Industry News

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With New Net Listings Down, Housing Market Reaches Crossroads
Wed, 05 Oct 2022 22:03:58 +0000
HouseCanary's latest Market Pulse report shows decreasing demand has resulted in a sharp drop in new listing volume, resulting in an estimated 19% decrease nationwide compared to September 2021.

Moderate-Income Rental Housing a Viable Asset as ESG Investments Grow
Wed, 05 Oct 2022 21:51:42 +0000
With interest among real estate investors in workforce housing and ESG-focused investments on the rise, affordable rental housing demand is surging for moderate-income households as the transition to homeownership becomes unobtainable for many Americans.

HUD Report Examines Barriers to Small-Balance Mortgages
Wed, 05 Oct 2022 20:09:07 +0000
Loan origination and servicing costs per loan have risen over time, as a new HUD study examines the impact of these factors on affordable homeownership for those interested in lower-priced homes.

James Curl Tapped as Xome’s New CTO
Wed, 05 Oct 2022 16:04:49 +0000
Online real estate auction marketplace adds 15-plus-year industry veteran to lead tech initiatives to create and source transformative technology solutions.

Commentary: Is Now the Time to Address Fair Access to Disaster Aid?
Tue, 04 Oct 2022 19:49:06 +0000
Disasters have been making headlines recently after a pair of hurricanes—Fiona and Ian—caused damage in the territory of Puerto Rico and from Florida up the East Coast, but as federal aid begins to flow to disaster victims, is now the time to review distribution policies to make sure aid is distributed equitably?  According to Carlos ...

Home Price Gains Slow Again in August
Tue, 04 Oct 2022 18:18:01 +0000
CoreLogic has released the CoreLogic Home Price Index (HPI) and HPI Forecast for August 2022, showing home prices nationwide —including distressed sales— increased year-over-year by 13.5%; the lowest year-over-year appreciation recorded since April 2021, partially reflecting cooling buyer demand due to higher mortgage rates and housing trends prompted by the COVID-19 slowdown. Although U.S. home ...

Flood Risk Becoming More Prominent Industry Concern?
Tue, 04 Oct 2022 15:53:15 +0000
Areas with a higher risk of flooding are seeing an increase in the rate of mortgage application denials and withdrawals, while risks associated with other climate events are having little impact on mortgage lending in those areas.

HUD Makes Nearly $29M Available to Fight Housing Discrimination
Tue, 04 Oct 2022 15:31:27 +0000
Enforcing the nation’s fair housing laws and policies under the Fair Housing Act, HUD has announced that the most recent grants available will support fair housing education and outreach, testing, and enforcement activities through the Department’s Fair Housing Initiatives Program.

Op-Ed: ‘Inclusive and Accessible’ Home Ownership for Everyone
Mon, 03 Oct 2022 21:37:53 +0000
Representatives Jim Himes (D-Conn.) and Gwen Moore (D-Wisc.) recently penned an open letter for Newsweek on how to make home ownership “inclusive and accessible for every American.”  Himes, as the Chairman of the House Select Committee on Economic Disparity and Fairness in Growth, and Moore, as a member of the House Select Committee on Economic ...

New Study Finds Majority of U.S. Markets Favor Sellers
Mon, 03 Oct 2022 21:11:03 +0000
The housing market continues to change as higher mortgage rates, rising inflation and economic uncertainty have sidelined many buyers. Meanwhile, according to this month's Knock Buyer-Seller Market Index, sellers have the upper hand remaining in most markets throughout the U.S. Although home sales were down 38%, inventory was up 5.5%, and days on market increased ...