There are more homes for sale as spring approaches, and house hunters are hitting the pavement. Home touring activity is rising, and mortgage-purchase applications are up 11% this week. New listings rose 13% from a year earlier nationwide during the four weeks ending March 3, the biggest increase...
HPSI Inches Upward Again, Now at Highest Level in Nearly 2 Years The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 2.1 points in February to 72.8, inching higher for the third consecutive month, due primarily to increased optimism around home-selling conditions. In February, 65% of...
During the State of the Union address, President Biden announced that the administration was moving forward with a previously rejected pilot program that would waive the requirement for lender's title insurance on certain refinances. This misguided effort should only be seen as a purely political...
Home sellers were more active this February, with 11.3% more homes newly listed on the market compared to last year According to Realtor.com®'s February housing report, the Spring housing market is shaping up to be an active one for prospective homebuyers. In fact, there were 14.8% more homes...
National homebuilder celebrates Women in Construction Week with team member stories and new workforce statistics As the construction industry remains male-dominated, Taylor Morrison, America's Most Trusted® Home Builder, is breaking barriers with an increasing number of women in its workforce. In...
$240 Million Deal Rated by Morningstar DBRS Toorak Capital Partners, Inc. (“Toorak”), a leading capital provider to the residential real estate lending industry, today announced the successful closing of the first-ever rated residential transition loan (“RTL”) securitization, Toorak 2024-RRTL1....
The income needed to comfortably afford a home is up 80% since 2020, while median income has risen 23% in that time Those shopping for homes today need to make more than $106,000 a year to comfortably afford a home. A mortgage payment on a typical U.S. home has nearly doubled since 2020....
Purposefully Built for Rent By Carole VanSickle Ellis It was a very happy Valentine’s Day in February 2020 when Quinn Residences closed on its first project, a 93-home community in Raleigh, North Carolina. The company had big plans for the townhome community, including a shift from the for-sale...
The “Motor City” is Coming Back for More By Carole VanSickle Ellis At the end of 2023, Detroit, Michigan, was enjoying some unseasonably warm weather thanks to a “no-snow December” that posted high temperatures in the 40s and about one-tenth of an inch of snow for the Motor City (vs. “normal”...
