Reno Real Estate News
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Mortgage Applications Dip Again in Late May
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 26, 2023, U.S. mortgage applications decreased 3.7 percent from one week earlier.
U.S. Homebuilders Tell Congress WOTUS Rule is a Blow to Housing Affordability
Despite the nation in the midst of a housing affordability crisis and an economy confronting high inflation, the National Association of Home Builders told Congress this week that the Biden administration's decision to push through a far-reaching waters of the United States (WOTUS) rule will needlessly raise housing costs.
Record Number of U.S. Home Sellers Gave Concessions to Buyers in Late 2022
According to national property broker Redfin, home sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter of 2022 --the highest share of any three-month period in Redfin's records.
Commercial, Multifamily Lending in the U.S. Dives 13 Percent in Q3
According to the Mortgage Bankers Association's most recent Quarterly Survey of Commercial and Multifamily Mortgage Bankers Originations, U.S. commercial and multifamily mortgage loan originations decreased 13 percent in the third quarter of 2022 compared to the same period last year.
Reno Property News
U.S. Mortgage Originations to Decline 9 Percent in 2023 to $2.05 Trillion
Posted on October 24, 2022
U.S. Tenants Gravitating to Higher Quality Offices in Response to Hybrid Work
Posted on July 27, 2022
Commercial, Multifamily Mortgage Delinquency Rates Remained Low in Late 2021
Posted on March 23, 2022
Rising Financial Wealth Drives Increased Demand for Vacation Homes in U.S.
Posted on October 11, 2019
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