HUD announces new partnerships, funding to address skyrocketing homelessness

The United States saw an 18.1% increase in homelessness this year, attributed to a lack of affordable housing, devastating natural disasters and a surge of migrants in several parts of the country, the U.S. Department of Housing and Urban Development (HUD) reported on Friday in its January 2024 Poin

The biggest challenge for the reverse industry in 2024? Mortgage rates

Reverse mortgage business — and mortgage business generally — is not where people want it to be.That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. With Home Equity Conversion Mortgage (HECM)

Active listings climb as the end of 2024 nears

A new report from Redfin revealed that active listings climbed 12% year over year (954,703 listings) during the four weeks ending December 22, though that was the smallest increase since March. Pending home sales sat at 58,267 for the four weeks, marking a year-over-year change of -3.4% — the first