The Wall Street Journal, March 12, 2024-Konrad PutzierBill Gates, Jeff Bezos and former Los Angeles Laker Rick Fox are part of a new wave of investors and entrepreneurs looking to …
Category: Top National News
Goldman Sachs to Resume Bets on U.S. Property, Other Investors Warn of More Pain
Reuters, March 13, 2024-Iain WithersGoldman Sachs Asset Management will resume “actively investing” in U.S. commercial property this year because the market is bottoming out, its real estate head said, while …
Mortgage Application Volumes Increase for Second Straight Week
National Mortgage News, March 13, 2024-Spencer LeeNew home loan applications increased for the second week in a row, with refinances seeing a notable bump upward thanks to a decline in …
Weekly Mortgage Demand Jumps Again as Interest Rates Fall Just Below 7%
CNBC, March 13, 2024-Diana OlickMortgage rates swung slightly lower last week, fueling a significant jump in mortgage demand for the second straight week. Total application volume rose 7.1%, compared with …
$22 Trillion Worth of the Housing Market—or 44% of All Homes in the U.S.—Is at Risk of Severe or Extreme Damage From Environmental Threats
Fortune, March 13, 2024-Alena Botros Climate risk is a $22 trillion problem for the housing market—and it’s only set to keep growing. Almost 44.8% of homes across the country, worth …
Lenders Score Win as IRS Sidelines Plan to Restrict Tax Data
National Mortgage News, March 13, 2024–John ReostiThe IRS says it heard the objections raised by small-business lenders to its plan to block access to loan applicants’ income and other tax-related …
Mortgage Predictions: What Today’s Inflation Report Means for Mortgage Rates
CNET, March 12, 2024–Katherine WattSticky inflation data could push off Fed interest rate cuts and send mortgage interest rates even higher.Click here for more
California Is Home to the Most Expensive Housing Markets in the U.S.: See a Nationwide Breakdown
USA Today, March 12, 2024-Sara ChernikoffCalifornia is one of the largest and most populous states in the U.S. – it’s also one of the most expensive places to live. According …
Housing Inflation Remains Stubbornly High
Barron’s, March 12, 2024-Megan LeonhardtHousing costs, as measured by the Bureau of Labor Statistics’ shelter index, increased 5.7% over the last year, accounting for roughly two-thirds of the total 12-month …
In Hospitals, Affordable Housing Gets the Long-Term Investor It Needs
The New York Times, March 12, 2024-Patrick SissonCe’Yann Irving, a mother of a 1-year-old daughter, pays $990 a month for a two-bedroom apartment on the site of a former dairy …