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US single-family rent growth eased in October

Housing Wire

single-family rent growth softened year-over-year in October, but remained above pre-pandemic levels. Rent growth was also the lowest since the summer of 2020. That’s according to CoreLogic ’s Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas.

Principal 418
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Shelter costs rose again in August, but there’s an asterisk

Housing Wire

Indexes that increased in August include rent, owners’ equivalent rent, motor vehicle insurance, medical care, and personal care. The indexes for lodging away from home, used cars and trucks, and recreation were among the categories that decreased over the month. The rent index was up 7.2% a year earlier.

MLS 354
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FHFA imposes a $140B cap to GSEs’ multifamily loan purchases in 2024

Housing Wire

This loans category, first developed in 2023, preserves rents at affordable levels in multifamily properties, typically without public subsidies. According to the rules, at least 50% of the GSEs multifamily businesses should be directed to mission-driven, affordable housing.

Loans 316
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Empty-nesters own twice as many large homes as millennials with children

Housing Wire

of all the three-bedroom-plus rentals nationwide, the largest share of any generational category. Another 17% of millennials, regardless of it they have children or not live with a family member in a home that the family member owns or rents, while 10% live in a home owned or rented by a non-family member.

Equity 441
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Inflation slows in May as shelter costs continue to cool

Housing Wire

Shelter, which is the largest category, also posted a sizable increase, rising 8.0% The BLS’s CPI metric lags asking rents because the CPI measures in-place rent, and because most renters see a change only once per year, the index lags significantly from asking rents on new leases. year over year (down from 8.1%

MLS 334
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FHFA announces new multifamily loan purchase caps for GSEs

Housing Wire

“The 2023 multifamily loan caps, coupled with a new mission-driven category for workforce housing properties, will continue to ensure that the Enterprises have a strong commitment to addressing the need for affordable housing,” Thompson said.

Loans 361
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Opinion: More financing options for ADUs are needed

Housing Wire

However, despite these well-intentioned programs, ADUs remain a somewhat tricky thing for many consumers to finance – and many lenders are still figuring out how to best serve this growing category. The program helps lower income individuals access funding, though these grants can feel complicated and cumbersome for homeowners to navigate.

Finance 456