National Mortgage News, July 16, 2024-Riley EdenbeckPresident Joe Biden proposed a nationwide cap on rent increases in an ongoing effort to lower housing costs this morning as part of the …
Category: Top National News
These Are America’s 10 Best States for Buying and Selling a Home in 2024, With a Big Caveat at No. 1
CNBC, July 16, 2024-Scott CohnAmerica is embroiled in a housing crisis. The supply of homes is tight. The supply of affordable homes is even tighter, and persistently high mortgage rates …
White House Backs BLM Selling Land for Affordable Housing
E&E News by Politico, July 16, 2024-Scott Streater and Rob HotakainenThe Biden administration is eyeing a 20-acre parcel of Bureau of Land Management land near Las Vegas to kick off …
What Happens to the Housing Market When Mortgage Rates Finally Come Down?
HousingWire, July 15, 2024–Mike SimonsenIf we get lucky and mortgage rates ease from here on out for the rest of the year, then one place we’ll measure a rebound in …
Evictions Surge in Major Cities in the American Sunbelt
The Wall Street Journal, Will Parker, July 15, 2024Tenant evictions look stuck at elevated levels in several corners of the U.S., showing little sign of returning to what was typical …
Colorado Borrowers Sport the Biggest Mortgage “Handcuffs” in the Country
The Denver Post, July 15, 2024-Aldo SvaldiNowhere does a bigger gap exist between the average mortgage rate borrowers are holding and what the market is charging than in Colorado, and …
Biden to Unveil Plan to Cap Rents as GOP Convention Begins
The Washington Post, July 15, 2024-Jeff Stein and Rachel SiegelPresident Biden will unveil a new proposal in Nevada on Tuesday to cap rental costs nationwide, according to three people familiar …
Seasonal Student Housing Pre-Leasing Grows at Normal Pace
Globe St., July 15, 2024-Kristen SmithbergDespite slowing momentum over the past 2 years, U.S. student housing pre-leasing continues to increase at a normal pace for the Fall 2024 term and …
Zombie Seconds Addressed in CFPB Proposed Rule
Home Equity Lending News, July 11, 2024A new servicing rule proposed by the Consumer Financial Protection Bureau addresses dormant second mortgages in which the borrower stopped making the monthly payments …
Mortgage Rates See Immediate Relief After Positive Economic Data
Mortgage Professional America, July 12, 2024–Candyd MendozaMortgage rates fell the week of July 8 following positive economic data that suggests the Federal Reserve may ease up on interest rates later …