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January New Home Purchase Mortgage Applications Decreased 6 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2025 shows mortgage applications for new home purchases decreased 6 percent compared from a
Accessory Dwelling Units Officially Allowed Statewide Under Healey-Driscoll Administration’s Affordable Homes Act
Accessory Dwelling Units (ADUs) are now permitted by-right statewide in Massachusetts thanks to the Healey-Driscoll Administration’s Affordable Homes Act, signed into law by Governor Maura Healey in August 2024.
Industry leaders and experts examine FHLBanks’ impact on affordable housing and community investment
On February 11, the National Housing Conference, the Council of Federal Home Loan Banks, and the Federal Home Loan Bank of
Families Must Spend 38% of Their Income on Mortgage Payments
In a clear sign illustrating the housing affordability challenges facing Americans, the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in the
NAR Supports the Nomination of the Honorable Lori Chavez-DeRemer for Secretary of Labor
The National Association of REALTORS® President Kevin Sears sent a letter to Chairman Cassidy and Ranking Member Sanders offering NAR’s support for the nomination of Lori Chavez-
Share of Mortgage Loans in Forbearance Decreases to 0.40% in January
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 7 basis points from 0.47% of servicers’
Zbur Introduces Legislation to Tackle Student Housing Insecurity at California Community Colleges
Introduced by Assemblymember Rick Chavez Zbur, AB 648 will combat housing insecurity and homelessness among community college students while also addressing California’s broader housing crisis by increasing the supply of affordable housing in local communities.
Multifamily Developer Confidence Reflected Mixed Results in the Fourth Quarter
Confidence in the market for new multifamily housing reflected mixed results year-over-year in the fourth quarter, according to the Multifamily Market Survey (MMS) released today by the
CIH responds to government announcement on additional investment for affordable homes and action to...
The government has announced £350 million in new funding to “get Britain building”, alongside plans to drive up standards and tackle rogue landlords in supported housing. Up to 2,800 extra homes will be built through a £300 million boost to the Affordable Homes Programme
South Dakota Housing Hosting Public Meeting Regarding Community Development Programs
South Dakota Housing (SDH), in partnership with the Governor’s Office of Economic Development, will be hosting a public meeting on Feb. 25, 2025, at 10:30 a.m. CST, to accept comments on the drafts of the 2025 Annual Action Plan and the Citizen Participation Plan.
Cambridge Ends Exclusionary Zoning
On Monday, February 10, the Cambridge City Council voted 8 – 1 in favor of a zoning petition allowing new multi-family housing, up to four stories, to be built city-wide, by right. This change undoes decades of exclusionary zoning, in which the zoning code was weaponized to enforce segregation by limiting where apartments could be built.
Nearly 90% of Metro Areas Registered Home Price Gains in Fourth Quarter of 2024
Almost 90% of metro markets (201 out of 226, or 89%) experienced home price increases in the fourth quarter of 2024, as the 30-year fixed mortgage rate ranged from 6.12% to 6.85%,
Mortgage Delinquencies Increase in the Fourth Quarter of 2024
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.98 percent of all loans outstanding at the end of the fourth
NAREB’S 2025 MID-WINTER CONFERENCE TO FEATURE DR. EGYPT SHERROD, HILL HARPER, CATRESE FIELDS ALSTON,...
The National Association of Real Estate Brokers (NAREB) proudly presents its 2025 Mid-Winter Conference, taking place February 22–26 at the Westin Fort Lauderdale. This year’s conference, themed "Navigating New Horizons," will empower real estate professionals with the tools, strategies, and insights needed to thrive in an evolving industry
New Jersey Community Development Corporation (NJCDC) Receives $150,000 Grant from The Cigna Group Foundation...
NJCDC has been awarded a grant of $150,000 from The Cigna Group Foundation, the philanthropic arm of The Cigna Group (NYSE:CI), to help address the youth mental health crisis. The primary objectives of this program include delivering evidence-based services through classroom workshops tailored for elementary schools (grades K-5) across Passaic County, New Jersey.
NAHMA Seeks Developers and Managers of Exceptional New Affordable Housing
Take a look at the National Affordable Housing Management Association (NAHMA)’s 2025 Affordable Housing Vanguard Awards application before beginning the spring cleaning routine on your
U.S. Green Building Council Announces Top 10 U.S. States for Green Building in 2024
The U.S. Green Building Council (USGBC), the leading authority on green building and the global developer of the LEED green building program, released its annual list of the Top 10 States for
New Interactive Map Showcases NYC’s Growing Community Land Trust Movement
On Wednesday, New Economy Project released the NYC Community Land Trust (CLT) Map, an interactive tool highlighting New York City’s growing community land trust (CLT) movement. The digital map features detailed profiles of 19 CLTs
CONSTRUCTION SPENDING EDGES UP DECEMBER DESPITE DECLINES IN MULTIFAMILY AND INFRASTRUCTURE AS THREAT OF...
Total Spending Up from November at $2.19 Trillion Seasonally Adjusted Annual Rate amid Strong Demand for Single Family
Limited Existing Inventory Provides a Boost for New Home Sales
A limited amount of existing inventory along with solid demand helped new home sales end the year on an up note, even as buyers continue to grapple with housing affordability challenges.