HousingWire, July 10, 2024–Jeff AndrewsSingle-family rents have risen by a mind-boggling 39.6% since the COVID-19 pandemic began in March 2020. More recently, these increases have been more of a mixed …
Category: Top National News
Fed Chair Powell Sees ‘Broad and Material Changes’ to Basel III Endgame
MarketWatch, July 10, 2024–Steve GelsiJefferies analyst sees Jerome Powell pointing toward a meaningful revamp of bank capital requirements.Click here for more (subscription)
Developers Turn to Apartments to Help Revive Aging Malls, Often Replacing Former Department Stores
Modern Retail, July 11, 2024–Mitchell PartonAs department stores close their doors, many malls have found a hot new anchor tenant to take their place: apartments.Click here for more
Cash-Out Refi Activity Helps Loosen Mortgage Credit
National Mortgage News, July 11, 2024-Brad FinkelsteinMortgage credit continues to loosen as lower interest rates led lenders to add cash-out refinance products to their menus, the Mortgage Bankers Association found. …
Real-Estate Stocks Jump After Inflation Report
The Wall Street Journal, July 11, 2024-Karen LangleyReal-estate stocks are finally having their day in the sun. The worst-performing S&P 500 sector this year took a turn as the index’s …
More Homes for Sale May Signal Shift to Buyers Market
Globe St., July 11, 2024-Kristen SmihbergA buyer-friendly housing market may be on the horizon as the number of houses actively for sale grew again in June while the median home …
How Low Can Mortgage Rates Go With Cooler Inflation?
HousingWire, July 11, 2024-Logan MohtashamiMortgage rates are falling today as the CPI inflation data came in lighter than anticipated.Click here for more (subscription)
Here’s Why Housing Inflation Is Still Stubbornly High
CNBC, July 11, 2024-Greg Iacurci and Ana Teresa SoláHousing inflation has remained stubbornly high even as inflation in the broad U.S. economy has cooled significantly from peak levels during the …
RegFi Podcast: Technological Innovation in the Mortgage Industry
Orrick, Herrington & Sutcliffe LLP RegFi podcast, July 10, 2024–Jerry Buckley and Caroline StapletonMortgage Bankers Association President and CEO Bob Broeksmit, CMB, joined RegFi co-hosts Jerry Buckley and Caroline Stapleton …
Mortgage Refinance Demand Drops Further, Despite Homeowners Sitting on $17 Trillion in Equity
CNBC, July 10, 2024–Diana OlickApplications to refinance a home dropped last week for the fourth straight week, down 2%, the Mortgage Bankers Association reported. Homeowners were sitting on a collective …