Wall Street Journal, Sept. 12, 2023–Kate KingThe European owner of Westfield malls is pulling back from its aggressive plan to sell nearly all its properties and exit from the U.S. …
Category: Top National News
1 in 8 San Francisco Homeowners Lose Money In Sale
Weekly Real Estate News, Sept. 11, 2023–Phil HallA home seller in San Francisco is four times more likely to take a loss on their transaction compared to the average U.S. …
FHA Lifts Long-Standing Hurdle for ‘Rejected’ Borrowers
Mortgage News Daily, Sept. 11, 2023–Bonnie Sinnock (subscription)The Federal Housing Administration is doing away with a requirement that’s been challenging mortgage borrowers and lenders since 1990 in an apparent response …
Luxury Apartment Glut in South Florida Offers Some Price Relief
Wall Street Journal, Sept. 11, 2023–Deborah Acosta (subscription)Multifamily construction has been soaring across the U.S., particularly in the Sunbelt. It has been especially robust in South Florida. The Miami metropolitan …
California Housing Policy Takes Two Steps Forward and One Back
CalMatters, Sept. 11, 2023–Dan WaltersThe last days of the 2023 session of the California Legislature have produced two major bills to close loopholes that anti-housing interests employ to block projects. …
Mortgage-Rate Buydowns by Homebuilders Are Now All the Rage to Prop Up Sales
Wolf Street, Sept. 10, 2023–Wolf RichterHomebuilders don’t have the luxury of outwaiting the market, or waiting for the Fed to slash rates, or whatever, they must build and sell homes, …
Agency MBS Issuance Begins to Fizzle
Inside Mortgage Finance, Sept. 11, 2023–John Bancroft (subscription)The half-hearted rally in the agency single-family market enjoyed during the second quarter of 2023 appears to be fading as autumn beckons.https://www.insidemortgagefinance.com/articles/228860-agency-mbs-issuance-begins-to-fizzle?
Freddie Mac Looking for New CEO at Critical Juncture
National Mortgage News, Sept. 8, 2023–Brad Finkelstein (subscription)Freddie Mac CEO Michael DeVito will be retiring during the first quarter of 2024, after a nearly three-year tenure during which the government-sponsored …
These Places Pay You to Move There
Banker & Tradesman, Sept. 10, 2023–Lew SichelmanSome places, in need of fresh blood and a greater tax base, will actually pay you to move there, according to Redfin. A report …
Apartment Rents Are on the Verge of Declining Due to Massive New Supply
CNBC, Sept. 8, 2023–Diana OlickApartment rents have been cooling off sharply for several months, and they look like they’re about to go negative compared with a year ago, according to …