Newsweek, Nov. 8, 2023-Omar MohammedHomebuyers could save thousands on their mortgage payments as rates fell more than they have in 18 months, according to the Mortgage Bankers Association (MBA). The …
Category: Top National News
Mortgage Rates Plunge and Demand Finally Inches Back
CNBC, Nov. 8, 2023-Diana OlickMortgage rates saw the biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month.Click here for more
Liquidity Gridlock Worsens in U.S. Commercial Real Estate Sector
Reuters, Nov. 8, 2023-Shankar RamakrishnanPrivate lenders, in pole position as high interest rates leave them as the sole option for many in the commercial real estate market (CRE), are turning …
Opinion: Bank Capital Requirements Would Put Squeeze on Mortgage Market
HousingWire, November 7, 2023–Laurie Goodman and Jim ParrottIn September, the nation’s banking regulators released a proposal to increase the capital required of banks with more than $100 billion in assets. …
Your Next Airbnb Host Could Be a Private-Equity Firm
The Wall Street Journal, Nov. 7, 2023-Craig KarminPrivate-equity giant TPG has started buying single-family homes in Florida vacation markets, where it is renting them out nightly as alternatives to hotels …
Signature Loan Sale Likely to Lower Commercial-Property Values
The Wall Street Journal, Nov. 7, 2023-Peter Grant and Will ParkerThe sale of Signature Bank’s $33 billion in commercial-property loans and other assets is expected to attract bids as much …
Companies Are Buying Stakes in Your Home’s Value—Then Turning Them Into Bonds
The Wall Street Journal, Nov. 6, 2023-Ben EisenA novel way of helping Americans tap into their $32 trillion of home equity is gaining steam in the era of high rates.Click …
MMI Sees Dramatic Spike In Mortgage Help
National Mortgage Professional, Nov. 7, 2023-Keith GriffinNew statistics released by Money Management International (MMI), a nonprofit financial counseling provider, show a 90% increase in the number of clients seeking mortgage …
Property Taxes Have Been Rising. Here’s What It Means for Housing
HousingWire, Nov. 7, 2023-Victor WhitmanIn many communities, homeowners and homebuyers have been hit with eye-popping property tax increases. It is costing more for schools and governments to pay for services. …
This Is the Least Affordable Housing Market Since 1984. It’s Getting Worse
CNN, Nov. 7, 2023-Matt EganThe last time America’s housing market was this unaffordable, Ronald Reagan was in the White House.Click here for more