The Wall Street Journal, Feb. 22, 2024Home prices jumped in January as the market bounced back from the weakest year for existing home sales in almost 30 years. The Journal’s …
Category: Top National News
Condominiums Gaining Ground in U.S. Mortgage Market – Fannie Mae
MPA, Feb. 22, 2024-Mika PangilinanAmid a persistent national housing shortage, Fannie Mae has published a study highlighting the growing significance of condominiums in the US mortgage market, alongside the risks …
Mortgage Rate Predictions Change as Housing Market Stalls
Newsweek, Feb. 22, 2024-Alexander FabinoHomebuyers are bracing for a tougher market as mortgage rates inch higher, experts say, reflecting the Federal Reserve’s cautious stance on interest rate cuts amid fluctuating …
Average Long-Term U.S. Mortgage Rose Again This Week to Highest Level Since Mid-December
Associated Press, Feb. 22, 2024-Alex VeigaThe average long-term U.S. mortgage rate rose this week for the third time in as many weeks, driving up home loan borrowing costs in just …
Disasters Forced 2.5 Million Americans From Their Homes Last Year
The New York Times, Feb. 22, 2024-Aidan GardinerAn estimated 2.5 million people were forced from their homes in the United States by weather-related disasters in 2023, according to new data …
Home Sales Likely Rebounded in January After Last Year’s Sharp Decline
The Wall Street Journal, Feb. 22, 2024-Nicole FriedmanSales of previously owned homes, which make up most of the housing market, will likely show an increase in January, economists said, following …
Office Conversions Run at a Record Pace
Multi-Housing News, Feb. 20, 2024-Lew SichelmanThe office-to-housing conversion trend is rushing toward another record year as developers move to take advantage of the live-where-you-work movement while preventing the possibility of …
Mortgage Applications Slump as Rates Return Above 7%
HousingWire, Feb. 21, 2024-Sarah MarxMortgage demand continued its downward trajectory last week as interest rates moved back above 7%.Click here for more
Mapping the Future
Business Insider, Feb. 21, 2024-Adam RogersDepending on who’s doing the estimating, America is short anywhere from 2 million to 6 million homes. If you’ve tried to buy or rent a …
America’s Housing Affordability Crisis Makes a Comeback
Axios, Feb. 21, 2024-Neil Irwin, Courtenay BrownSpiking mortgage rates and high home prices — a dreadful combination that brought America’s housing market to a standstill in recent years — is …