Yahoo! Finance, Sept. 11, 2024-Brad SmithThe US Bureau of Labor Statistics released the Consumer Price Index (CPI) report for August, which highlighted the persistent nature of shelter cost inflation, which …
Category: Top National News
Mortgage Rates Hit Lowest Level Since February 2023
CNBC, Sept. 11 2024–Diana OlickThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29% from 6.43%, the Mortgage Bankers Association reported. …
Sunbelt Manufacturing Boom Lures Property Investors
The Wall Street Journal, Sept. 10, 2024-Will ParkerThe U.S. is experiencing a manufacturing revival. More property investors are eager to capitalize on it.Click here for more (subscription)
Podcast: How Do Americans Feel About Their Finances? It’s Complicated
The Wall Street Journal, Sept. 10, 2024-WSJ’s Your Money Briefing The effects of the pandemic on the U.S. economy has left many consumers with feelings of both optimism and angst …
Real Estate Scams Are on the Rise – Here’s What to Look Out For
Fox Business, Sept. 10, 2024-Daniella GenoveseWhether it’s empty promises of lucrative pay days from flipping houses, fake property postings or deceptive mortgage relief schemes, real estate scams are on the …
‘The Biggest Barrier’: First Time Buyers Struggle With New Challenge to Ownership
MPA, Sept. 10, 2024-Emily DouglasMore and more young people are buying their first homes – but they’re also receiving a fair amount of help in doing so.Click here for more
An Estimated 4M Loans Await Refinancing Once Rates Hit 6%
National Mortgage Professional, Sept. 10, 2024-Katie JensenAs mortgage rates tick down and expectations rise for multiple rate cuts by the end of 2024, lenders and originators have begun preparing for …
How Much Will a $450,000 Mortgage Cost Monthly Once Rates are Cut?
CBS MoneyWatch, Sept. 9, 2024–Matt RichardsonWith the average home price around $427,000 right now, buyers would be well served by rounding up and calculating the costs of a $450,000 mortgage …
Canadians Outspend Other Foreign Real Estate Buyers in the U.S.
MPA Mag (Canada), Sept. 9, 2024-Candyd MendozaDespite a sharp slowdown in foreign real estate activity in the US, Canadians are buying more residential properties than any other international group, a …
Can 3-D Printing Revolutionize Real Estate? Walmart Put That Question to the Test
The Wall Street Journal, Sept. 9, 2024-Kate KingA Walmart Supercenter’s new expansion is one of the largest 3-D printed commercial real-estate projects in U.S. history. Its bumpy road to completion …