HousingWire, Aug. 21, 2024-Jeff AndrewsClimate change has supercharged wildfires in high-risk areas across the country, and the impacts on housing could be catastrophic.Click here for more (subscription)
Category: Top National News
Could That Garage Be Apartments? New York Hunts for Places to Build
The New York Times, Aug. 21, 2024-Mihir ZaveriNew York City is turning to its own properties — including libraries, parking lots and garages — in a desperate search for space …
Call It ‘Tech-lanta.’ The City’s Thriving Industry Is Boosting Real Estate, Too.
Mansion Global, Aug. 21, 2014-Zoe RosenbergAtlanta is winning investment from top tech companies because it’s where the talent is and wants to stay, wooed by the top-notch universities, low cost …
U.S. Home-Purchase Applications Slide to Lowest Since February
Bloomberg News, Aug. 21, 2024-Vince GolleA measure of US mortgage applications for home purchases slid last week to the lowest level since February, indicating elevated housing prices are impeding a …
Mortgage Originations Are Finally a Moneymaker Again
National Mortgage News, Aug. 20, 2024-Brad FinkelsteinFor the first time in two years, independent mortgage bankers made money on their production as per-loan costs were significantly lower, the Mortgage Bankers …
Hotel Suite or Dorm Room? Unpacking the College Campus Housing Crunch
USA Today, Aug. 20, 2024-Zachary SchermeleTwo weeks ago, Anne Williams was angrily poring over an email from the University of Louisiana at Lafayette that said her son would have to …
Fractional Ownership of Vacation Homes Takes Off With High Net Worth Individuals From Hollywood to Sports
The Hollywood Reporter, Aug. 20, 2024-Ingrid SchmidtAt the upper echelon of the real estate market, high interest rates and taxes are driving a trend of fractional ownership of second, third …
Real Estate Brokerages See Slight Rise In Profitability In First Half Of 2024
National Mortgage News, Aug. 20, 2024-Erica DrzewieckiMore real estate brokerages were profitable in the first six months of 2024 than the year prior, according to a newly released study by …
Wells Fargo to Sell Bulk of Commercial Mortgage-Servicing Business to Trimont
The Wall Street Journal, Aug. 20, 2024-Gina HeebWells Fargo will sell the bulk of its commercial mortgage-servicing unit to Trimont for an undisclosed amount, the companies said Tuesday.Click here for …
A Surge for Jumbo Lending in 2Q24
Inside Mortgage Finance, Aug. 19, 2024–James DohnertResidential lenders churned out $57.0 billion of jumbo mortgages in the second quarter, a handsome 58.3% sequential increase, according to a new ranking and …