Industry News

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Home Equity Slips, Yet Remains Strong
Thu, 01 Feb 2024 22:05:42 +0000
The portion of equity-rich mortgaged homes has decreased, but the overwhelming majority still have massive amounts of equity built up.

Affordable Housing to Get Boost by House Passage of Tax Relief Act
Thu, 01 Feb 2024 21:03:24 +0000
House passage of H.R. 7024 will enhance the Low-Income Housing Tax Credit and support affordable housing nationwide through the construction and rehabilitation of housing for low- and moderate-income households.

HUD Awards $39M+ to Prevent Safety Hazards
Thu, 01 Feb 2024 18:36:28 +0000
Funding through the Department’s Healthy Homes Production Grant Program helps ensure that low-income families’ homes are safer and healthier.

Buyer Purchasing Power Up as Share of For-Sale Homes Improves
Thu, 01 Feb 2024 18:19:20 +0000
"We are seeing increases in inventory and, importantly, gains in newly listed homes for sale indicating sellers are more ready to make moves," said Danielle Hale, Chief Economist of "Time on market fell, signaling that buyers are ready to make offers on these new options."

Consumer Benefits of Monitoring Credit
Wed, 31 Jan 2024 22:08:13 +0000
A new TransUnion study revealed how underserved and new-to-credit consumers significantly benefit from monitoring their credit, which “...has expanded considerably in awareness and usage over the past decade,” according to Charlie Wise, Co-Author of the study and Head of Global Research and Consulting at TransUnion.

Just How Severe Is the National Housing Shortage?
Wed, 31 Jan 2024 20:59:19 +0000
According to new research from the Joint Center of Housing Studies, the lack of homes for sale that has affected the nation is one of the main causes of Americans' affordability concerns.

Federal Reserve Holds Rates Steady Moving Into the New Year
Wed, 31 Jan 2024 20:39:06 +0000
The Federal Reserve’s Federal Open Market Committee again chose that no action is better than changing rates as the economy begins to stabilize.

Q4 Luxury Home Prices Reach All-Time High
Wed, 31 Jan 2024 19:18:16 +0000
Redfin reports that in Q4 2023, the price of U.S. luxury homes rose at twice the pace of non-luxury homes, led by affluent buyers closing the deal in all-cash transactions.

HUD to Disburse $3.1B in Assistance Funds for Unhoused Peoples
Tue, 30 Jan 2024 22:34:20 +0000
The $3 billion in grants, awarded nationally, will fund over 7,000 projects. It represents the largest amount of annual federal funding provided through HUD’s Continuum of Care program in history.

How Americans Feel About the Path to Homeownership
Tue, 30 Jan 2024 22:00:01 +0000
With the new year underway, a new survey from Home Bay revealed the benefits of owning a home, how buyers and renters feel about achieving homeownership in 2024, and the quality of life and happiness it provides.