Given the myriad challenges that defined the 2023 real estate market, from low inventory to mortgage rates surging to a 23-year high—and everything in between—it’s not surprising that existing-home sales, measuring 4.09 million, sank to their lowest level in 30 years. With a lack of inventory plaguing markets across the board, and homeowners holding onto…

The post Op-Ed: Reap the Rewards of Repeat and Referral Business With a Concerted Effort to Stay in Touch appeared first on RISMedia.

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. A new report from ICE found that despite the mortgage market challenges faced last year, first-time homebuyers made significant headway as they claimed 47% of government sponsored enterprise (GSE) purchase loans and 39% of all…

The post Mortgage Mix: First-Time Homebuyers Make Headway as Mortgage Market Shifts appeared first on RISMedia.

In his State of the Union Address (SOTU) last night, President Joe Biden briefly addressed some housing-related issues, namely housing affordability, with proposals for change that industry groups generally praised. In his speech, Biden called for a $10,000 credit for first-time homebuyers as well as a $10,000 credit for people who sell starter homes. The…

The post NAR, NAHB Issue Statements on Proposed Housing Measures in SOTU appeared first on RISMedia.

In his State of the Union Address last night, President Joe Biden addressed the affordable housing issues currently hampering the country, with proposals for change that heartened the National Association of REALTORS® (NAR) and the National Association of Home Builders (NAHB), as well as others. In a White House Fact Sheet before the address, Biden…

The post NAR, NAHB Laud Biden’s Pro-Housing Measures Delivered at State of the Union Address appeared first on RISMedia.

In 1972, the National Commission on Consumer Finance issued a report identifying troubling patterns of credit discrimination against women. The report detailed how single women had more trouble obtaining credit than single men, creditors were unwilling to extend credit to a married woman in her own name, and women who were divorced or widowed had…

The post This Women’s History Month, Celebrate the 50th Anniversary of the Equal Credit Opportunity Act appeared first on RISMedia.

When you picture a new home being built, you probably picture the construction occurring onsite. Manufactured housing flips this on its head with a home being built remotely, factory-style, then transported to the land where it will rest.  While Housing and Urban Development (HUD) Secretary Marcia Fudge has previously spoken of manufactured housing as a…

The post Can Manufactured Housing Help Address Challenges Surrounding Home Affordability? appeared first on RISMedia.

When you picture a home being built, more often than not, you probably picture the construction occurring onsite. Manufactured housing flips this on its head; a home is built remotely, factory-style, then transported to the land where it will rest.  While Housing and Urban Development (HUD) Secretary Marcia Fudge has previously spoken of manufactured housing…

The post Can Manufactured Housing Address Challenges Surrounding Home Affordability? appeared first on RISMedia.