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Rising inventory is the most positive housing market story in 2024

Housing Wire

The most positive development in the housing market over 2024 has been the increase in active housing inventory , which is approaching the levels seen in 2019. Weekly housing inventory data On Monday’s episode of the HousingWire Daily podcast , I will be discussing the 2024 year in review of the housing market.

Inventory 491
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Treasury announces support to develop 26,000 affordable housing units

Housing Wire

Department of the Treasury ’s Community Development Financial Institutions (CDFI) Fund announced on Wednesday that it has awarded 48 organizations a total of $246.4 million to develop affordable housing and community facilities. billion from the FY 2024 Capital Magnet Fund round,” the department said.

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Apartment Construction Projected to Reach Historic Highs in 2024

Appraisal Buzz

By the end of 2024, developers plan to have completed an astounding 518,108 rental units, a startling 30% more than in 2022 and 9% more than in 2023. Furthermore, 2024 will mark the first time in the history of apartment building in the U.S. The overall impact on the number of developers might vary by region,” Ressler said. “In

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Forecasting the 2024 Hurricane Season

Appraisal Buzz

CoreLogic has issued its 2024 Hurricane Risk Report , offering an analysis of hurricane risk in the U.S., In the forecast for 2024, NOAA predicts 17-25 named storms, eight to 13 hurricanes, and four to seven major hurricanes. It also indicates an 85% chance of 2024 being an above-normal season.

Insurance 397
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VantageScore June 2024: Banks Optimistic, Consumers Cautious

Appraisal Buzz

VantageScore, a joint venture of the three major credit bureaus (Equifax, Experian, and TransUnion) managed by an independent body, VantageScore, has released its June 2024 CreditGauge report, offering a detailed analysis of the current state of U.S. Personal Loans led the jump, increasing 0.22% from 2.68% in May 2024 to 2.90% in June 2024.

Lending 391
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Foreclosures expected to grow slowly the rest of 2024: Auction.com

Housing Wire

A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status. Respondents expected the U.S.

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Mortgage Lenders Reveal Top Priorities for 2024

Appraisal Buzz

In the most recent Fannie Mae Mortgage Lender Sentiment Survey (MLSS), mortgage lenders listed “cost-cutting” and “talent management and leadership” as their two top business objectives for 2024. Lenders listed cost-cutting and talent management as their main goals for 2024, as was previously mentioned.

Mortgage 396