The Wall Street Journal, May 2, 2024-E.B. SolomontSellers are locked into low rates. Construction costs are about 40% higher than before Covid, putting a damper on new construction. Buildable land …
Category: Top National News
7-to-7 Is the New 9-to-5: Research Shows That Workers’ Days in the Office Are Fewer but Longer Than Pre-Pandemic
Fortune, May 3, 2024-Orianna Rosa RoyleIf Dolly Parton was mad about the exhausting toll that grinding 9-to-5 took, then she’d probably have some stern words to sing about 7-to-7—the new …
Multifamily Rent Growth Trailing Seasonal Norms
Globe St., May 3, 2024-Erik ShermanRealPage’s rent growth monitoring shows the first quarter of 2024 to be well off the norm. U.S. effective asking rents — rents after concessions and …
Average Long-Term U.S. Mortgage Rate Rises Again, Reaching Highest Level in More Than Five Months
The Associated Press, May 2, 2024-Alex VeigaThe average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for …
Mortgage Rates Increase for Fifth Week in a Row, and Home Buyers ‘Will Likely Not See Relief’ Anytime Soon
MarketWatch, May 2, 2024–Aarthi SwaminathanMortgage rates rose for the fifth week in a row, as the Federal Reserve holds interest rates steady. The 30-year fixed-rate mortgage rose and averaged 7.22% …
Ocwen Regains Profitability Ahead of Rebranding Set for June
National Mortgage News, May 2, 2024–Bonnie SinnockOcwen Financial’s net income got back in the black as it moved toward a rebranding next month, thanks largely to servicing gains and cost …
HUD Issues Fair Housing Act Guidance on AI Use
HousingWire, May 2, 2024-Chris ClowThe U.S. Department of Housing and Urban Development (HUD) on Thursday announced new guidelines that aim to apply the provisions of the Fair Housing Act to …
Real Estate Map Shows Where It’s Cheaper to Rent Than Buy
Newsweek, May 2, 2024-Joe EdwardsThe idea of working hard, saving up and buying a home has always been an integral part of the American dream.Click here for more
What the Fed’s Moves Mean for Mortgages, Credit Cards and More
The New York Times, May 1, 2024-Tara Siegel BernardAmerican households who were hoping interest rates would soon decline will have to wait a bit longer.Click here for more (subscription)
Real Estate, Mortgage Industry React to Fed’s Policy Announcement
MPA, May 2, 2024-Candyd MendozaThe housing industry is abuzz following the Federal Reserve’s policy announcement on Wednesday, with economists offering varied analyses and predictions for the market.Click here for more