Sacramento (Calif.) Bee, Feb. 5, 2025–Theresa Clift and Phillip ReeseLike many Sacramento homeowners, real estate agent Anna Curry and her family are trapped in a low-rate mortgage. Her family is …
Category: Top National News
Homebuyer Mortgage Demand Drops Further, a Troubling Sign for the Spring Market
CNBC, Feb. 5 2025-Diana Olick Mortgage applications to purchase a home last week fell 4%, compared with the previous week, the mortgage Bankers Association reported. The average contract interest rate …
Real Estate Finance’s January Thaw
Commercial Property Executive, February 3, 2025-Suzann D. SilvermanLast month’s frigid temperatures did not include the usual break this year, but the economic climate for real estate finance did. And hopefully …
NCREIF Indices End 2024 in Positive Territory
CRE Connect, Feb. 4, 2025-Paul BubnyThe National Council of Real Estate Investment Fiduciaries said fourth-quarter results for the NCREIF Fund Index–Open-end Diversified Core Equity posted a total return of 1.16%, …
New Tariffs Could Raise Home Prices and Sideline Potential Buyers
CNBC, Feb. 4, 2025-Diana OlickThe U.S. housing market was already struggling under the weight of high mortgage interest rates, a low supply of existing homes for sale and historically high …
How Will Mortgage Rates Respond as Tariffs and Inflation Loom Large?
HousingWire, February 4, 2025-Neil PiersonThe long-term cost of a home loan remains above 7%, but the trendline is moving in a positive direction for consumers and lenders even after the …
Elon Musk’s DOGE Says It Has Terminated 22 Federal Leases
Bisnow.com, Feb. 3, 2025-Emily WishingradThe Trump administration has canceled 22 leases equating to $44.6 million in cost savings for the federal government, the Elon Musk-led Department of Government Efficiency posted …
Amazon, King of Online Retail, Can’t Seem to Make Its Physical Stores Work
Wall Street Journal, Feb. 4, 2025-Kate KingThe e-commerce giant is closing more of its convenience stores; ‘I don’t think they really understand retail,’ a consultant said.Click here for more (subscription)
Bessent Takes Helm of Consumer Finance Watchdog, Orders Halt to Work
The Wall Street Journal, Feb. 3, 2025-Dylan Tokar and Ben EisenTreasury Secretary Scott Bessent is ordering a freeze to work at the Consumer Financial Protection Bureau, after being named its …
Climate Change Could Erase $1.4 Trillion in Real Estate Value: Report
Axios, Feb. 3, 2025-Andrew FreedmanA novel new report combining several strands of research finds that human-driven climate change could result in $1.47 trillion in net property value losses from rising …