Scotsman Guide, April 2024, Jeff BondAfter a gloomy 2023, the Mortgage Bankers Association (MBA) expects commercial activity to rebound, with overall borrowing and lending to rise from last year’s $444 …
Category: Top National News
Housing Market Malaise Hasn’t Cut Options for Equity-Rich Homeowners
Orange County Register, April 1, 2024–Jeff LazersonThe average homeowner now has $299,000 in equity, $193,000 of which is tappable while still maintaining a 20% equity stake.Click here for more
Why It’s So Expensive to Live in Phoenix
The New York Times, March 29, 2024-Peter S. GoodmanIn the five years since they began their life together in the desert sprawl of greater Phoenix, Devon Lawrence and Eren Mendoza …
The Housing Market Is Thawing as an Increasing Number of ‘Mortgage Lock’ Homes Go Up for Sale, JPMorgan Says
Business Insider, March 29, 2024-Jennifer SorThe housing market looks like it’s starting to thaw, thanks to a growing number of mortgage-locked sellers who are opting to put their homes on …
Young Consumers Increasingly Turn to Family for Home Buying Help
National Mortgage News, March 29, 2024-Spencer LeeYoung aspiring homeowners are increasingly reliant on the bank of mom and dad to help make their purchase, new research finds.Click here for more …
Housing Market May Be Solving One Problem
Newsweek, March 28, 2024-Omar MohammedMortgage rates ticked down as of March 28, according to Freddie Mac, an encouraging sign for prospective homebuyers that a key obstacle to acquiring a house …
Home Improvement Lending Plunges to Decade Low
Home Equity Lending News, March 26, 2024After surging during the pandemic, home improvement financing nose-dived 65 percent last year, leaving it at the lowest level in a decade. And the …
Fortune Favors Early Movers in America’s Property Crunch
The Wall Street Journal, March 28, 2024-Carol RyanMany people dream of buying property when prices crater, but not everyone has a strong enough stomach for the risks. Small, private buyers …
Average Long-Term U.S. Mortgage Rate Falls Slightly, Easing Borrowing Costs for Home Shoppers
The Associated Press, March 28, 2024-Alex VeigaThe average long-term U.S. mortgage rate fell slightly this week, welcome news for home shoppers facing rising prices and a stubbornly low inventory of …
In Florida’s Housing Market, Insurance-Free Homes Become Big Selling Point
Newsweek, March 28, 2024-Giulia CarbonaroA significant number of Florida’s homeowners and agents trying to offload their properties are trying to attract buyers with the promise of not having to pay …