Weekly Real Estate News, Feb. 7, 2024–Phil HallU.S. household debt increased by $212 billion (1.2%) during the fourth quarter of 2023 to reach a total of $17.5 trillion, according to …
Category: Top National News
HousingWire Powerhouse: Bob Broeksmit-Playing to Your Strengths in Business and on Capitol Hill
HousingWire, Feb. 8, 2024–Clayton CollinsHousingWire CEO Clayton Collins interviewed Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association. The conversation charts Broeksmit’s journey through the mortgage world to …
U.S. to Tackle Secrecy in All-Cash Home Purchases
Wall Street Journal, Feb. 7, 2024–Mengqi SunThe Treasury Department proposed a new rule that would require the disclosure of the names of people behind anonymous shell companies and trusts involved …
Rent Comes Down for the Wealthy, While Rising for the Rest
The Wall Street Journal, Feb. 6, 2024-Will ParkerLandlords are slashing rents this year. Most renters won’t save a dime.Click here for more (subscription)
Why Americans Are So Down on a Strong Economy
The Wall Street Journal, Feb. 7, 2024-Aaron Zitner, Amara Omeokwe, Rachel Wolfe and Rachel Lousie Ensign Clayton Wiles, a truck driver in North Carolina, earns about 20% more than three …
DataDigest: Where For-Sale Inventory Went and When It’s Coming Back
HousingWire, Feb. 7, 2024-Will RobinsonIt’s no secret that 2023 was a difficult year to buy a home. With mortgage rates briefly topping 8% and home prices breaking records throughout the …
Homeowners Are Refinancing Mortgages as Rates Stabilize
Newsweek, Feb. 7, 2024-Omar MohammedRefinancing activity rebounded for the week ending February 2 after declining the previous week, as mortgage rates stabilize in the under-7 percent level, contributing to a …
Weekly Mortgage Demand From Homebuyers Is Flattening as Interest Rates Rise
CNBC, Feb. 7, 2024-Diana OlickMortgage demand is struggling to contend with what appears to be another upswing in interest rates. Homebuyers in particular are pulling back.Click here for more
Rent Comes Down for the Wealthy, While Rising for the Rest
Wall Street Journal, Feb. 6, 2024–Will ParkerLandlords are slashing rents this year. Most renters won’t save a dime. At penthouse apartments and sprawling single-family homes, property owners are offering big …
Luxury Retailers Are Buying Out Their Landlords
The Wall Street Journal, Feb. 5, 2024-Kate KingLuxury retailers, flush with cash, are spending big on real estate in the world’s most expensive and exclusive shopping corridors.Click here for more …