Washington Post, Oct. 20, 2023–Catherine RampellLet’s do all the things to fix the housing crisis except the ones that work. That seems to be the mantra of some big blue …
Category: Top National News
What to Do if Your Homebuilder Goes out of Business, Before and After
Miami Herald, Oct. 22, 2023–Lew SichelmanIt’s not an everyday occurrence. But once in a while, a homebuilder abruptly shuts down, leaving customers holding the proverbial bag. At the height of …
Comic: Houses Are Too Expensive. Apartments Are Too Small. Is This a Fix?
The Washington Post, Oct. 20, 2023-Teo Armus and Yifan LuoFor the past several decades, the vast majority of homes built in the United States fit one of two categories: big …
MBA Unveils September New Home Purchase Application Data
MPA, Oct. 20, 2023-Candyd MendozaNew home purchase activity weakened in September as the housing market continued to experience a mix of highs and lows.Click here for more
MBA Sees Steeper Drop in Lending
CREConnect, Oct. 20, 2023–Paul BubnyTotal commercial and multifamily mortgage borrowing and lending is expected to fall to $442 billion this year, a 46% decline from 2022’s $816 billion total. That’s …
California Reinstates ADU Sales Separate From Primary Home
Orange County Register, Oct. 19, 2023–Jeff LazersonCalifornia has reinstated a law that allows homeowners to sell an additional dwelling unit separate from the primary residence.Click here for more.
The Average Long-Term US Mortgage Rate Surges to 7.63%, Holding at Highest Level Since 2000
The Associated Press, October 19, 2023The cost of financing a home surged again this week with the average long-term U.S. mortgage rate at its highest level since December 2000. (MBA …
California Reinstates ADU Sales Separate From Primary Home
Orange County Register, Oct. 19, 2023–Jeff LazersonCalifornia has reinstated a law that allows homeowners to sell an additional dwelling unit separate from the primary residence.Click here for more.
Home Sales Slide to Lowest Pace Since 2010 as High Rates Squeeze Market
The Wall Street Journal, Oct. 19, 2023-Nicole FriedmanHome sales fell in September to the lowest rate in 13 years, showing the corner of the economy most weakened by high interest …
Higher Mortgage Rates Will Complicate Housing Affordability in 2024: Fannie Mae
HousingWire, Oct. 19, 2023-Connie KimSoaring interest rates and a higher-for-longer policy will take its toll on the economy, according to Fannie Mae’s Economic and Strategic Research (ESR) group.Click here for …