The New York Times, April 4, 2024-Michael KolomatskyIt’s hard enough buying a first home these days. Who on Earth is out there buying a second one? The wealthy, mostly: In …
Category: Top National News
Interest Rate Drops Will Not Solve CRE Problems
GlobeSt.com, April 04, 2024–David FroshInvestors in commercial real estate and multifamily housing should be less concerned about the Federal Funds rate and more focused on the potential scarcity of capital …
Powell Still Sees Room for the Fed to Cut Rates This Year
Wall Street Journal, April 3, 2024–Nick TimiraosStronger-than-anticipated economic activity this year hasn’t changed the Federal Reserve’s broad expectation that declining inflation will allow for interest-rate cuts this year, Chair Jerome …
Shrinkflation Is So 2022. Now Americans’ Appetites for Big Cars and Houses Is Shrinking.
The Wall Street Journal, April 4, 2024-Spencer JakabShrinkflation wasn’t the word of the year in 2023. That was “authentic,” according to Merriam-Webster, but the term for companies selling a smaller …
Mortgage Applications Decrease 0.6% From Week Prior
National Mortgage Professional, April 3, 2024-Erica DrzewieckiMortgage applications decreased 0.6 % for the week ending March 29 from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) …
A Typical Home Costs $1 Million or More in 550 U.S. Cities
Quartz, April 3, 2024-Rocio FabbroThe U.S. has a record-high number of cities where typical home prices have surged past the $1 million mark.Click here for more
Squatting Map Shows Cities With Highest Number of Homes Taken Over
Newsweek, April 3, 2024-Khaleda RahmanAs the issue of squatting comes under scrutiny following recent reports of clashes between homeowners and people unlawfully occupying their property, a map shows where the …
WeWork to Save $8 Billion in Rent by Restructuring Leases
The Wall Street Journal Pro, April 2, 2024-Akiko MatsudaCo-working space provider WeWork said its lease restructuring effort so far is expected to result in more than $8 billion in future …
You’ll Need More Than $100,000 in Income to Afford a Typical Home, Studies Show
NPR, April 2, 2024-Joe HernandezYou’ve heard that it’s a tough time to buy a house, but exactly how tough is it?Click here for more (subscription)
Rep. Schiff Proposes Bill to Turn Government Buildings Into Affordable Housing
Los Angeles Daily News, April 2, 2024-Clara HarterIt is estimated that the U.S. government owns 45,000 underutilized buildings and Representative Adam Schiff, D-Burbank, wants to see this vast resource repurposed …