The New York Times, June 6, 2024-Joe Rennison and Julie CreswellSince the early days of the pandemic, owners of big buildings in New York and other large cities have been …
Category: Top National News
Real Estate Map Shows US Cities With the Most Million Dollar Homes
Newsweek, June 6, 2024-Marni Rose McFallRising house prices in the U.S. are driving affordability issues, especially for first-time buyers. This surge is fueled by low inventory and high demand, pushing …
Positive News on Inflation Pushes Mortgage Rates Down
National Mortgage News, June 6, 2024-Brad FinkelsteinAfter a brief sojourn back over 7%, mortgage rates fell for the fourth time in the past five weeks, as investors reacted to data …
First-Time Buyers Defy Housing Market Trend
Newsweek, June 6, 2024-Omar MohammedFirst-time homebuyers gravitated toward government home loan programs that offer relatively cheaper paths to purchasing property than what’s available in the larger market, according to the …
Freddie Drives Up GSE Buybacks in First Quarter
Inside Mortgage Finance, June 6, 2024–John BancroftSellers repurchased a combined $704.4 million of defective home loans from the government-sponsored enterprises during the first three months of the year, up slightly …
79% Say it’s a Bad Time to be a Homebuyer
Associated Press, June 5, 2024–Prakash KolliInventory is low. Mortgage interest rates top 7%. House prices keep going up.And the Fannie Mae Home Purchase Sentiment Index shows 79% of consumers think …
Bank of Canada Cuts Interest Rate, Hints There Could be More
CBC, June 6, 2024Citing cooling inflation, the Bank of Canada has cut its key interest rate from five to 4.75 per cent. Bank governor Tiff Macklem also hinted that more …
ECB to Start Cutting Rates Even as Inflation Fight Continues
Reuters, June 6, 2024–Francesco Canepa and Balazs KoranyiThe European Central Bank is all but certain to cut interest rates from record highs on Thursday and acknowledge it has made progress …
Las Vegas, Land of the Single-Family Home, Is Going All-In on Condos
Wall Street Journal, June 5, 2024–Sarah PaynterDevelopers are rushing to build new units, as demand for high-rise living soars among wealthy and out-of-state-buyers.Click here for more (subscription)
Americans Have More Investment Income Than Ever Before
The Wall Street Journal, June 5, 2024-David UbertiLynn Hogan and her husband jokingly call themselves “the turtles” after methodically investing for decades. In the current race against inflation, which has …