If new neighborhoods do not hurt property values, contribute to overcrowding or make traffic any worse, people are more likely to support affordable housing in their own backyards, the third annual National Housing Opportunity Pulse survey found."The survey sheds new light on the conditions that encourage people to support affordable housing," said Pat Vredevoogd, the first vice president of the National Association of Realtors, which sponsors the study. NAR's hope is that the research will serve as a guide to local officials and gives them "the political will to do what people want," said Ms. Vredevoogd, who is a working broker-agent in Grand Rapids, Mich. Eight out of ten of the 1,600 people queried for the survey said the lack of affordable rental and for-sale properties was a major concern.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
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The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24