WINK, April 24, 2024-Nicholas KarsenFlorida Gov. Ron DeSantis signed two bills to strengthen Florida against natural events and hurricanes while in Redington Shores.Click here for more (subscription)
Category: Top National News
Mortgage Demand Slumps as Interest Rates Move Higher: MBA
HousingWire, April 24, 2024-Sarah Marx Mortgage demand dipped last week as mortgage rates reached their highest levels since late 2023. Applications decreased by 2.7% on a seasonally adjusted basis during …
Commercial Mortgage Origination Activity Nearly Halved in 2023
MPA, April 24, 2024-Candyd MendozaCommercial real estate (CRE) mortgage originations were down by half in 2023 as property owners paused borrowing. However, multifamily remained a bright spot.Click here for more
Which Party Has the Edge on Housing? Polls Say Neither
National Mortgage News, April 24, 2024-Spencer LeeAs housing affordability appears to be turning into a political priority in a pivotal election year, a recent poll suggests it is an issue …
Commercial Foreclosures Bring Trouble
Commercial Property Executive, April 23, 2024–Lew SichelmanTwo recent reports show an uptick in CRE repossessions. More could be on the way. (MBA mention)Click here for more
Traders Add Bets That Fed Will Skip Interest-Rate Cuts This Year
Bloomberg/Yahoo Finance, April 23, 2024–Edward BolingbrokeTraders in the US interest-rates market have started to put on wagers that the Federal Reserve will refrain from cutting borrowing costs this year.Click here …
Many U.S. Homeowners Couldn’t Afford Their Homes If They Bought Today
WSJ Pro, April 23, 2024Homes keep getting more expensive in the U.S. A survey report by Redfin says 38% of homeowners don’t believe they could afford to buy their own …
HUD Sets New Flood Standard for Homes It Finances
E&E News by Politico, April 23, 2024-Thomas FrankThe Biden administration is imposing sweeping new flood-protection requirements on homes that are built or repaired with federal housing aid, despite industry warnings …
‘Upzoning’ & Affordable Housing: Correlation Does Not Equal Causation
Globe St., April 23, 2024-Erik Sherman“Upzoning” — also known as zoning reform — is getting renewed attention as a way to expand housing construction with market forces putting a damper …
Blackstone’s Beleaguered Real-Estate Fund Stems Exodus
The Wall Street Journal, April 23, 2024-Peter GrantFor signs that the turbulent commercial real-estate market is beginning to stabilize, look at Blackstone’s largest real-estate fund, known as Breit.Click here for …