The New York Times, Sept. 24, 2024-The Daily Over the past year, frustration over the cost of housing in the United States has become a centerpiece of the presidential race, …
Category: Top National News
The Commercial-Property Market Is Coming Back to Life
Bloomberg News, Sept. 24, 2024-Natalie Wong and John GittelsohnBuyers and sellers in U.S. commercial real estate are increasingly convinced that the beleaguered market is reaching a bottom.Click here for more …
Affordability Rising As Income-To-Home-Price Ratio Falls
National Mortgage Professional, Sept. 24, 2024-Erica DrzewieckiThe annual income U.S. homebuyers need to afford the median home declined this August for the first time in four years as falling mortgage …
Mortgage Rates Dip, Giving U.S. Homebuyers Over $200,000 in Additional Spending Power in Some U.S. Cities
CNBC, Sept. 24, 2024-Mike WintersU.S. home buyers are gaining tens of thousands in purchasing power as mortgage rates drop.Click here for more (subscription)
Will Mortgage Rates Drop in October Without a Fed Meeting?
MoneyWatch, September 24, 2024-Christy BieberIf you’re going to buy a home soon, it’s important to know whether mortgage rates could fall in October–even without a Fed meeting scheduled.Click here for …
Attention Kmart Shoppers: The Last Full-Size Kmart in the Mainland United States is Closing
CNN, Sept. 24, 2024–Chris IsidoreKmart, once one of America’s leading discount retailers, is closing its last full-size store in the mainland United States.Click here for more
Assumable Mortgages Give Buyers a Second Chance at Low Rates
Marketplace, Sept. 23, 2024-Amy ScottAssumable mortgages were popular back in the early 1980s when mortgage interest rates shot up as high as 18%. They fell out of favor when rates …
Argentina Scrapped Its Rent Controls. Now the Market Is Thriving.
Wall Street Journal, Sept. 24, 2024-Ryan Dubé and Silvina FrydlewskyFor years, Argentina imposed one of the world’s strictest rent-control laws. It was meant to keep homes such as the stately …
America Needs to ‘Build, Baby, Build’ to Fix the Housing Crisis, Moody’s Says
Fortune, September 23, 2024-Alena BotrosSupply is the crux of housing woes—we’re missing millions of homes. Mortgage rates matter, too, but not nearly enough. A Moody’s economist, Nick Villa, has said …
Why Jerome Powell Says the Fed Alone Can’t Fix the Broken Housing Market
Fast Company, Sept. 23, 2024-Lance LambertSpeaking to reporters last week, following the announcement of the start of the rate-cutting cycle, Fed Chair Jerome Powell stressed that while normalizing inflation and …