Money, April 5, 2024-Brenden RearickFirst-time homebuyers are becoming one of the largest segments of the real estate market, making up half of all buyers in 2023. While this demographic continues …
Category: Top National News
Housing Market 2024: 5 States With the Highest Foreclosure Rates
Yahoo! Finance, April 5, 2024-Gabrielle OlyaForeclosure rates are on the rise. As of February, there were nearly 33,000 properties in foreclosure, an 8% increase from the year prior, according to …
Office Vacancies Set New All-Time High, Blowing Past Recession-Era Rates
Fortune, April 4, 2024-Alena BotrosThe poster child of commercial real estate’s downfall is making headlines again, for the worse.Click here for more (subscription)
Monthly HELOC Originations Stabilize
Home Equity Lending News, April 1, 2024Monthly open-end real estate lending appears to be finding its footing after recently hitting a new low. The lackluster activity contrasts the vibrant market …
Mortgage Lender Jobs Fall as Rate Relief Hopes Fade
National Mortgage News, April 5, 2024—-Bonnie SinnockMortgage broker jobs have risen slightly but origination hiring overall has remained under duress amid broader U.S. employment strength that has further diminished hopes …
Average Long-Term US Mortgage Rate Rises Modestly
The Associated Press, April 5, 2024The average long-term U.S. mortgage rate rose modestly this week, holding below 7 percent as it has for much of this year.Click here for more
U.S. Housing Market Takes Step In Buyer-Friendly Direction
The Wall Street Journal, April 4, 2024Home buyers in the U.S. are looking at an optimistic mix of increasing inventory and an uptick in price reductions going into the spring …
Political Leaders Are Finally Responding to the Housing Crisis. They Need to Move Faster.
Politico, April 4, 2024-Victoria GuidaWhen U.S. governors gathered in Washington this February, Montana Gov. Greg Gianforte — a former Republican representative best known in the nation’s capital for body slamming …
Fed’s Goolsbee Says Housing Price Pressures Pose Biggest Inflation Risk
Reuters, April 4, 2024The largest impediment to the U.S. central bank’s efforts to return inflation to its 2% target rate is the persistence of outsized price increases in the housing …
Mortgage Rates Unlikely to Fall in Near-Term, Freddie Says
National Mortgage News, April 4, 2024-Brad FinkelsteinMortgage rates were little changed this week, even though the benchmark 10-year Treasury rose to its highest level since November, according to Freddie Mac.Click …