CNN Business, Sept. 19, 2023-Anna BahneyU.S. home building sank in August, dropping 11.3% from July levels, as mortgage rates stayed elevated amid lingering inflation.Click here to read
Category: Top National News
Downside Risk to Home Sales Is Limited Despite 7% Rates: Fannie Mae
HousingWire, Sept. 19, 2023-Connie Kim (subscription)The housing market faces renewed headwinds with mortgage rates settling above 7%. Click here to read
Brokers Gain Share in Conventional-Conforming Market
Inside Mortgage Finance, Sept. 19, 2023–Namrata BhatiaMarket share for mortgage brokers ticked up in the second quarter of 2023, according to a new analysis by Inside Mortgage Finance.Click here for …
Fed Creeps Toward Next Phase in Its Fight Against Inflation
New York Times, Sept. 19, 2023–Jeanna SmialekThe Federal Reserve is unlikely to declare victory this week. But investors will watch for any hint that the end to rate increases is …
Turning The GSEs’ Repurchase Policies Into Opportunity
National Mortgage Professional, Sept. 18, 2023–Jenevieve ImpavidoTime is money, the saying goes. But for mortgage lenders, the pressures of a ticking clock are felt in multiple ways, whether it has …
Investors Keep Putting Money Into Private Credit
The Wall Street Journal, Sept. 18, 2023-Telis Demos (subscription)Big banks are worried that more lending might migrate away from them in the coming years. Investors big and small are taking …
San Francisco Office Market Shows Signs of Life
The Wall Street Journal, Sept. 17, 2023-Peter Grant (subscription)San Francisco’s beleaguered office market, the hardest hit of any in the U.S. since 2020, is beginning to display flickers of life. Click …
House Poor Is Back: ‘The New Normal for the Foreseeable Future’
Fortune, Sept. 18, 2023-Sydney Lake (subscription)While many first-time home buyers struggle to afford a down payment on a house in today’s market, one of the long-term affordability issues centers on …
It’s Cozy and Cheap, but Do You Want to Live in This Social Media Magnet?
New York Times, Sept. 18, 2023-Farah Nayeri (subscription) Social media platforms are awash with videos of microapartments and tiny homes, amassing tens of millions of views. But do clicks translate …
60,000 Home Purchase Agreements In August Were Cancelled
Weekly Real Estate News, Sept. 15, 2023–Phil HallThere is a surplus of second thoughts and cold feet in the housing market: Nearly 60,000 home purchase agreements were canceled in August, …