Norfolk Real Estate News
Norfolk
NAHB Says Housing Supply, Affordability Will Improve with More Workers
According to a new report by the Home Builders Institute, a severe shortage of construction workers continues to weaken housing supply and affordability.
U.S. Commercial, Multifamily Mortgage Delinquency Rates Remain Low in Q1
According to the Mortgage Bankers Association's latest Commercial/Multifamily Delinquency Report, commercial and multifamily mortgage delinquencies declined in the first quarter of 2022.
Mortgage Applications Dip Again in Late May
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 27, 2022, U.S. mortgage applications decreased 2.3 percent from one week earlier.
U.S. New Home Sales Dive 27 Percent Year-Over-Year in April
According to the National Association of Home Builders, in a further sign of a housing slowdown, new home sales posted a double-digit percentage decline in April 2022, falling to their weakest pace in two years, as rising mortgage interest rates and worsening affordability conditions continue to take a toll on the housing market.
