Home Equity Lending News, October 23, 2024–Vikram GuptaThere is no stopping the American consumer’s ongoing love affair with credit. Total consumer credit outstanding at the end of Q2 2024 was …
Category: Top National News
Treasury Announces Support to Develop 26,000 Affordable Housing Units
HousingWire, Oct. 23, 2024-Chris ClowThe U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund announced on Wednesday that it has awarded 48 organizations a total of $246.4 million …
The Fight Over the Chrysler Building Escalates
The New York Times, Oct. 23, 2024-Anna KodéThe uncertainty over the Chrysler Building, already in a questionable financial and physical state, grows as legal battles intensify.Click here for more (subscription)
The ‘Irresistible’ Real Estate Bet Gripping Investors
Bloomberg News, Oct. 23, 2024-Gautam Naik and Frances SchwartzkopffThere’s a niche corner of dealmaking that’s quietly making inroads in the battered market for commercial real estate.Click here for more (subscription)
Map Shows States Where Mortgage Rates Are Increasing the Most
Newsweek, Oct. 23, 2024-Joe EdwardsAnew map shows which U.S. states have seen the sharpest increase in mortgage rates this year, driven by a combination of economic factors, including inflation and …
Mortgage Demand Drops to Its Lowest Level Since July, as Interest Rates Return to Summer Highs
CNBC, Oct. 23, 2024-Diana OlickMortgage demand went lower again last week, even though mortgage interest rates didn’t move.Click here for more (subscription)
Retail Space Is Going Fast and Pushing Out Local Shops
The Wall Street Journal, Oct. 21, 2024-Kate KingWhen the lease for Alex Macias’ furniture store in Mesa, Ariz., came up for renewal in 2021, his landlord asked for twice the …
America Is Primed for a Home-Renovation Resurgence
The Wall Street Journal, Oct. 22, 2024-Ryan DezemberMore homeowners are borrowing against the rising value of their properties, suggesting that the worst of the remodeling slump has passed.Click here for …
Pro Take: Americans’ Home Equity Surges to Over $35 Trillion
The Wall Street Journal, Oct. 22, 2024-Bob FernandezAmericans are sitting on more than $35 trillion in home equity after a 75% surge since early 2020 thanks to booming home prices. …
20 States Where Mortgage Rates Have Risen the Most
National Mortgage News, Oct. 22, 2024The top five places in this ranking of states where mortgage rates have increased the most saw an average change in mortgage rates of 3.15% …
