Weekly Real Estate News, Oct. 24, 2023–Phil HallA down payment on a home across the nation’s 50 largest metros averages $84,499, according to a new study from LendingTree. This sum …
Category: Top National News
Affordability Crisis: The Complex Challenge of Housing in the US
Commercial Observer, Oct. 26, 2023–Michael LucarelliThe growing delay in Americans’ transition to homeownership has pushed the average age of first-time homebuyers to 36 yearsClick here for more.
Who is Mike Johnson? Five Things to Know About the New Republican House Speaker
NBC News, Oct. 26, 2023–Sahil Kapur, Ali Vitali, Rebecca Kaplan and Kyle StewartThe little-known Louisianan, who won on the first ballot, rallied objections to 2020 election certification, won Trump’s hedged …
Affordability Crisis: The Complex Challenge of Housing in the US
Commercial Observer, Oct. 26, 2023–Michael LucarelliThe growing delay in Americans’ transition to homeownership has pushed the average age of first-time homebuyers to 36 yearsClick here for more.
Amid Speakership Drama, Rep. Barr Hints at Fed Divisions on Basel
National Mortgage News, Oct. 25, 2023-Claire WilliamsAs the House continues its long, contentious contest over who will serve as its next speaker, one senior member of the House Financial Services …
New Home Sales Top Wall Street’s Estimate
The Wall Street Journal, Oct. 25, 2023-Ryan DezemberAmericans are buying more new single-family houses than they have since before the Fed began raising interest rates to cool down the overheated …
Banks Are Making Fewer Consumer Loans. That’s Bad News for Credit Bureaus
The Wall Street Journal, Oct. 25, 2023-Telis DemosWhen banks lend less, borrowers feel it. So do the companies that help banks make loans.Click here for more (subscription)
Topeka, Kan., Topped WSJ/Realtor.com Housing Index in Third Quarter
The Wall Street Journal, Oct. 25, 2023-Nicole FriedmanTopeka, Kan., led The Wall Street Journal/Realtor.com Emerging Housing Markets Index in the third quarter, representing the kind of metro area currently weathering …
Mortgage Application Activity Falls for Fourth Time in Five Weeks
National Mortgage News, Oct. 25, 2023-Spencer LeeMortgage application volumes overall dropped for the fourth time in five weeks amid the ongoing surge in rates, but refinance activity picked up, according …
Adjustable-Rate Mortgage Demand Hits Highest Level in Nearly a Year as Interest Rates Continue to Climb
CNBC, Oct. 25, 2023-Diana OlickMortgage demand has essentially stalled at the slowest pace since 1995 as mortgage interest rates continue to rise.Click here for more