Matt Sexton

1 week ago | mpamag.com | Matt Sexton

Millennial buyer cohort finding success in smaller Midwestern housing markets where prices are lower By 28 May 2025 With affordability challenges greater in large metropolitan areas, millennials are turning to rural, more affordable areas for homebuying – and even in these less pricy markets, brokers see Millennial buyers as more cautious and well-informed. Apartment List issued its 2025 millennial homeownership report on May 20.

1 week ago | mpamag.com | Matt Sexton

Mortgage loan officer working to help overcome past stigma behind reverse mortgages By 28 May 2025 Reverse mortgages, also known as home equity conversion mortgages (HECM), continue to be among the more misunderstood lending products on the market. One loan officer believes that past abuses damaged HECM’s reputation, and it’s taking time for it to recover. The National Reserve Mortgage Lenders Association (NRMLA) reported declining HECM loans for the last two fiscal years.

1 week ago | mpamag.com | Matt Sexton

Is a correction in home values on the way? By 27 May 2025 Another housing report has shown a decrease in the forward progression of home prices, with the S&P CoreLogic Case-Shiller indicating a 3.4% annual increase in March – down from 4% in February – largely due to higher housing inventory. The company’s 10-City Composite, which aggregates price growth in major cities, came in at 4.8% for the month, slowing by 0.4% from February, as the 20-City Composite also fell.

1 week ago | mpamag.com | Matt Sexton

Economist sees potential tug of war between inflation and growth, putting the Fed under the gun By 27 May 2025 Home prices have slowed their ascent, and some reports from the past week showed house price declines. However, market turmoil caused by tariffs, budget legislation, and credit rating downgrades could mean more stormy waters are ahead for the mortgage market.

1 week ago | mpamag.com | Matt Sexton

One CRE lender notes a few hundred billion dollars’ worth of transactions on the way By 27 May 2025 Despite mortgage market turmoil and elevated interest rates, the commercial real estate (CRE) market is heating up. Originations increased in the first quarter of 2025, and one industry expert believes part of the surge is caused by many loans coming due soon. The Mortgage Bankers Association (MBA) released its quarterly commercial/multifamily survey last week.