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MBA, Housing Groups Respond to FHFA's Announcement on Resident-Centered Practices and President Biden's Press Conference Remarks on Rent Control
“We appreciate FHFA’s ongoing, collaborative approach with our members and other industry stakeholders on ways to increase affordable rental housing supply and to adopt common sense practices that better serve tenants. Long-term, the only real way to sustainably lower housing costs and create more housing security for renters is to increase housing supply as the Biden Administration Housing Supply Action Plan correctly points out."
U.S. Department of the Treasury Hosts Roundtable with Consumer Groups and Industry Representatives on Title Insurance
Today, the Federal Insurance Office (FIO) at the U.S. Department of the Treasury hosted a roundtable discussion with representatives from the financial services sector and consumer groups to discuss the title insurance industry and analyze potential reforms, as part of the Biden administration’s efforts to lower costs for homebuyers.
NAHB Urges Congress to Address Housing Affordability Crisis
The National Association of Home Builders called on Congress today to support policies that will allow home builders to construct more homes and apartments to help ease the nation’s housing affordability crisis and provide better, more affordable housing opportunities for all American households.
Mortgage Applications Decrease in Latest MBA Weekly Survey
“The recent uptick in mortgage rates has slowed demand. Mortgage applications were essentially flat last week, as mortgage rates remained around 7 percent,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “Purchase activity picked up slightly, driven primarily by increases in FHA and VA applications."
26% of REALTORS® Said Lack of Inventory and Housing Affordability Prevented Clients from Buying Homes in 2023 as Existing-Home Sales Fell to Lowest Level Since 1995
“2023 was a difficult year for REALTORS® due to high mortgage rates and low housing inventory, which significantly impacted home sales volume,” said Jessica Lautz, NAR deputy chief economist and vice president of research. “REALTORS® faced competition at all angles – not only to represent clients but also to ensure their buyers’ offers were accepted amid tough real estate market conditions.”

Real Title Services
June Jobs Report Commentary from MBA's Mike Fratantoni
Similar to May, the headline gain in nonfarm payroll employment data in June does not tell the entire story. While the headline gain showed an increase of 206,000 jobs, more than one-third of that was a gain in government employment, largely a function of increases in state and local jobs.
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates moved higher last week, crossing the 7 percent mark, even as the latest inflation data has kept market expectations alive for a rate cut from the Fed later this year,” said Mike Fratantoni, MBA’s SVP and Chief Economist. “Purchase applications decreased the final full week of June, even as both new and existing inventories have increased over the past few months."
NAR Responds to Consumer Federation of America, Defends Consumer Choice in the Settlement
Consumer choice is paramount, particularly when it comes to determining the nature and cost of professional representation in a real estate transaction. It is deeply concerning that the Consumer Federation of America has taken a position on listing agreements and offers of compensation that would harm consumers by leaving them with less choice than ever before.
Stewart Head of National Commercial Services Erin Sheckler Honored with HousingWire's 2024 Women of Influence Award
Stewart Information Services Corporation announced today that Erin Sheckler is a recipient of the 2024 Woman of Influence Award presented by HousingWire. The annual award, now in its 15th year, honors 100 women shaping and propelling the mortgage, real estate and fintech industries forward.
Chief Advocacy Officer Shannon McGahn Recognized as a 2024 Women of Influence by HousingWire
“Shannon is relentless in her pursuit to ensure NAR is on the leading edge of advocacy,” said NAR President Kevin Sears. “She’s also exceptionally well suited to work in a divided Washington because of the strong relationships she continues to maintain with both political parties, and she’s expanded NAR’s lobbying team to ensure Realtors® are reaching every congressional office on both sides of the aisle.”

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