Yahoo Finance, September 25, 2024-Dani RomeroNew home sales dropped in August from the previous month as would-be homebuyers wait for mortgage rates to fall further.Click here for more
Category: Top National News
Prepayments Hit Two-Year High as Incentivized Borrowers Act
National Mortgage News, September 25, 2024-Bonnie SinnockThe rate at which consumers prepaid their home loans soared to heights not seen in 24 months in August, suggesting most of those identified …
They Bought Homes With Their Friends—and Now They Want Out
The Wall Street Journal, Sept. 23, 2024-Dalvin BrownBuying a home with friends sounds like a dream. Until you try to get out.Click here for more (subscription)
Waiting for the Miracle of Church-to-Housing Development
Bloomberg News, Sept. 24, 2024-Patrick Sisson In 2009, Arlington Presbyterian Church was celebrating more than a century in its Northern Virginia community. It was also facing another, less optimistic, milestone: …
Podcast: How the Cost of Housing Became So Crushing
The New York Times, Sept. 24, 2024-The Daily Over the past year, frustration over the cost of housing in the United States has become a centerpiece of the presidential race, …
The Commercial-Property Market Is Coming Back to Life
Bloomberg News, Sept. 24, 2024-Natalie Wong and John GittelsohnBuyers and sellers in U.S. commercial real estate are increasingly convinced that the beleaguered market is reaching a bottom.Click here for more …
Affordability Rising As Income-To-Home-Price Ratio Falls
National Mortgage Professional, Sept. 24, 2024-Erica DrzewieckiThe annual income U.S. homebuyers need to afford the median home declined this August for the first time in four years as falling mortgage …
Mortgage Rates Dip, Giving U.S. Homebuyers Over $200,000 in Additional Spending Power in Some U.S. Cities
CNBC, Sept. 24, 2024-Mike WintersU.S. home buyers are gaining tens of thousands in purchasing power as mortgage rates drop.Click here for more (subscription)
Will Mortgage Rates Drop in October Without a Fed Meeting?
MoneyWatch, September 24, 2024-Christy BieberIf you’re going to buy a home soon, it’s important to know whether mortgage rates could fall in October–even without a Fed meeting scheduled.Click here for …
Attention Kmart Shoppers: The Last Full-Size Kmart in the Mainland United States is Closing
CNN, Sept. 24, 2024–Chris IsidoreKmart, once one of America’s leading discount retailers, is closing its last full-size store in the mainland United States.Click here for more