Here’s how to fix the housing market inventory crisis

Housing Market Inventory Crisis

Incentivizing current owners to sell is key The U.S. housing market is in the midst of an inventory crisis. The number of homes for sale in the U.S. is hovering near record lows, caused by a pandemic-induced housing inventory death-spiral. At the same time, home sales have soared close to record highs, suggesting the housing market suffers…

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NEWS: Cultivating the Future of Housing

futureof housing

Mike Albanese May 27, 2020 Twenty-seven percent of the housing industry’s workforce identifies as a racial or ethnic minority. Fannie Mae and the Mortgage Bankers Association are looking to change that. In 2019, MBA and Fannie Mae’s Future Housing Leaders program announced a partnership to promote diversity and inclusion in the housing finance industry. Lisa…

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NEWS: Summer is the new home-buying season

Summer Home buying

These Realtors have seen demand pick up over the last few weeks Julia Falcon May 22, 2020 Spring has historically been dubbed “home-buying season,” but as the last few months have been shut down due to the COVID-19 pandemic, is summer the next best thing? The beginning of 2020 saw the strongest time for mortgage…

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NEWS: MBA Says Buyers Will Return by Summer as Lockdown Ends

Buyers Will Return

Jann Swanson May 15, 2020 The Mortgage Bankers Association (MBA) says applications for financing new home purchases were down 25 percent in April compared to March and by 12 percent year-over-year. This data from MBA’s Builder Application Survey (BAS) does not include any adjustment for typical seasonal patterns. “New home purchase applications severely weakened in April, which…

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NEWS: What does the mortgage industry’s post-pandemic future hold?

Post Pandemic

Three prominent mortgage industry leaders predict pent-up demand and a still-percolating purchase market will blossom in the post-pandemic weeks Phil Hall April 24, 2020 The challenges facing the mortgage industry were raised by three prominent industry leaders during a webinar sponsored by the National Association of Minority Mortgage Brokers of America. Kristy Fercho, president of mortgage…

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NEWS: Home Prices Rising Despite Coronavirus

Home Prices Rising

Mike Sorohan April 22, 2020 Several reports this week suggest despite the crippling effect the coronavirus has had on the spring housing market, home prices continue to increase. Below is a quick summary: Radian: Home Prices Up 5.8% Annually in March Radian, Philadelphia, said its Home Price Index showed home prices across the United States…

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