Wealth Management Real Estate, Dec 13, 2023–David BodamerPublicly traded REITs surged in November and the outlook for interest rates may situate the sector for steady growth.Click here for more.
Category: Top National News
New Legislation Proposes to Take Wall Street Out of the Housing Market
New York Times, Dec. 12, 2023–Ronda KaysenDemocrats in Congress introduced a bill in both houses of Congress to ban hedge funds from buying and owning single-family homes in the United …
Mortgage Refinancing Surges Nearly 20% as Rates Drop to Five-Month Low
MarketWatch, Dec. 13, 2023–Aarthi SwaminathanThe numbers: Demand for mortgages rose this week as mortgage rates fell to the lowest level since July. Rates dropped 10 basis points in the last …
Mortgages March On Modernity
National Mortgage Professional/Mortgage Banker Magazine, Dec. 13, 2023–Ryan KingsleyAs originators’ and consumers’ needs evolve, so too must licensing, industry alliance says. (MBA coverage)Click here for more.
Florida’s Live Local Act Sparks New Wave of Housing
The Wall Street Journal, Dec. 12, 2023-Deborah AcostaLess than six months after Florida enacted legislation to encourage more workforce housing, dozens of developers are rushing ahead with projects that qualify …
The American Store Is Shrinking
The Wall Street Journal, Dec. 12, 2023-Kate KingThe average store size in the U.S. is the smallest it’s been in at least 17 years, reflecting profound changes in the way …
6% Mortgage Rates Are Back (for Select Borrowers)
HousingWire, Dec. 11, 2023-Connie KimAfter hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. Some borrowers are even getting quoted …
A Record Share of U.S. Homes Are Mortgage-Free
Axios, Dec. 12, 2023-Sami SparberThere’s a larger share of homes in America without mortgages now compared to any time since 2005, according to the latest census data.Click here for more
Mortgage Credit Tightens for First Time in Four Months
National Mortgage News, Dec. 12, 2023-Spencer LeeAfter three straight months of increasing home lending credit availability, it tightened in November largely due to companies pulling back on jumbo offerings amid …