-
HUD Ends Investigation of the Appraisal Foundation With Agreement
The Department of Housing and Urban Development (HUD) announced a Conciliation Agreement with The Appraisal Foundation (TAF). TAF is the private organization that sets qualifications and standards for the appraisal profession.
-
Instant Reaction: Mortgage Rates, July 25, 2024
The 30-year fixed mortgage rate from Freddie Mac was nearly unchanged at 6.78% this week vs 6.77% last week.
-
The Housing Affordability Index: Home Prices Surge and Rising Mortgage Rates Troubled Affordability in May 2024
Diminished Housing Affordability in May 2024 The monthly mortgage payment increased by 3.9%, while the median price of single-family homes rose by 5.7% (from $401,500 to $424,500) year-over-year. By: Michael Hyman
-
NAR Opposes Rent Cap Proposal
The administration’s proposal—which requires congressional action—would take away the accelerated depreciation tax provision from housing providers with 50 or more units who raise rents by more than 5% per year.
-
HUD Charges Appraiser, AMC, and Lender With Discrimination
HUD alleges that the appraiser prepared an insupportably low appraisal of a duplex owned by a Black woman in a predominantly White area.
-
June 2024 Foot Traffic
Nationally, Sentrilock home showings were up 2% year-over-year in June 2024. Showings increased in two of the four regions of the U.S.
-
July 2024 NAR Real Estate Forecast Summit: Residential Update
On July 22, 2024, NAR held a virtual economic and real estate summit that provided an outlook on the changing residential real estate market.
-
Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of $426,900
Homes are sitting on the market a bit longer, and sellers are receiving fewer offers as a slow shift occurs from a seller’s market to a buyer’s market.