The New York Times, May 15, 2024-The DailyAcross the United States, more frequent extreme weather is starting to cause the home insurance market to buckle, even for those who have …
Category: Top National News
U.S. Mortgage Applications Climb on Lower Rates
MPA, May 15, 2024-Candyd MendozaMortgage application volumes ticked higher last week as mortgage rates continued to edge down, driven by an uptick in refinancing activity, according to data from the …
Most U.S. Homes Are Overvalued
Globe St., May 15, 2024-Philippa MaisterHome prices across the nation are overvalued, in many cases by more than 10%, according to a new report on RMBS by Fitch Ratings. Indeed, …
Inside the Rent Inflation Measure That Economics Nerds Love to Hate
New York Times, May 15, 2024-Jeanna SmialekThere’s a three-letter abbreviation that economists have started pronouncing with the energy of a four-letter word: “O.E.R.”Click here for more (subscription)
Housing Costs Still Push Inflation Higher but Rise at Slowest Annual Rate in Two Years
Yahoo! Finance, May 15, 2024-Dani RomeroHousing costs remained elevated in April, serving as the largest contributor to core inflation’s rise last month, but there remain signs that prices are starting …
NYCB Selling Flagstar’s Warehouse Loans to Chase
Inside Mortgage Finance, May 15, 2024–Paul MuoloFlagstar Bancorp, whose parent bank recently underwent a liquidity crisis, last night announced it agreed to sell roughly $5 billion in outstanding warehouse loans …
A 20% Home Down Payment Isn’t ‘the Law of the Land,’ Analyst Says. Here’s How Much People Are Paying
CNBC, May 14, 2024-Ana Teresa SoláConsumers are putting down more money to buy a home — but the typical down payment is still much less than you might expect.Click here …
Housing Market Map Shows States With Fastest Growing Demand
Newsweek, May 14, 2024-Joe Edwards Midwest and southern states saw some of the fastest growing demand for housing so far in 2024, research shows.Click here for more
Housing Prices in Florida, Texas Will Become ‘More Affordable’: Redfin CEO
Fox Business, May 14, 2024-Alicia WarrenThe Federal Reserve’s handling of rate cuts will play a vital role in the housing market’s affordability this year, but one expert says certain states …
Big-Name Funds Pile Into Real Estate Debt as Banks Retreat
Reuters, May 14, 2024-Iain WithersSome of the world’s largest investors are making deeper inroads into lending to commercial property, as they snap up market share from retreating banks and bet …