Housing Secretary Marcia Fudge stepping down March 22
Surprise announcement comes on same day Biden administration rolls out $7.3T budget proposal that would provide $258B to expand access to affordable housing
by Matt Carter Mar 11
New-home sales show promise with 1.8% annual growth
New-home sales increased 1.8% to a seasonally adjusted annual rate of 661,000. Economists say the report, alongside improved builder sentiment, shows promise for a robust spring
by Marian McPherson Feb 26
'The Mortgage Professor' Jack Guttentag dies peacefully at 100
Guttentag 'remained sharp to the end' and continued researching and writing about mortgages until passing away on Feb. 6, his friend and colleague Allan Redstone tells the Wharton School
by Matt Carter Feb 23
Virginia landlord arrested for racial discrimination, rampant fraud
David Merryman is facing fraud and civil rights abuse charges. He is accused by federal prosecutors of subjecting his Black tenants to violence and racist slurs
by Ben Verde Jan 22
Gavel over one hundred dollar bills represents Newrez' settling a complaint
Lawmakers are demanding a federal investigation in the wake of a CNN analysis that concluded the nation's largest credit union denied more than 50% of Black mortgage applicants in 2022
by Matt Carter Jan 12
The real estate agent's ultimate guide to fair housing
By understanding and adhering to fair housing laws, you contribute to eliminating discrimination
Housing starts defy expectations, surge to highest point since May
Housing starts jumped 14.8% between October and November to a seasonally adjusted annual rate of 1.56M. That's 9.3% higher than they were in December 2022
by Ben Verde Dec 19
FHA 2024 loan limits are headed up, chasing rising home prices
Annual home price appreciation of 5.5% pushes FHA loan limits up to a minimum of $498,257 in affordable markets and to a ceiling of up to $1.72M in high-cost states like Alaska and Hawaii
by Matt Carter Nov 29
Biden administration backs plan to convert more offices to homes
Initiative provides new financing and technical assistance to developers and local government, and highlights grants and tax incentives that can make conversion projects more attractive
by Matt Carter Oct 27
New-home sales soar in September — but analysts see sales slowdown
New-home sales skyrocketed in September, soaring to a 20-month high, according to data issued Wednesday by the US Census Bureau and the Department of Housing and Urban Development
by Ben Verde Oct 25
FHA will consider rent from ADUs when qualifying borrowers
HUD says policy change is intended to help more first-time homebuyers, seniors, and inter-generational families tap the wealth building potential of homeownership
by Matt Carter Oct 19
Mortgage assistance for Hawaii fire victims includes forbearance help
Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents
by Matt Carter Aug 15
New-home sales soar to 1-year high in March as purchases leap 9.6%
The strong monthly uptick in sales marked the fourth-straight month of increases as homebuyers eased back into the market and adjust to higher mortgage rates, according to new Census data
by Lillian Dickerson Apr 25
federal flood insurance lapse
Study led by economists at the Environmental Defense Fund identifies some surprising regions, such as Appalachia and northern New England, as overvaluation hotspots
by Matt Carter Feb 16