The New York Times, Jan. 10, 2024The Federal Reserve is poised to cut rates in 2024 while moving away from balance sheet shrinking. Yet a key event looms in the …
Category: Top National News
Thousands of U.S. Homes Have Flooded Over and Over Again. Here’s Where.
The Washington Post, Jan. 9, 2024-Brady Dennis and Harry StevensThe number of U.S. properties that have flooded numerous times continues to rise, according to newly released federal data, in the …
Boston Is Using Public Buildings–Like Libraries–to Build Affordable Housing. It’s Still Pricey
WBUR, Jan. 9, 2024-Simón RiosUnder pressure to create more affordable housing, the city of Boston plans to build on top of properties it already owns, like libraries. But the cost …
New Data-Center Property Investment Signals AI Boom
The Wall Street Journal, Jan. 9, 2024-Peter GrantOne of the world’s largest data-center developers is getting a $6.4 billion equity infusion, the latest sign that this property sector is booming …
Ginnie Issuance Volume Declines in Fourth Quarter
Inside Mortgage Finance, Jan. 9, 2024–Brandon IveyGinnie Mae issued $89.71 billion of single-family mortgage-backed securities in the fourth quarter, down 16.7% from the previous three-month period, according to a new …
Nation’s Largest Single-Family Home Landlord to Pay $3.7 Million in California Rent-Gouging Case
Los Angeles Times, Jan. 8, 2024–Liam DillonThe nation’s largest landlord of single-family home rentals, Invitation Homes, will pay $3.7 million in civil penalties and restitution to resolve allegations it violated …
Buying Home and Auto Insurance Is Becoming Impossible
The Wall Street Journal, Jan. 8, 2024-Jean EagleshamAfter Allstate suffered billions of dollars in losses and failed to get the rate increases it wanted, it resorted to the nuclear option.Click …
Mortgage Rate Decline Pulls Buyers Back into the Housing Market
CNBC, Jan. 8, 2024-Diana OlickA sharp drop in mortgage interest rates in December may have kickstarted this year’s spring housing market early. Rates are about a full percentage point lower …
Researchers Say Minneapolis Should Be Blueprint for Housing Policies in Other Cities
Axios Twin Cities, Jan. 8, 2024-Nick HalterMinneapolis’ housing policies should be a blueprint for other cities as they try to tame rising rents, according to Pew Charitable Trusts researchers.Click here …
Can ‘House Hacking’ Help Gen Z Afford Homeownership?
National Mortgage News, Jan. 8, 2024-Bonnie SinnockFacebook Twitter LinkedIn Email More than half of buyers in younger generations are interested in seeing if they can use “house hacking” — or …