National Mortgage Professional, March 6, 2024–Lew SichelmanMore lenders need to know about the FHA’s 203(k) financing.Click here for more
Category: Top National News
Americans Are Paying Nearly as Much Interest on Credit Cards and Other Debt as They Are on Their Mortgages
Business Insider, March 5, 2024-Yuheng ZhanNew data reveals that Americans are spending nearly as much on interest payments for credit cards and other kinds of consumer debt as they are …
Mortgage Rates Hold Steady Ahead of Jobs Report
HousingWire, March 5, 2024-Sarah MarxAhead of Friday’s national jobs report, mortgage rates have found stability after increasing for multiple weeks. Click here for more (subscription)
Why There’s So Much Confusion Over Housing Inflation
Axios, March 5, 2024-Courtenay Brown, Neil Irwin When January inflation numbers came in hot last month, one big reason was a spike in “owner’s equivalent rent” (OER), the concept the …
New Real Estate Trend: Meet the ‘Forever Renters’
Fox 29 Philadelphia, March 5, 2024-Alicia WarrenAs economic woes continue to pummel the housing industry, one real estate developer is finding opportunities within a new market – the “forever renters.”Click …
Fed’s Bostic: No Urgency to Cut Interest Rates Given US Economy’s Strength
Reuters, March 4, 2024–Howard SchneiderThe U.S. Federal Reserve is under no urgent pressure to cut interest rates given a “prospering” economy and job market, Atlanta Fed President Raphael Bostic said …
FHA, VA Lending Declines in Fourth Quarter
Inside Mortgage Finance, March 5, 2024–Monica HoganCombined, FHA and VA lending declined by 17.7% in the fourth quarter.Click here for more (subscription)
Inflation Worrywarts Are Crashing the Party
Bloomberg Opinions, March 5, 2024–Jonathan LevinA curious thing has happened in the US market discourse: In the absence of major concerns about jobs and growth, commentators have started to worry …
Miami-Dade is Latest County to Go into Debt to Try to Do What its Private Sector Won’t: Build Houses
Fortune magazine, March 5, 2024–Sydney LakeMiami-Dade County Mayor Daniella Levine Cava plans to propose a $2.5 billion property tax-backed debt package, $800 million of which will go directly toward affordable …
Florida’s Housing Market Is in Trouble
Newsweek, March 4, 2024-Giulia CarbonaroSales of condos in Florida have dramatically fallen in recent weeks, even as prices dropped in some of its major metros and the number of “motivated” …