Local and International Events

Rush to Build New Homes to 2021 IECC Exacerbates Affordability Crisis, NAHB Tells Congress
🗓 Reminder! Share your thoughts on the federal push to mandate the 2021 energy code that could ADD UP TO $31K to new home prices! 💰🏡 While improving efficiency is the goal 💡, @NAHBhome warns it risks shutting many buyers & renters out of the market. 🚷 Right move or #HousingAffordability disaster? 💬 Read the press release from The National Association of Home Builders (NAHB), and Weigh in below! #EnergyEfficiency #NewHomeCosts
Mortgage Applications Increase in Latest MBA Weekly Survey
🚨 Mortgage Shake-Up! 🚨 Apps +1.9% as refi boom hits 7% weekly spike, 21% YOY high! But buyer woes persist - purchases down 11% YOY amid tight supply. Rates dip to 7.01% "spurring borrowers to act" says MBA. Refi craze VS sluggish purchases - hold onto your hats for this mortgage rollercoaster! 🎢
Higher Interest Rates Keep Single-Family Housing Starts Flat in April
It's time to play "Would You Rather?" on the spring housing market! Would you rather: A) Mortgage rates dip back under 6%, reviving strong single-family home buying & building? OR B) Rates hold steady at around 7%, but rental construction continues at a torrid pace to ease shortage? Maybe you have another scenario in mind? Or want to qualify your vote? Let me know in the comments! More new single-family homes ease the severe inventory crunch, but rental supply also desperately needs a boost.
Housing Trade Groups Applaud Launch of Bipartisan Congressional Real Estate Caucus
Hey, real estate fam! Did you see the news last week? 👀 On May 6th, a new Bipartisan Congressional Real Estate Caucus was announced, co-led by @RepMarkAlford @RepLouCorrea @RepTraceyMann and @RepBrittanyPettersen. Now that it's been a few days, I'm really curious to hear your take: What should be their TOP priority? A) Increasing Housing Supply B) Expanding Access to Low Down Payment Mortgages C) Promoting Affordable Rental Housing D) Overhauling Zoning/Land Use Regulations
📈 Mortgage Delinquencies Rose in Q1 2024
📈 Mortgage Delinquencies Rose in Q1 2024 According to the latest @MBAnational data, the overall mortgage delinquency rate increased to 3.94% in Q1 2024, up from 3.56% a year ago. What's driving this uptick in missed mortgage payments? Vote below: 🔘 Higher unemployment 🔘 Lower personal savings 🔘 Rising costs (taxes, insurance) 🔘 Increased consumer debt loads 🔘 Other factors Share your perspective! See the full Q1 2024 mortgage delinquency snapshot here:
California Association of Real Estate Brokers
The California Association of Real Estate Brokers, Inc. (CAREB) Annual Conference -October 24-26, 2018. Register now! Click here: www.careb.eventbrite.com #realestate #Annualconference #thepowerisnow #realestatebroker #mortgage
California Association of Real Estate Brokers
The California Association of Real Estate Brokers, Inc. (CAREB) Annual Conference -October 24-26, 2018. Register now! Click here: www.careb.eventbrite.com #realestate #Annualconference #thepowerisnow #realestatebroker #mortgage