The Wall Street Journal, April 4, 2024Home buyers in the U.S. are looking at an optimistic mix of increasing inventory and an uptick in price reductions going into the spring …
Category: Top National News
Political Leaders Are Finally Responding to the Housing Crisis. They Need to Move Faster.
Politico, April 4, 2024-Victoria GuidaWhen U.S. governors gathered in Washington this February, Montana Gov. Greg Gianforte — a former Republican representative best known in the nation’s capital for body slamming …
Fed’s Goolsbee Says Housing Price Pressures Pose Biggest Inflation Risk
Reuters, April 4, 2024The largest impediment to the U.S. central bank’s efforts to return inflation to its 2% target rate is the persistence of outsized price increases in the housing …
Mortgage Rates Unlikely to Fall in Near-Term, Freddie Says
National Mortgage News, April 4, 2024-Brad FinkelsteinMortgage rates were little changed this week, even though the benchmark 10-year Treasury rose to its highest level since November, according to Freddie Mac.Click …
The Hottest Luxury Second-Home Markets
The New York Times, April 4, 2024-Michael KolomatskyIt’s hard enough buying a first home these days. Who on Earth is out there buying a second one? The wealthy, mostly: In …
Interest Rate Drops Will Not Solve CRE Problems
GlobeSt.com, April 04, 2024–David FroshInvestors in commercial real estate and multifamily housing should be less concerned about the Federal Funds rate and more focused on the potential scarcity of capital …
Powell Still Sees Room for the Fed to Cut Rates This Year
Wall Street Journal, April 3, 2024–Nick TimiraosStronger-than-anticipated economic activity this year hasn’t changed the Federal Reserve’s broad expectation that declining inflation will allow for interest-rate cuts this year, Chair Jerome …
Shrinkflation Is So 2022. Now Americans’ Appetites for Big Cars and Houses Is Shrinking.
The Wall Street Journal, April 4, 2024-Spencer JakabShrinkflation wasn’t the word of the year in 2023. That was “authentic,” according to Merriam-Webster, but the term for companies selling a smaller …
Mortgage Applications Decrease 0.6% From Week Prior
National Mortgage Professional, April 3, 2024-Erica DrzewieckiMortgage applications decreased 0.6 % for the week ending March 29 from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) …
A Typical Home Costs $1 Million or More in 550 U.S. Cities
Quartz, April 3, 2024-Rocio FabbroThe U.S. has a record-high number of cities where typical home prices have surged past the $1 million mark.Click here for more