, Australia and New Zealand, today provided additional insights on the homebuilder market in light of a possible recession that U.S. economists are predicting. While construction material costs, labor shortages, and other pandemic implications have arisen
FHFA Releases 1st Quarter 2022 Foreclosure Prevention and Refinance Report
The Federal Housing Finance Agency (FHFA) today released its first quarter 2022 Foreclosure Prevention and Refinance Report?. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed
Habitat for Humanity urges equitable housing solutions at 11th World Urban Forum
As the 11th World Urban Forum opens today in Katowice, Poland, Habitat for Humanity International is calling attention to the enormous need for sustainable, equitable housing solutions.
MBA Opens Doors Foundation Raises More than $187,000 During MBA’s Chairman’s Conference
The MBA Opens Doors Foundation (Opens Doors) today announced that it raised $187,200 during MBA’s annual Chairman’s Conference. As part of the proceeds raised
Pending Home Sales Edge Higher 0.7% in May
Pending home sales crept higher in May, ending a six-month streak of declines, according to the National Association of Realtors®. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest
Baby Boomer Homeowners’ Mortality Expected to Have Minimal Impact on Housing Supply and Prices
More than 4 million existing-homes for sale annually over the next decade will come from the aging and mortality of older homeowners, but sustained homebuyer demand from population
More Than 600 NAHB Members Urge Congress to Take Action to Ease the Housing...
After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest
Freddie Mac Takes Further Action to Help Renters Achieve Homeownership
Freddie Mac (OTCQB: FMCC) announced that it will increase homeownership opportunities for first-time homebuyers by considering on-time rent payments as part of the company’s loan purchase decisions. Beginning July 10, 2022, this automated functionality will be available to mortgage lenders nationwide through Freddie Mac Loan Product Advisor® (LPA), the company’s automated underwriting system.
NAREB PRESIDENT LYDIA POPE TO TESTIFY AT VIRTUAL HOUSE FINANCIAL SERVICES COMMITTEE HEARING EXAMINING...
Lydia Pope, President of the National Association of Real Estate Broker (NAREB), will testify at a virtual hearing of the House Financial Services Committee today at noon. Pope will join other panelists at the hearing, entitled: “Boom and Bust: Inequality, Homeownership, and the Long-Term Impacts of the Hot Housing Market.”
New Home Sales Increase in May Before Fed June Rate Rise
After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest rate hike
Existing-Home Sales Fell 3.4% in May; Median Sales Price Surpasses $400,000 for the First...
Existing-home sales retreated for the fourth consecutive month in May, according to the National Association of Realtors®. Month-over-month sales declined in three out of four major U.S. regions, while year-over-year sales slipped in all four regions.
BLM KICKS OFF GREAT OUTDOORS MONTH WITH TWO ACQUISITIONS THROUGH THE LAND AND WATER...
The Bureau of Land Management is kicking off Great Outdoors Month by finalizing two land acquisitions in Colorado and Wyoming that will unlock over 40,000 acres of previously inaccessible public land
Rising Interest Rates, Higher Construction Costs Slow Housing Production
Rising interest rates and ongoing building material supply chain disruptions that raise construction costs continue to act as significant headwinds on the housing market.
