Newsweek, April 16, 2024-Giulia CarbonaroThe recent rise of the average long-term U.S. mortgage rate, which poses a new obstacle to aspiring homeowners hoping to purchase a property during this homebuying …
Category: Top National News
Big Tech Is Downsizing Workspace in Another Blow to Office Real Estate
The Wall Street Journal, April 16, 2024-Konrad PutzierBig technology companies are cutting back on office space across major coastal cities, leaving some exposed landlords with empty buildings and steep losses.Click …
Airbnb Says Home-Sharing Shouldn’t Be Exclusive to Homeowners
Scripps News, April 15, 2024-Taylor O’BierAirbnb wants more renters to be able to share their homes. In a statement posted on the company’s site Friday, it said it is advocating …
California Housing Crisis So Bad Once-Modest Towns Now Surprising ‘Million-Dollar Cities’
Los Angeles Times, April 15, 2024-Terry CastlemanWhen you think of towns with $1-million-plus homes, tony places such as Beverly Hills, San Marino, Newport Beach and Palos Verdes Estates might come …
Luxury Multifamily Rent Growth Weakest in Recent Memory
Globe St., April 15, 2024-Philippa MaisterAnyone searching for a luxury apartment could find this a good time to go hunt. That’s because asking rents have been slashed as a result …
What Will Happen to Mortgage Rates After the Fed’s April Meeting? Expert Predictions Vary
CBS News, April 15, 2024-Jake SafeneDespite numerous Federal Reserve’s interest rate hikes in recent years, inflation has remained stickier than many expected. The most recent inflation data showed prices rising …
Investors Take Record High of Home Purchases
Globe St., April 15, 2024-Erik ShermanGet ready for more scares about investor purchases of homes. According to CoreLogic’s tally, their share in the last quarter of 2023 reached a new …
A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up
The New York Times, April 15, 2024-Emily Badger and Francesca ParisSomething deeply unusual has happened in the American housing market over the last two years, as mortgage rates have risen …
Door Opens to Flip a House for Yourself, Not Profit
Banker And Tradesman, April 14, 2024–Lew SichelmanHigh mortgage rates, soaring house prices and rising construction costs have driven many flippers – investors who purchase run-down houses, fix them up and …
Survey Results a Good Sign for Home Equity Lending
Lending News, April 8, 2024Survey results from first mortgage behemoth Fannie Mae about consumer rate expectations are a good sign for originators of home-equity lending products.Click here for more