Home Equity Lending News, Aug. 2, 2024Quarterly originations of home-equity lines of credit turned higher — reversing three consecutive quarterly declines. First-half HELOC production has surpassed a half-million units.Click here …
Category: Top National News
Wisconsin Voters Seethe Over Out-of-Control Housing Prices
Wall Street Journal, Aug. 2, 2024–Rachel Wolfe & Andrew RestucciaNot even Midwestern manners can disguise Wisconsinites’ anger over how high housing prices have climbed. With median sale prices up 8% …
Mortgage Rates are Falling as the Labor Market Falters
HousingWire, Aug. 2, 2024–Brooklee HanJob creation continued to slow in July as unemployment spiked, which economists say is good news for the Federal Reserve and the housing industry. Mortgage rates …
August Mortgage Rates Could Continue Long Decline
NerdWallet, Aug. 2, 2024–Holden LewisMortgage rates are likely to keep falling in August because inflation is slowing down. The pleasing news is that mortgage rates have been trending downward since …
Is Your House For Sale and Languishing on the Market? This Might be What’s Wrong
Miami Herald, Aug. 2, 2024–Lew SichelmanThirty days isn’t a long period of time. But when a house sits on the market for that long without so much as a nibble, …
Warehouse Developer Panattoni Plans Data-Center Push, Sparked by AI Boom
The Wall Street Journal, Aug. 1, 2024-Liz YoungOne of the largest industrial real-estate developers in the U.S. plans to begin developing data centers as an artificial-intelligence boom drives demand for …
U.S. 30-Year Mortgage Slides to Lowest Since February, Freddie Mac Says
Reuters, Aug. 1, 2024-Makailah GauseThe average rate on the popular U.S. 30-year mortgage rate fell to 6.73% this week, its lowest level since February as the bond market reacted to …
Calif. City Dethroned as Spot With the Fastest Growing Home Prices
SFGate, Aug. 1, 2024-Tessa McLeanThe California city that had the fastest-rising home prices in the nation for the past six months has finally been overtaken.Click here for more
12 U.S. Cities Where Owning a Home Is Cheaper Than Renting
Newsweek, Aug. 1, 2024-Giulia CarbonaroWhile mortgage rates are still hovering around the 7 percent mark and the housing market remains historically unaffordable, there are 12 cities in the country where …
Housing Industry Eyes Fed’s Next Rate Cut Move
MPA, Aug. 1, 2024-Candyd MendozaThe Federal Reserve held interest rates steady on Wednesday but signaled a potential shift towards lower borrowing costs in the coming months.Click here for more