Wall Street Journal, March 18, 2024–Katherine ClarkeAsk a broker in Miami and they’ll say New York is dead. Ask a residential tower developer in New York, they’ll say that is …
Category: Top National News
MBA: Applications for New Home Purchases Increased in February
MortgageOrb, March 19, 2024–Valerie SwiantekApplications for mortgages for new home purchases increased 1% in February compared with January and were up 15.7% compared with February 2023, according to the Mortgage …
Mortgage Rates to Stay Over 6% for Next Two Years, Fannie Mae Says
National Mortgage News, March 19, 2024–Brad FinkelsteinIn a sign of how expectations can shift suddenly in the mortgage industry, Fannie Mae increased its rate expectations for this year by 0.5 …
CFPB Shifts Onus of Apartment Fraud Onto Owners
Multi-Housing News, March 18, 2024–Lew SichelmanThe Consumer Financial Protection Bureau has fired a shot across the bow of the credit bureaus that landlords use to vet applicants, warning to landlords …
The Fed Won’t Fix the Housing Market: Morning Brief
Yahoo Finance, March 19, 2024–Myles UdlandThe US housing market has a simple problem: affordability. But Jerome Powell and his colleagues at the Federal Reserve don’t see this tension in the …
Executive Talks Commercial Market Flux
Mortgage Professional America, March 19, 2024–Fergal McAlindenA prolonged shift in the commercial space is likely to see continued repricing across a variety of asset classes, cap rate expansion and fresh …
Once America’s Hottest Housing Market, Austin Is Running in Reverse
The Wall Street Journal, March 18, 2024-Will ParkerThe Sunbelt city that came to symbolize the pandemic housing boom is now leading a national property cool-down.Click here for more (subscription)
Mortgage Debt Inched Up at the End of Last Year
Globe St., March 18, 2024-Erik ShermanThe total amount of mortgage debt between commercial and multifamily properties was $130 billion at the end of 2023, a 2.8% increase over Q4 2022, …
More Americans Tried for Mortgage Loans in February, NY Fed Report Finds
Reuters, March 18, 2024-Michael S. DerbyAmericans applied for mortgage credit in greater numbers over recent months even as they faced greater headwinds in getting those loans, new data from the …
Why Some Texas Cities Are Getting Rid of Their Minimum Parking Rule
The Texas Tribune, March 18, 2024-Joshua FechterIn car-dependent Texas, most cities have rules on how many parking spots must be built anywhere people live, play or do business. But those …