The Mortgage Reports, March 26, 2024–Paul CentopaniHomeowners with mortgages saw a collective annual equity increase of $1.3 trillion in 2023’s fourth quarter, according to CoreLogic. The average borrower now sits …
Category: Top National News
Why Real Estate Websites Are Adding Climate Change Data to Home Listings
Axios, March 24, 2024-Sami SparberReal estate websites are sharing more climate risk information with home buyers and sellers. Click here for more
Windowless Rooms and Town-Gown Battles: How Student Housing Got Expensive
The Wall Street Journal, March 25, 2024-Shane ShifflettClemson University didn’t have enough dorms on campus for its students. Private developers—including the family of the school’s president—are stepping in.Click here for …
Mortgage Rates to Stay Elevated on Inflation Worries, Freddie Says
National Mortgage News, March 25, 2024-Brad FinkelsteinFreddie Mac’s latest economic forecast calls for mortgage rates to remain at 6.5% for the first half of the year as the Federal Reserve …
Maryland Mortgage Balances See Biggest Increase in U.S., Study Finds
WTOP News, March 25, 2024-Dana SukontarakThat 1.23% increase brings Maryland’s average mortgage balance to just over $283,000, according to the study from personal finance company WalletHub.Click here for more
Mortgage Rates to Stay Elevated on Inflation Worries, Freddie Says
National Mortgage News, March 25, 2024–Brad FinkelsteinFreddie Mac’s latest economic forecast calls for mortgage rates to remain at 6.5% for the first half of the year as the Federal Reserve …
Fed’s Barr Says Changes to Capital Rules Likely to Be Significant
Bloomberg.com, March 22, 2024–Craig TorresThe Federal Reserve’s top banking regulator said there will likely be significant changes to a controversial plan to force big lenders to hold more capital — …
California Home Insurance Exodus Pushes State’s Last-Resort Backup Plan Toward Insolvency
San Jose Mercury-News, March 23, 2024–John WoolfolkAs home insurers flee California, the state’s last-resort insurance plan is warning that it’s being pushed toward insolvency, forced to cover a rapidly growing …
Biden Signs a $1.2 Trillion Funding Package, Averting a Partial Government Shutdown
NPR, March 24, 2024–Barbara Sprunt, Deirdre WalshPresident Biden signed a $1.2 trillion funding package that the Senate approved in the early hours Saturday morning to prevent a partial government shutdown. …
Micro-Apartments Are Back After Nearly a Century, as Need for Affordable Housing Soars
Associated Press, March 21, 2024-Hallie Golden and Claire RushEvery part of Barbara Peraza-Garcia and her family’s single-room apartment in Seattle has a double or even triple purpose.Click here for more …