Banker & Tradesman, Jan 28, 2024–Lew SichelmanScrap tires have been recycled for years into building products like flooring, infill decking and septic system drain fields. Actually, entire houses can be …
Category: Top National News
Pending Home Sales Up by 8.3%
Weekly Real Estate News, Jan 26, 2024–Phil HallPending home sales in December recorded an 8.3% spike, according to data from the National Association of Realtors (NAR).Click here for more.
Citizens Has Most Home Equity Investment Growth
Home Equity Lending News, January 23, 2024Citizens Bank added $1 billion in assets to its U.S. home-equity investment portfolio last year — more than any other bank. But the robust …
Cooler Inflation Keeps Door Open for Rate Cuts This Year
The Wall Street Journal, Jan. 26, 2024-Harriet Torry and Nick TimiraosThe U.S. economy notched another month of mild inflation in December, keeping the Federal Reserve on track to deliberate when …
Multifamily Capital Activity to Pick Up This Year
GlobeSt, Jan. 26, 2024-Philippa MaisterFinally, some good news for the multifamily sector. Lending and borrowing are expected to go up this year, according to a new analysis from the Mortgage …
Analysts React to Positive Economic Reports
MPA, Jan. 26, 2024-Tony CantuMarket analysts reacted to a pair of reports released Thursday that bode well for the housing industry – giving rise to a scenario featuring lowered mortgage …
Why New Home Sales Soared and Existing Homes Plunged in 2023
Axios, Jan. 26, 2024-Emily PeckAll the juice in the housing market in 2023 was in new home sales — and that’s likely to continue this year.Click here for more
Pending Home Sales Rose 8.3% in December as Mortgage Rates Softened
The Washington Post, Jan. 26, 2024-Aaron GreggPending home sales increased 8.3% in December as home buyers benefited from softer mortgage rates, the National Association of Realtors said Friday, providing yet …
Last Year’s Non-QM Securitizations Have Higher Delinquency Rates
National Mortgage News, January 25, 2024–Brad FinkelsteinLast year’s vintage of non-qualified mortgage-backed securities is resulting in higher delinquencies than those produced in 2022 due to weaker collateral and underwriting attributes, …
How a Bridge Loan Can Help Homebuyers Avoid Dreaded Contingency
Orange County Register, Jan. 25, 2024–Jeff LazersonFew home sellers have the appetite to accept offers from contingent buyers. A bridge loan, though expensive, could be one solution for homebuyers looking …