A new resource from Dwellsy highlights the cities that best suit renters’ needs Dwellsy published its 2021 ranking of best cities in America for renters. Taking into consideration a number of factors such as rent prices, availability, employment, schools and health we ranked over 350 metropolitan areas on their attractiveness for renters. At Dwellsy, we know there is a city and a great rental home out there for every renter,
Read MoreMultifamily Borrowers Now Eligible for Forbearance through September 30, 2021 To continue to support renters in multifamily units and Fannie Mae-financed multifamily property owners experiencing financial difficulties as COVID-19 persists, Fannie Mae (OTCQB: FNMA) announced the extension of its multifamily COVID-19 forbearance program through September 30, 2021. The program, which requires landlords to suspend all evictions for renters unable to pay rent during the forbearance period, was formerly set to expire on June
Read MoreCoreLogic Home Price Index recorded a 13% annual gain, the highest since February 2006 Limited inventories discourage potential sellers, further exacerbating inventory and affordability challenges CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for April 2021. Sparse inventory and high demand continues to place upward pressure on home prices, creating challenges across generations as buyer preferences shift. Younger millennials
Read More–Purchases of high-end homes jumped 26% in the three months ending April 30, versus a 15% increase for mid-priced homes –Prices of high-end homes also saw a relatively big climb, up 14%, versus a 10% rise for affordable homes –Homes in every price tier are selling in less than 4 weeks–significantly faster than a year ago Purchases of high-end homes in the U.S. jumped 26% year over year during the
Read MoreBut Zombie Foreclosures Still Represent Just One of Every 12,300 Residential Properties; Percentage of Foreclosure Properties Sitting Empty Ticks Down ATTOM Data Solutions, curator of the nation’s premier property database, released its second-quarter 2021 Vacant Property and Zombie Foreclosure Report showing that 1.4 million (1,409,457) residential properties in the United States are vacant this quarter, representing 1.4 percent of all homes. The report analyzes publicly recorded real estate data collected by ATTOM
Read MoreAppointment Underscores Fannie Mae’s Commitment to Sustainable Homeownership Fannie Mae (OTCQB: FNMA) has appointed Malloy Evans to the position of Executive Vice President and Head of Single-Family, effective immediately. Evans was previously Senior Vice President and Chief Credit Officer for Fannie Mae’s Single-Family Business, where he managed first-line credit risk from mortgage acquisition through disposition and oversaw the establishment of selling and servicing risk policies and eligibility standards to ensure sustainable lending
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