The Wall Street Journal, Sept. 18, 2024-Gina Heeb and Nicole FriedmanThe era of ultralow mortgage rates in the U.S. is unlikely to return anytime soon, even as the Fed cuts …
Category: Top National News
Dollar Stores Expand Aggressively Even as Sales Shrink
The Wall Street Journal, Sept. 17, 2024-Kate KingDollar stores are contending with slowing sales and weaker earnings. That is not stopping them from pursuing an aggressive real-estate expansion.Click here for …
Millennials and Gen Z Embrace Co-ownership to Make Homeownership Dreams Come True
CBS News, Sept. 18, 2024-Nancy Chen and Analisa NovakThe real estate market is as challenging as ever, particularly for first-time buyers. According to the National Association of Realtors, the average …
2024 Set to Mark 30-Year Low for Existing Home Sales: Fannie Mae
MPA, Sept. 18, 2024-Candyd MendozaExisting home sales are on track to hit their lowest level in nearly 30 years, Fannie Mae’s Economic and Strategic Research (ESR) Group said.Click here for …
U.S. Multifamily Housing Completions Surge in Good Sign for Rents
Bloomberg News, Sept. 18, 2024-Matthew BoeslerBuilder completions of U.S. multifamily housing units soared to a five-decade high in August, a development that will probably help ease pressure on rents.Click here …
California to Fast-Track Downtown Office Conversions
Globe St., Sept. 18, 2024-Jack RogersA new law aiming to fast-track office-to-housing conversions of empty buildings in California’s struggling downtowns has been passed by the state Senate and sent to …
U.S. Home Prices Continued Growing in August
The Wall Street Journal, Sept. 17, 2024U.S. home prices grew 0.5% in August, the largest month-over-month increase since April, according to Redfin.Click here for more (subscription)
Home Sales Are Growing Faster Than They Have in 2 Years
Quartz, Sept. 17, 2024-Rocio FabbroHousing market activity is finally picking up again amid the decline in mortgage rates.Click here for more
To Expand Housing Counseling Services, HUD Taps Zillow
HousingWire, Sept. 17, 2024-Chris ClowThe federal government is launching a campaign on Zillow to help provide housing counseling services to more Americans.Click here for more (subscription)
What Fed Rate Cuts Will Mean for Five Areas of Your Financial Life
The New York Times, Sept. 17, 2024-Ron Lieber and Tara Siegel BernardThe moment consumers have been waiting for is finally here: The Federal Reserve is poised to cut its key …