MPA, June 4, 2024-Candyd MendozaThe number of homes for sale has continued to improve on the back of softer purchase demand, as inventory hit its highest level since mid-2020, according …
Category: Top National News
Housing Market Gets Worse for Buyers
Newsweek, June 4, 2024-Omar MohammedElevated borrowing costs for home loans is pushing up the monthly outlay buyers have to pay to afford a new home, according to real estate platform …
Ready, Set, Refi?
National Mortgage Professional, June 4, 2024 –Lew SichelmanA likely refinance boom is on the horizon. If rates drop much below, say, 6%, something like $4 trillion worth of mortgages will …
U.S. Housing Market Needs 1.5 Million More Homes, Freddie Mac Finds
Fast Company, June 4, 2024–Lance LambertIn order to address the housing shortage, ‘the U.S. would need to add an additional 1.5 million vacant for-sale and for-rent homes,’ says Freddie Mac.Click …
Developers Sit on Empty Lots After Historic Apartment Boom
Wall Street Journal, June 4, 2024–Will ParkerDuring the biggest apartment construction boom in decades, a growing number of developers can’t make the numbers work to get started on their project, …
Lenders, Especially Banks, Are Starting to Sell a Lot More Loans on Office Buildings
Commercial Observer, June 3, 2024-Mike SeemuthMoney-losing sales of loans secured by offices and other types of struggling commercial real estate are gaining momentum. Banks in particular appear to be offering …
Rising Housing Costs Anchor Renters in Place
MPA, June 3, 2024-Candyd MendozaRenters are less likely to pick up and move than they were a decade ago, as soaring housing costs have priced many out of homeownership.Click here …
Industry Experts Closely Watch ARM Resets Amid Higher Rate Environment
HousingWire, June 3, 2024-Flávia Furlan NunesAfter falling out of favor due to their role in the 2008 housing crash, adjustable-rate mortgages (ARMs) have gained popularity over the past few years.Click …
This Simple Thing Might be the Top Reason Your For-Sale Home Gets Buyers’ Attention
Miami Herald, June 3, 2024–Lew SichelmanTurns out the Five Man Electrical Band was wrong when they sang, “Sign, sign, everywhere a sign” — signs aren’t everywhere. Not “For Sale” signs, …
MBA’s Killmer on Election Stakes for Mortgage Players
National Mortgage News, June 3, 2024–Andrew MartinezWith the November elections set to impact future policies and laws affecting real estate and housing finance professionals, one of the biggest trade groups …