CFPB Consumer Complaint Bulletin Examines County-Level Demographic Data
Today the Consumer Financial Protection Bureau (CFPB) formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Demand for Residential, Industrial, and Recreational Land Increases During the Pandemic
Land sales rose at a healthy pace in 2020 compared to the collapse in transactions of commercial real estate structures. www.nar.realtor – Research
Disconnect Between Home Sales, Prices, and Rates
Posted To: Mortgage Rate Watch This week’s New Home Sales report (for the month of March) stole the show, coming in over 1 million for the first time since 2006. But although sales are up 66% year-over-year, prices have fallen in recent months and are now basically unchanged from last year. What’s up with that? […]
Existing Home Price Appreciation Hits All-Time High and New Home Sales Bounce Back
Economic and Housing Weekly Note – April 23, 2021…(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
The Past, Present, and Future of Fair Housing
NAR, in partnership with the Memorial Foundation, sponsored a special Facebook Live event, “The Past, Present, and Future of Fair Housing.” Soledad O’Brien, an award-winning documentarian, journalist, speaker, author, and philanthropist, hosted the event. Secretary of the U.S. Department of Housing and Urban Development Marcia Fudge was the headline speaker. www.nar.realtor – Fair Housing
UI Says HARP 2.0 Could Help Pandemic-Era Borrowers; Rates Back to Recent Lows
The Urban Institute (UI) is advocating for a streamlined refinancing program similar to the Home Affordable Refinance Program (HARP) which aided many homeowners during the Great Recession to assist those impacted by the pandemic. HARP, which was used by more than 3.4 million borrowers between 2009 and 2018, offered simplified documentation, automated appraisals, no or […]
SCV Announces 2021 REACH Commercial Cohort
SCV Announces 2021 REACH Commercial Cohort The REACH Commercial program helps high-growth potential technology companies scale in and beyond the commercial real estate sector. Media Contact: Wesley Shaw 202-383-1193 Commercial & Investment Real Estate, Technology
Jobless Claims Dropped Sharply Last Week
While employment is gaining momentum, layoffs are still happening and are significantly elevated compared to pre-pandemic. www.nar.realtor – Research
Buyer Demand Provides Modest Boost to Builder Confidence
New home builders seem to be slowly getting their mojo back. After recovering from the hit they took in the first days of the pandemic, they encountered labor shortages, supply chain issues, and rising material costs. The National Association of Home Builders (NAHB) said that builder confidence in the new home market, driven by strong […]
NAR Policy Forum Series: Tipping the Scale
On April 8, 2021, NAR hosted a virtual event to discuss the Tipping the SCALE research, which reviews three major types of alternative data that could be used to evaluate a consumer’s creditworthiness: credit proxies, banking data, and, non-financial personal data. Award-winning real estate journalist Michele Lerner lead a Q&A on research by authors Vanessa […]