The Wall Street Journal, June 12, 2024-Carol RyanIt looked like an ideal way to bet on the downfall of gung-ho property investors who poured billions of dollars into overpriced buildings …
Category: Top National News
A Brief Drop in Mortgage Rates Caused a Huge Surge in Demand, but It May Be Short-Lived
CNBC, June 12, 2024-Diana OlickMortgage rates dropped for much of last week, causing total mortgage application volume to surge nearly 16% compared with the previous week, according to the Mortgage …
Americans Rush to Refinance Their Homes as Mortgage Rates Change
Newsweek, June 12, 2024-Omar MohammedHomeowners moved to refinance their homes in substantial numbers for the week ending June 7 after a slight decline in borrowing costs, the Mortgage Bankers Association …
Housing Costs Cool, but Remain a Source of Concern
The New York Times, June 12, 2024-Ben CasselmanOverall inflation cooled sharply last month, but one of the most important categories of consumer prices — housing — remained stubborn.Click here for …
Buyers Snap Up Aging and Empty Office Buildings for Deep Discounts
The New York Times, June 12, 2024-Matthew GoldsteinA perfect storm of plunging property values for aging buildings, weak tenant demand coming out of the pandemic and high interest rates for …
Could Housing be the Sleeper Issue of 2024?
Washington Post (podcast), June 10, 2024–Elahe IzadiHousing has become increasingly expensive around the country. And while it’s traditionally seen as a local issue, housing could be a major factor in …
VA Issues Temporary Fix to Allow Buyer-Paid Broker Fees
HousingWire, June 11, 2024–Flavia Furlan NunesThe U.S. Department of Veterans Affairs on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate …
One City’s Downtown Plan: Empty Office Space That Is Too Cheap to Pass Up
The Wall Street Journal, June 11, 2024-Peter GrantU.S. cities aiming to convert half-filled office towers into residential buildings are looking north of the border to Calgary, Alberta, which has one …
Mortgage Rates to Drop ‘Substantially,’ New Report Predicts
Newsweek, June 11, 2024-Omar MohammedInflation cooling down to the Federal Reserve’s target of two percent will spark a decline of borrowing costs, including for mortgages, the World Bank said on …
Homebuyers Take on ‘a Lot More Than a Mortgage Payment,’ Expert Says — ‘Hidden Costs’ Average $18,000 a Year
CNBC, June 11, 2024-Ana Teresa SoláIt’s no secret that buying a home has gotten more expensive in the U.S. But the cost of keeping and maintaining a home has gotten …