USA Today, July 16, 2024–Daniel de ViséHomes are the nation’s piggy bank. And they are worth a collective $32.8 trillion, as of early 2024, according to federal data. That’s up …
Category: Top National News
Biden’s Rent Plan Sparks Backlash
Newsweek, July 15, 2024-Omar MohammedThe Mortgage Bankers Association (MBA) said on Monday that reported plans by President Joe Biden to potentially introduce a cap on rent increases would struggle to …
Homebuilder Confidence Falls for the Third Consecutive Month
HousingWire, July 16, 2024-Brooklee HanHomebuilder confidence fell for the third consecutive month in July as builders navigate a high consumer mortgage rate environment while also contending with elevated rates for …
Biden Proposes 5% Annual Cap on Rent Increases
National Mortgage News, July 16, 2024-Riley EdenbeckPresident Joe Biden proposed a nationwide cap on rent increases in an ongoing effort to lower housing costs this morning as part of the …
These Are America’s 10 Best States for Buying and Selling a Home in 2024, With a Big Caveat at No. 1
CNBC, July 16, 2024-Scott CohnAmerica is embroiled in a housing crisis. The supply of homes is tight. The supply of affordable homes is even tighter, and persistently high mortgage rates …
White House Backs BLM Selling Land for Affordable Housing
E&E News by Politico, July 16, 2024-Scott Streater and Rob HotakainenThe Biden administration is eyeing a 20-acre parcel of Bureau of Land Management land near Las Vegas to kick off …
What Happens to the Housing Market When Mortgage Rates Finally Come Down?
HousingWire, July 15, 2024–Mike SimonsenIf we get lucky and mortgage rates ease from here on out for the rest of the year, then one place we’ll measure a rebound in …
Evictions Surge in Major Cities in the American Sunbelt
The Wall Street Journal, Will Parker, July 15, 2024Tenant evictions look stuck at elevated levels in several corners of the U.S., showing little sign of returning to what was typical …
Colorado Borrowers Sport the Biggest Mortgage “Handcuffs” in the Country
The Denver Post, July 15, 2024-Aldo SvaldiNowhere does a bigger gap exist between the average mortgage rate borrowers are holding and what the market is charging than in Colorado, and …
Biden to Unveil Plan to Cap Rents as GOP Convention Begins
The Washington Post, July 15, 2024-Jeff Stein and Rachel SiegelPresident Biden will unveil a new proposal in Nevada on Tuesday to cap rental costs nationwide, according to three people familiar …