The New York Times, June 21, 2024-Michael KimmelmanThese days, NIMBYs are always fighting affordable housing projects. Communities are increasingly desperate for libraries. One obvious solution is the twofer — building …
Category: Top National News
This Group Wants to Build a New City With Backing From Tech Billionaires. It Faces a Hard Sell.
The Wall Street Journal, June 20, 2024-Patrick CoffeeSilicon Valley tech billionaires are backing a group that wants to build a new kind of suburban utopia featuring affordable housing and sustainable …
If You Can’t Beat High Mortgage Rates, Consider Joining Them
The Wall Street Journal, June 21, 2024-Telis DemosHigh mortgage rates got you down? You could take the other side of the trade, by investing in mortgage bonds.Click here for more …
Federal Regulators Approve Final Rule for AVM Usage
HousingWire, June 20, 2024-Flávia Furlan NunesOn Thursday, two U.S. regulators–the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC)–announced their approval of a final …
Mortgage Rates Drop Again Amid Hopes for Fed Rate Cut
MPA, June 21, 2024-Candyd MendozaMortgage rates are continuing to ease, falling for the third consecutive week to their lowest level in three months, according to Freddie Mac’s latest Primary Mortgage …
Are Housing Permits Showing Recession Risk?
HousingWire, June 20, 2024–Logan MohtashamiOn a recent HousingWire Daily podcast, I explored the question of whether construction labor was finally showing a recession risk. Today’s housing starts data has further …
Mortgage Rates Fall to Their Lowest Level in Almost Three Months
CNN, June 20, 2024–Bryan MenaMortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market.Click here for more
Fannie Mae, Freddie LTV Gap in Nonperforming Loans Shrinks
National Mortgage News, June 20, 2024–Bonnie SinnockA disparity in the average equity levels of each of two government-sponsored enterprises’ nonperforming loan sales decreased last year, according to the latest numbers …
U.S. Labor Market, Housing Data Point to Slowing Economy
Reuters, June 20, 2024-Lucia Mutikani and Lindsay DunsmuirFirst-time applications for U.S. unemployment benefits fell moderately last week, while new housing construction dropped to the lowest level in nearly four years …
Worries Pile Up for the U.S. Housing Market
The Wall Street Journal, June 20, 2024-Hardika SinghFresh data on the U.S. housing sector show activity still constrained by higher interest rates.Click here for more (subscription)