Weekly Real Estate News, Nov 10, 2023–Phil HallHousing affordability in California slumped to its lowest level since 2007, according to data from the California Association of Realtors.Click here for more.
Category: Top National News
Opinion: Bloomberg Article is Wrong on VA Loan Forbearance
National Mortgage News, November 10, 2023–Christopher WhalenMany mortgage firms around the U.S. spend a great deal of time and money focusing on the needs of veterans at this time of …
MBA Critiques FHLB System Review, Seeks Expanded Membership
MPA, Nov. 9, 2023-Candyd MendozaThe Federal Housing Finance Agency (FHFA) has unveiled its strategy to adapt the Federal Home Loan Bank (FHLB) system’s role in supporting mortgage lending and community …
Annual Commercial Mortgage Originations Down Nearly 50%
MPA, Nov. 9, 2023-Candyd MendozaCommercial and multifamily mortgage loan originations took a hit in the third quarter of 2023, according to the Mortgage Bankers Association’s (MBA) latest survey findings.Click here …
Bypassing Mortgage Rates: Share of U.S. Homes Bought With Cash Hits Highest Level in Nearly a Decade
The Associated Press, Nov. 9, 2023-Alex VeigaHomebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash.Click here for more
Mortgage Rates Drop by Most in Nearly a Year
The Wall Street Journal, Nov. 9, 2023-Gina HeebMortgage rates dropped by about a quarter percentage point, the largest weekly decline since late 2022.Click here for more (subscription)
America’s Most Expensive ZIP Codes
The New York Times, Nov. 9, 2023-Michael Kolomatsky If California’s home prices had physical weight, they’d tip the state into the Pacific Ocean. Among the 100 most expensive ZIP codes …
Why Home Prices Won’t Crash in the Next Recession
HousingWire, November 8, 2023–Logan MohtashamiIs the U.S. headed for another housing bubble crash? With home prices at all-time highs and concern that the labor market will break going into a …
Homes in the Midwest Need to Be Ready for More Days of Scorching Heat
NPR, Nov. 8, 2023-Holly EdgellClimate change means Americans will likely experience more days of hazardous heat, and most of the country’s housing isn’t built in a way to counter extreme …
Voters to Decide Whether to Raise Chicago Tax on Sales of Million-Dollar Homes to Fight Homelessness
CBS News Chicago, Nov. 7, 2023Chicago voters will decide next March whether to give the City Council authority to increase the tax on sales of million-dollar properties in order to …