Affordable housing

Just because millions of empty properties are located in U.S. cities, it doesn't counter the fact that an inventory shortage exists, or fix it, LendingTree said.

The introduction of quarterly price data for the segment arrives as a certain type of factory-built home attracts favorable attention from consumers.

The Convergence Collaborative, building on a Mortgage Bankers Association initiative in three cities, is seeking innovative solutions to the racial gap problem.

Mortgage applications were up and rates were down in the wake of the Federal Reserve's interest rate cut, but experts wonder will that be enough to counteract higher housing prices.

Activist John Hope Bryant has suggested the 40-year mortgage as a solution to affordability issues for first-time buyers. While it has some support, industry players also note questions about practicality remain.

Homes are 4.4% more affordable, the first annual improvement in years, while first-time buyers with lower incomes can qualify for a median priced house.

State housing finance agencies had a resurgent fiscal 2023 and the recent fed funds rate reduction could have a mixed impact on them, Fitch Ratings said.

Building on a prior initiative, the Federal Home Loan Bank of Atlanta is making available $5 million in grants to support efforts to assist owners of heirs' property.

The government agency also finalized a rule that will bring virtual home buyer counseling services to consumers.

Changes to the Manufactured Home Construction and Safety Standards include allowing the building of two-to-four family units on a permanent basis.