The New York Times, Oct. 19, 2023-Mihir ZaveriAbout a decade ago, Timon Malloy encountered a problem familiar to families trying to raise two children in New York City: His apartment …
Category: Top National News
Banks Report Continued Pain on Commercial Real Estate Loans
Reuters, Oct. 18, 2023-Matt TracyA number of U.S. banks saw continued pain in the third quarter on delinquent commercial real estate (CRE) loans in their portfolios, as stress in the …
The Average Long-Term U.S. Mortgage Rate Surges to 7.63%, Holding at Highest Level Since 2000
Associated Press, Oct. 19, 2023-Alex VeigaThe 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.Click here …
Study: Sunbelt States Have Higher Household Debt Than Midwest States
Weekly Real Estate News, Oct. 17, 2023–Phil HallSunbelt states that saw rising populations during the pandemic are now grappling with surging household debt while their Midwest neighbors are handling debt …
Distressed CRE Reaches Ten-Year High
GlobeSt.com, Oct. 19, 2023–Erik ShermanDistress has been the buzzy question making the rounds of commercial real estate for more than a year now. When will it really start? When will …
Real-Estate Commissions Could Be the Next Fee on the Chopping Block
The Wall Street Journal, Oct. 18, 2023-Laura Kusisto and Nicole FriedmanIn recent years, technology has made a host of consumer transactions cheaper—from booking a vacation to buying stocks—but commission rates …
The Housing Market Is So Bad That Zillow Is Offering Buyers Free Money
Time, Oct. 18, 2023-Oliver StaleyWith mortgage rates at 21-year highs and the number of homes sold each month hovering near their lowest point in more than a decade, mortgage brokers …
Freddie Mac Introduces ‘DPA One’ to Simplify Downpayment Assistance for Homebuyers
National Mortgage Professional, Oct. 18, 2023–Lew SichelmanNew platform aims to aggregate and streamline access to a wide range of assistance programs, with a focus on making homeownership more attainable for …
Bad News for Commercial Real Estate: Architects Report a Big Drop in Business
CNBC, Oct. 18, 2023-Diana OlickArchitecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could experience even more pain in the next year.Click …
What Keeps Fannie Mae, Freddie Mac Leaders Up at Night
National Mortgage News, Oct. 18, 2023-Bonnie SinnockA top government-sponsored enterprise executive said Monday she doesn’t think Fannie Mae and Freddie Mac get enough credit for reinventing themselves in the wake …