CNBC, April 9, 2024-Ana Teresa SoláThere is a record number of areas in the U.S. where the “typical” home is worth $1 million or more.Click here for more
Category: Top National News
So You Think Fixed-Rate Mortgage Payments Won’t Ever Go Up? Think Again
Miami Herald, Apr. 9, 2024–Lew SichelmanIf you have a fixed-rate mortgage, your payments will always stay the same, right? Wrong.Click here for more
How Far Will Mortgage Rates Fall When the Fed Cuts Rates? Here’s What Experts Say
CBS News, April 9, 2024–Jessica WalrackIf Fed rate cuts do happen as many expect, how far can you expect mortgage rates to drop, if at all? We asked some experts …
U.S. Jobs Report Reaction: Not Too Hot, Not Too Cold
MPA, April 8, 2024-Candyd MendozaThe March jobs report delivered a surprise, with total nonfarm payroll employment increasing by 303,000, exceeding consensus forecasts of 200,000 job gains. Click here for more (subscription)
Rural America Is Losing Affordable Housing at a Crisis Pace
HousingWire, April 8,, 2024-Bill ConroyThe lack of affordable housing in the United States is well-documented in the nation’s urban markets, where it is contributing to the swelling ranks of the …
Blackstone Making $10 Billion Multifamily Purchase, Going on the Real Estate Offensive
The Wall Street Journal, April 8, 2024-Craig KarminBlackstone has agreed to acquire an owner of upscale apartment buildings for about $10 billion, signaling that one of the world’s largest real-estate …
Rocket Responds to Claims From UWM CEO Ishbia
National Mortgage Professional, April 8, 2024-Katie JensenAfter a whirlwind of explosive allegations came out last week against United Wholesale Mortgage (UWM), in both a class action lawsuit filed by borrowers …
Movie Theaters Have Weird Real Estate. It’s Saving Them.
The Wall Street Journal, April 8, 2024-Kate KingU.S. movie theaters were hurtling toward obsolescence only a few years ago. Their unorthodox real estate might be their salvation. Click here for more …
Purchase Loan Credit Scores Hit Highest Point in 6 Years
National Mortgage News, April 8, 2024-Bonnie SinnockThe average credit score for financing taken out to purchase homes soared in March, according to Optimal Blue’s latest report on rate-locked loans.Click here …
Construction Hiring Accelerates
The Wall Street Journal, April 5, 2024-Ryan DezemberConstruction employment continues to boom, adding 39,000 jobs last month and 270,000 since March 2023, according to Labor Department data.Click here for more …