Pressure on lot supply eased last year: Zonda

Thanks to a slower rate of housing starts, there were more lots available in the fourth quarter of 2023 compared to a year earlier, according to Zonda’s New Home Lot Supply Index. Lot inventory tightened on a quarterly basis, however, a signal of rising builder activity. Year over year, the index ro
Read MoreMortgage credit availability increased in January: MBA

The availability of mortgage credit increased in January, according to a report issued by the Mortgage Bankers Association (MBA) based on data sourced from ICE Mortgage Technology. The MBA’s Mortgage Credit Availability Index (MCAI) increased in January to 92.7, or by 0.7% over December’s figure, ba
Read MoreReverse mortgage originators report good starts to 2024 business

Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. After enduring challenges stemming from higher interest rates, stricter qualifications and broader industry consolidation, loan officers seem to be
Read MoreCalifornia’s high costs aren’t deterring Gen Z from moving there: Zillow

A Zillow analysis of U.S. Census Bureau data released Friday shows that the youngest group of prospective homebuyers, Generation Z, are bucking a larger trend by moving to California. Even as California lost nearly 215,000 residents to net migration in 2022, census data also shows that the Golden St
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