CNBC, June 26, 2024-Diana OlickAfter a weaker-than-expected spring housing market, summer looks no better. High home prices continue to rise, mortgage rates aren’t coming off recent highs and consumers are …
Category: Top National News
Flight to Quality Fuels Growing Divide in Office Sector
Globe St., June 26, 2024-Kristen SmithbergWhile much of the office building sector struggles to adapt to high interest rates, inflation and reduced demand due to hybrid work, a top tier …
Are Boomers Too Emotionally Attached to List Their Homes?
National Mortgage News, June 26, 2024–Brad FinkelsteinEmotions have long played a role in consumer perceptions of homeownership, but a study from Opendoor looks to quantify, especially for baby boomers and …
A Down Payment of Just 20% May be a Thing of the Past, Zillow Says
Atlanta Agent magazine, June 24, 2024–Liz HughesThe 20% down payment may now be a thing of the past.A homebuyer who earns the median U.S. household income would need to make …
The Unusual Economics of the Bilt Credit Card
The Journal podcast (Wall Street Journal), June 25, 2024–AnnaMaria AndriotisRent has long been an expense people wanted to pay on credit cards. In 2022, Wells Fargo launched a credit card …
KKR Makes Its Biggest Foray Into Apartments, Betting on Rising Rents
The Wall Street Journal, June 25, 2024-Will ParkerKKR has completed its largest-ever purchase of apartment buildings, the latest in a string of big-ticket deals, signaling that some of the most …
Here’s How Bad Housing Affordability Is Now
CNBC, June 25, 2024-Diana OlickHome prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would …
The Heat Crisis Is a Housing Crisis
The New York Times, June 25, 2024-Manuela AndreoniAir-conditioning was long considered a luxury in much of the world. Not anymore.Click here for more (subscription)
Home Prices Peak Again in April, but Appreciation Decelerates
HousingWire, June 25, 2024-Brooklee HanA month after reaching an all-time high, the S&P CoreLogic Case-Shiller U.S. National Home Price Index did it again in April, according to a release on …
Office Sector in Early Phase of Multi-Decade Reshuffling
Globe St., June 24, 2024-Kristen Smithberg As remote and hybrid work solidifies into a permanent dynamic, the office sector is facing new realities marked by distress that is expected to …