The New York Times, Nov. 3, 2023-Shivani VoraSimilar to giant swimming pools, these bodies of water are attractive to prospective home buyers who may prefer them to oceanfront. Click here …
Category: Top National News
Analysis: WeWork’s Troubles Darken Outlook for Embattled Office Market
Reuters, Nov. 3, 2023-Sinead CruiseThe troubles faced by co-working titan WeWork are darkening the outlook for the world’s largest business hubs, where rising office vacancies are already heaping pressure on …
Mortgage Rates Hurt the Housing Market. It’s Been a Different Story for Million-Dollar Homes
The Wall Street Journal, Nov. 3, 2023-E.B. SolomontDeep-pocketed home buyers who are paying cash to avoid rising mortgage rates are propping up the housing market, as high rates keep many …
Property Insurance Challenges and Urgent Reforms in Focus at Congressional Hearing
MPA, Nov. 3, 2023-Candyd MendozaAs the National Flood Insurance Program (NFIP) expiration nears, the Mortgage Bankers Association (MBA) has raised concerns about the availability of affordable private flood insurance and …
Large Servicers Gain Market Share in Third Quarter
Inside Mortgage Finance, Nov. 3, 2023–John BancroftThe biggest servicers got bigger in the third quarter of 2023, and they’re not done growing. The top 50 servicing owners had a combined …
MBA: Purchase Loan Applications at Lowest Level Since 1995
Weekly Real Estate News, Nov. 3, 2023–Phil HallMortgage application activity was down for the third consecutive week, according to new data from the Mortgage Bankers Association (MBA).Click here for more.
Mortgage Rates Dip as Fed Continues ‘Wait and See’ Approach
The MReport, Nov. 3, 2023–Eric C. PeckFreddie Mac reports in its latest Primary Mortgage Market Survey the 30-year fixed-rate mortgage averaged 7.76% as of November 2, 2023, down just three …
The Way You Pay to Buy or Sell a Home Is About to Change
The Wall Street Journal, Nov 1., 2023-Nicole Friedman and Laura KusistoHome buyers and sellers face the prospect of major changes to the amount and the ways they pay their real-estate …
More American Seniors Live Alone
The New York Times, Nov. 2, 2023-Michael KolomatskyWho will be by your side in your golden years? That’s a big question for a growing cohort. By 2050, the global population …
How Real Estate Commissions Work and Why They Might Get Lower
Washington Post, Nov. 2, 2023-Rachel KurziusWhen you sell a house, both your agent and the buyer’s agent get a slice of the pie. But just how big of a slice …