Zillow’s new AI-powered natural-language search is a first in real estate
Now buyers and renters on Zillow can skip the filters and search the same way they'd describe their ideal home to a friend, including features like layout, location, style, condition, lifestyle and more Zillow
Fannie Mae Multifamily Closes 2022 With $69 Billion in Volume
Fannie Mae's Multifamily Financing Provided Continued Support for Affordable Housing and Other Market Segments Fannie Mae (OTCQB: FNMA) provided more than $69 billion in debt financing to support the multifamily market in 2022. Through our Delegated Underwriting and
Mortgage Application Payments Fall 2.9 Percent to $1,920 in December
Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing 2.9 percent to $1,920 from $1,977 in November. This is according to the Mortgage Bankers Association's (MBA) Purchase
Black Knight’s First Look: Mortgage Delinquencies Closed 2022 Down 9% for the Year, While Prepayments Hit Third Consecutive Record Low
The national delinquency rate inched up 7 basis points in the month to 3.08%, but finished the year 30 basis points (-9%) below its December 2021 level Prepayment activity fell to 0.39% – with single month
MBA Statement on the Biden Administration’s Announcement on Rental Tenant Protections and Affordability
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the Biden Administration’s action items announcement today on rental tenant protections and affordability: “MBA shares the Biden administration’s commitment to fair and equitable
Share of Mortgage Loans in Forbearance Remains Flat at 0.70% in December
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained flat relative to the prior month at 0.70% as of December 31, 2022. According to MBA’s
Renters Can Now Instantly Book Apartment Tours on Zillow
Zillow is improving the challenging tour-scheduling process by enabling renters to automatically schedule tours in the same way they book restaurant reservations Zillow today announced a convenient feature which enables renters to book an
Here Comes The Fed — Deja Vu?
For the first time in 2023, the Federal Reserve Board will be meeting next week, and chances are we will see another increase in short-term rates. We ended last year with the Fed raising
Mortgage Rates Continue to Decrease
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.15 percent. “As inflation continues to moderate, mortgage rates declined again this week,” said Sam
Housing Sector Awaits Improvement in Affordability; Modest Recession Still Expected
Elevated Mortgage Rates and Home Prices Expected to Continue to Limit Housing Activity Despite ending the year on a stronger-than-anticipated footing, the economy is still expected to slip into a modest recession beginning in