Reuters, October 1, 2024–Lucia MutikaniU.S. construction spending unexpectedly fell in August amid a sharp drop in outlays on single-family housing projects, but declining borrowing costs could stimulate activity in the …
Category: Top National News
Fed Rate Cut Brings Fresh Optimism to Commercial Real Estate Sector
MPA, Oct. 1, 2024-Candyd MendozaThe commercial real estate finance (CRE) sector is showing signs of renewed confidence, according to the latest survey from the CRE Finance Council (CREFC).Click here for …
20 States With the Most New Construction Approvals
National Mortgage News, Sept. 30, 2024-NMN StaffHigh housing prices and rent costs show the need for new home construction to meet customer demand, but the number of authorizations for new …
Major Homebuilders Slash Prices and Mortgage Rates to Clear Inventory
Builder, Oct. 1, 2024-Steve LadurantayeTwo of the nation’s largest builders are slashing rates and cutting prices to move inventory off their books ahead of the new year. Toll Brothers and …
In a Florida Town Ravaged by Storms, Homeowners All Want to Sell
The Wall Street Journal, Oct. 1, 2024-Deborah AcostaST. PETERSBURG, Fla.—Kellen Driscoll bought his home here in 2019, settling in the coastal enclave of Shore Acres. It flooded for the first …
‘The Civil Rights Issue of our Generation’? A Battle Over Housing Erupts in Massachusetts
USA Today, Oct. 1, 2024–Andrea RiquierIn a leafy suburb in a deep-rooted section of eastern New England, America’s housing fissures are coming to a head.Click here for more
National Housing Affordability Improves Annually For First Time Since 2021
National Mortgage Professional, Sept. 30, 2024-Sarah WolakNational affordability improved in August on an annual basis, marking the first positive year-over-year change since 2021. That’s according to First American’s latest Real …
Mortgage Foreclosure, Forbearance Data Now Available in FHFA’s New Dashboard
MPA, Sept. 30, 2024-Candyd MendozaThe Federal Housing Finance Agency (FHFA) has released updated data from its National Mortgage Database (NMDB®) on residential mortgage performance through the second quarter of 2024, …
Mortgage Refinancing Likely to Quicken End of Fed’s QT
The Wall Street Journal, Sept. 30, 2024Increasing U.S. mortgage refinancing could accelerate the end of the Federal Reserve’s quantitative tightening, Deutsche Bank economists say in a note.Click here for more …
Low-Price Home Affordability Increases as Mortgage Rates Ease: Report
The Hill, Sept. 30, 2024-Tobias Burns Less-expensive starter houses are becoming more affordable as mortgage rates are coming down, a trend that’s being bolstered by a recent boost to household …