Barron’s, Dec. 8, 2023–Casey FarmerIn 2023, someone making the median U.S. income—$78,642—would’ve had to spend 41.4% of their earnings on monthly housing costs if they had bought a $408,806 house, …
Category: Top National News
The Steepest Mortgage Rate Plunge Since 2008 is Boosting Homebuilder Stocks to Fresh Highs
Business Insider, December 7, 2023–Jennifer SorHomebuilder stocks notched fresh highs as mortgage rates saw their biggest plunge in 15 years.Click here for more.
Mortgage Rates Drop to Lowest Levels Since August
CNN, Dec. 8, 2023–Anna BahneyMortgage rates continued to fall this week, averaging just over 7%. It is the sixth straight week rates have dropped, undoing seven previous consecutive weeks of …
Freddie Mac Enhances Condo Loan Originations With ‘Project Certified’ Designation
National Mortgage Professional, Dec. 7, 2023-Christine StuartFreddie Mac unveiled a series of updates to its Condo Project Advisor tool Wednesday, aimed at simplifying condo loan originations and enhancing lender security …
Home Prices Are Falling. Does It Matter?
The New York Times, Dec. 7, 2023-Michael KolomatskySince peaking at $479,500 during the fourth quarter of 2022, the median sale price of a home in the United States has sagged, …
Apartment REITs See Silver Lining as High Mortgage Rates Force Tenants to Stay Put
Reuters, Dec. 7, 2023-Anata AgarwalReal estate investment trusts (REITs) that own and manage apartments are expected to see a bump in their revenue from a rise in renewed leases and …
Mortgage Rates Fall to Just Above 7%
The Wall Street Journal, Dec. 7, 2023-Gina HeebMortgage rates fell to just above 7% for the first time in around four months.Click here for more (subscription)
Freddie Streamlines Originations of Condo Loans
Inside Mortgage Finance, Dc. 7, 03–Dennis HollierFreddie Mac on Wednesday announced improvements to its Condo Project Advisor that the government-sponsored enterprise says will allow lenders to determine within minutes whether …
Study: Mobile Home Values Increased More Than Site-Built Single-Family Homes
Weekly Real Estate News, Dec. 6, 2023–Phil HallWhile mobile homes are traditionally less expensive than site-built single-family housing, new data from LendingTree has determined the prices of mobile housing has …