HousingWire, March 5, 2024-Sarah MarxAhead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. Click here for more (subscription)
Category: Top National News
Why There’s So Much Confusion Over Housing Inflation
Axios, March 5, 2024-Courtenay Brown, Neil Irwin When January inflation numbers came in hot last month, one big reason was a spike in “owner’s equivalent rent” (OER), the concept the …
New Real Estate Trend: Meet the ‘Forever Renters’
Fox 29 Philadelphia, March 5, 2024-Alicia WarrenAs economic woes continue to pummel the housing industry, one real estate developer is finding opportunities within a new market – the “forever renters.”Click …
Fed’s Bostic: No Urgency to Cut Interest Rates Given US Economy’s Strength
Reuters, March 4, 2024–Howard SchneiderThe U.S. Federal Reserve is under no urgent pressure to cut interest rates given a “prospering” economy and job market, Atlanta Fed President Raphael Bostic said …
FHA, VA Lending Declines in Fourth Quarter
Inside Mortgage Finance, March 5, 2024–Monica HoganCombined, FHA and VA lending declined by 17.7% in the fourth quarter.Click here for more (subscription)
Inflation Worrywarts Are Crashing the Party
Bloomberg Opinions, March 5, 2024–Jonathan LevinA curious thing has happened in the US market discourse: In the absence of major concerns about jobs and growth, commentators have started to worry …
Miami-Dade is Latest County to Go into Debt to Try to Do What its Private Sector Won’t: Build Houses
Fortune magazine, March 5, 2024–Sydney LakeMiami-Dade County Mayor Daniella Levine Cava plans to propose a $2.5 billion property tax-backed debt package, $800 million of which will go directly toward affordable …
Florida’s Housing Market Is in Trouble
Newsweek, March 4, 2024-Giulia CarbonaroSales of condos in Florida have dramatically fallen in recent weeks, even as prices dropped in some of its major metros and the number of “motivated” …
Why It’s Not All Doom and Gloom for Commercial Real Estate
CNN, March 4, 2024-Nicole GoodkindAfter decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall.Click here for more
Multifamily’s Bounce Back Will Be Sharpest in These Markets
Globe St., March 4, 2024-Erik ShermanIt’s not quite “Don’t Worry, Be Happy,” but a new note from CBRE emphasizes that multifamily problems will eventually end. “Markets are never static and …