The New York Times, July 19, 2024–Talmon Joseph SmithA proposal to make landlords’ tax breaks contingent on rent limits has drawn industry pushback, progressive applause and some alternative approaches. (MBA …
Category: Top National News
Opinion: Why the Fed Should Cut Rates Now—Not Wait Until September
Wall Street Journal, July 18, 2024–Greg IpIf the Fed were truly data-dependent and trusted its own forecast, it would be comfortable cutting interest rates now. At a minimum, the option …
Key U.S. Mortgage Rate Drops to Lowest Since March, Freddie Mac Says
Reuters, July 19, 2024–Makailah GauseThe average interest rate on the popular U.S. 30-year fixed-rate mortgage fell to its lowest level since mid-March this week, a welcome development for a housing …
CMBS Issuance Balloons in 1H to $42.29 Billion
Commercial Real Estate Direct, July 18, 2024–Orest MandzyDomestic, private-label CMBS issuance remained very healthy during the second quarter, pushing new-issue volume for the first half to $42.29 billion, up nearly …
The Actual Cost of Selling
The Housing Scene, July 19, 2024–Lew SichelmanMost people realize they’ll have to pay a hefty commission to sell their homes. But that’s only the half of it, according to new …
In California, a Homebuyer Can Snare 30-Year Mortgage at 5.99%
Orange County Register, July 18, 2024–Jeff LazersonWhile the Freddie Mac average 30-year fixed rate landed at 6.77% this week, its lowest level since mid-March, well-qualified buyers in California can get …
When Will Mortgage Rates Drop to 6%? Here’s What Some Experts Predict
CBS Moneywatch, July 19, 2024–Dori ZinnThe month of June may be hot in terms of temperature, but last month also came with a cooling labor market, ultimately resulting in a …
In California, a Homebuyer Can Snare 30-Year Mortgage at 5.99%
Orange County Register, July 18, 2024–Jeff LazersonWhile the Freddie Mac average 30-year fixed rate landed at 6.77% this week, its lowest level since mid-March, well-qualified buyers in California can get …
Remodeling Rebound Forecast for 2025
The Wall Street Journal, July 18, 2024-Ryan DezemberA widely cited gauge of home renovation and repair spending predicts an upswing early next year, after dipping in 2024.Click here for more …
Mortgage Applications to Purchase New Homes Fall 16% in June
HousingWire, July 18, 2024-Flávia Furlan NunesMortgage applications to purchase new homes fell 16% month over month in June but rose 0.7% year over year, according to a report released Thursday …