NAR Board of Directors Ratifies Changes to Standard of Practice 10-5 and Professional Standards Policy Statement 29
June 05 2025 | |
“NAR continually assesses and, when appropriate, amends the Code of Ethics to ensure the specific articles are clear in their language and intent, and can be enforced fairly and consistently,” said Kevin Sears, President of NAR. “Consistent with our deep commitment to upholding principles of fair housing and equal treatment for all consumers, these amendments provide clarity to our members, reduce risk for state and local associations enforcing the Code of Ethics, and bring Article 10 in line with similar requirements applied by other large trade associations.”
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Mortgage Applications Decrease in Latest MBA Weekly Survey
June 04 2025 | |
“Most mortgage rates moved lower last week, with the 30-year fixed rate declining to 6.92 percent and staying in the 6.8 percent to 7 percent range since April," said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “Mortgage applications decreased over the week but continue to exhibit annual gains, with purchase applications running 18 percent ahead of last year’s place."
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Commercial and Multifamily Mortgage Delinquency Rates Increased in First-Quarter 2025
June 03 2025 | |
“Commercial mortgage delinquencies rose across all major capital sources in the first quarter of 2025, reflecting growing pressure on certain property sectors and loan types,” said Reggie Booker, MBA’s Associate Vice President of Commercial Real Estate Research. “While delinquency rates remain relatively low for most investor groups, the uptick in CMBS delinquencies signals heightened stress in parts of the market that lack refinancing options or other challenges.”
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Mixed Conditions for Single-Family Construction, Apartment Boost in Smaller Metros
June 03 2025 | |
“Single-family housing construction moderated to start the year as economic expectations remain uncertain,” said NAHB Chairman Buddy Hughes, a home builder and developer from Lexington, N.C. “Meanwhile, multifamily output remained lackluster in high-density areas but registered strong growth in areas surrounding smaller metro centers.”
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