The New York Times, April 18, 2024-T.M. BrownWhen baby boomers were buying their first homes in the 1970s and 1980s, it wasn’t unusual to take on a double-digit interest rate …
Category: Top National News
Average Long-Term U.S. Mortgage Rate Climbs Above 7% to Highest Level Since Late November
Associated Press, April 18, 2024-Alex VeigaProspective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest …
FHFA Annual Report Highlights GSE Actions on Affordable Housing
HousingWire, April 18, 2024-Chris ClowThe Federal Housing Finance Agency (FHFA) this week released its annual Housing Mission Report, offering insights into the actions the agency took in 2023 on a …
Commercial Real Estate Foreclosures Jumped 117% in March as Trouble Looms
Fox Business, April 18, 2024-Megan HenneyThe commercial real estate market is starting to buckle under the weight of higher interest rates and remote work.Click here for more
Many Baby Boomers Own Homes That Are Too Big. Can They Be Enticed to Sell Them?
NPR, April 18, 2024-Laurel WamsleyAmong the many hard truths for those trying to enter America’s brutal housing market, here’s one: Baby boomers continue to own many of the country’s large …
MBA Issues Support for Real Estate Finance Bills Debated by Congress
HousingWire, April 17, 2024-Chris ClowThe Mortgage Bankers Association (MBA) announced on Wednesday a series of legislative recommendations, which it sent to the chairman and ranking member of the U.S. House …
Prologis Warns of Slowing Industrial Real-Estate Market
The Wall Street Journal, April 17, 2024-Denny JacobPrologis, the world’s largest industrial property company, logged better-than-expected revenue in the latest quarter but warned of a slowdown in warehousing markets in …
New Home Purchases Propel Mortgage Applications
MPA, April 17, 2024-Candyd MendozaMortgage applications increased 3.3% week over week, driven by a surge in purchase applications, according to data from the Mortgage Bankers Association (MBA).Click here for more
Will a Housing Deal Make New York More Affordable?
The New York Times, April 16, 2024-Mihir ZaveriNew York State officials have set the stage to take action on the state’s housing crisis. On Monday, the governor announced a framework …
Survey: Half of Americans Struggling With Housing Payments
Fox59, April 17, 2024-Zach Myers If you’re feeling stressed about your budget and monthly housing payments, you’re not alone, according to a new survey.Click here for more