National Mortgage News, March 15, 2024-Spencer LeePrices for residential construction headed up for a fourth straight month, with materials running higher compared to last year’s average rate of growth but …
Category: Top National News
U.S. Housing Costs Hit Near-Record Level While Listings Surge
MPA, March 15, 2024-Mika PangilinanThe median monthly housing payment in the US has come close to matching its historic peak, reaching $2,686 for the four weeks ending on March 10.Click …
Closing Costs for Buying a Home Have Risen Along With Rates
The New York Times, March 15, 2024-Ann CarrnsA pricey housing market and higher interest rates have made it harder to afford a house, but related expenses known as closing costs …
Why Are So Many Voters Frustrated by the US Economy? It’s Home Prices
AP News, March 15, 2024–Josh BoakThe United States is slogging through a housing affordability crisis that was decades in the making. At the root of this problem: America failed to …
Mortgage Rates Drop to a Five-Week Low
MarketWatch, March 14, 2024–Aarthi SwaminathanMortgage rates fell to the lowest level in five weeks, bringing some good news for home buyers. (MBA mention)Click here for more
Climbing Yields Hit Real Estate, Utilities Stocks
The Wall Street Journal, March 14, 2024-Karen LangleyTreasury yields are up Thursday. That’s putting a damper on corners of the stock market that are thought of us bond proxies.Click here …
Cities Face Cutbacks as Commercial Real Estate Prices Tumble
The New York Times, March 14, 2024-Alan RappeportIn San Francisco, a 20-story office tower that sold for $146 million a decade ago was listed in December for just $80 million.Click …
Optimism High Among First-Time Homebuyers–Survey
MPA, March 14, 2024-Mika PangilinanIn the face of fluctuating interest rates and concerns about affordability, most first-time homebuyers hold an optimistic view of the housing market in 2024, according to …
Private Equity Wants Your Credit Card Debt. And Car Loan. And Mortgage.
The Wall Street Journal, March 14, 2024-Matt WirzPrivate fund managers such as Apollo, Ares, Blackstone and KKR have grown to dominate corporate finance over the past decade. Now they are …
It’s Hard to Beat That 7% Mortgage Rate. These Charts Show Why.
The Wall Street Journal, March 14, 2023-Ben EisenHome buyers are going to have to settle for a 7% mortgage.Click here for more (subscription)