Housing Affordability Still at Historically Low Level, Reports NAHB
37.7% of homes sold in Q4 were affordable to families earning median income, indicating historic low levels in housing affordability. Learn more.
Home price gains could have possibly reached the peak of the cycle, suggests CoreLogic.
As an expert in the mortgage industry, I provide non-salesy industry news summaries. Discover the national appreciation of 3.9% in 2023, reflecting a return to the pre-pandemic average – valuable insight for private lenders.
‘Hamptons’ ‘La Dune’ Sets New Record of $88M in Sotheby’s Art Auction’
Discover the latest milestone in the mortgage industry as the iconic estate 'La Dune' achieves a groundbreaking sale of $88.48 million at a Sotheby's art auction, setting a profound precedent for private lenders.
Housing coalition releases recommendations to enhance GSEs’ ‘Duty to Serve’ initiatives.
A comprehensive housing coalition presents "Blueprint 2024," highlighting strategies for agencies' Duty to Serve plans, valuable for private lenders.
Rithm Capital achieves a profit of $524 million in 2023.
Discover the latest news in the mortgage industry. Gain insights on the performance of a New York-based REIT, as it reports a net loss of $87.5M in the final quarter. Explore opportunities for private lenders.
Increase in Mortgage Demand Driven by Strong Purchase Applications
"Discover the latest market trends as mortgage demand rises, driven by lower interest rates, attracting homebuyers and refinance applicants."
Popularity of assumable mortgages increases, yet obstacles persist
Discover the challenges hindering widespread adoption of mortgage products: product limitations, strict regulations, and operational inefficiencies. Valuable insights for private lenders.
First National Bank of Pennsylvania resolves $13.5M redlining case.
Discover the latest complaint involving FNB's alleged failure to offer mortgage services in predominantly Black and Hispanic areas of Charlotte and Winston-Salem, NC. Private lenders in the region may find this development valuable.
Temporary Court Order Blocks Florida Law Restricting Chinese Citizens from Owning Property
"Learn about the recent U.S. appeals court decision halting enforcement of a Florida law prohibiting Chinese citizens from buying property in the state."
Lennar Launches Master-Planned Community Sales in Florida
Experience luxury living in a master-planned community in Florida. Floorplans range from 2,189 to 3,868 sq ft with 3-6 bedrooms and 2.5-4.5 baths. Learn more.