The Wall Street Journal, Sept. 8, 2023-Richard Rubin (subscription)WASHINGTON—The Internal Revenue Service this month will begin auditing 75 large partnerships, including hedge funds and real-estate firms, as the tax agency …
Category: Top National News
U.S. Mortgage Rates Ease as Housing Market Awaits Fed September Meeting
MPA, Sept. 8, 2023-Candyd MendozaThe breakneck surge in mortgage rates eased for the second straight week, but rates remained significantly higher than they’ve been in decades, Freddie Mac reported Thursday.https://www.mpamag.com/us/mortgage-industry/market-updates/us-mortgage-rates-ease-as-housing-market-awaits-fed-september-meeting/459067
U.S. Housing Affordability Remains at a Record Low, NAR Says
Bloomberg News, Sept. 8, 2023-Reade Pickert (subscription)U.S. housing affordability remained a record low in July as high mortgage rates and prices kept home ownership out of reach for many Americans.https://www.bloomberg.com/news/articles/2023-09-08/us-housing-affordability-remains-at-a-record-low-nar-says
Sellers See Double-Digit Losses in One U.S. Market
National Mortgage News, Sept. 8, 2023–Bonnie Sinnock (subscription)While the number of investors selling houses at a loss has been on the rise as rates have gone up, the share has …
The Fall in Home Prices May Already Be Over
Wall Street Journal, Sept. 8, 2023–Nicole Friedman (subscription)Home prices aren’t falling anymore. After dipping on a year-over-year basis for five consecutive months—the longest run of declines in 11 years—U.S. home …
The ‘Housing Market Appears to be Stuck,’ As Mortgage Rates Stay Over 7%
Dow Jones Marketwatch, Sept. 7, 2023–Aarthi Swaminathan (subscription)Mixed economic data are keeping rates in the 7% range. Mortgage rates remain over 7% as the U.S. economy continues to show signs …
Tips for Inflation-Bitten Budgets to Conquer Mortgage Payment Struggles
Orange County Register, Sept. 7, 2023–Jeff LazersonMortgage delinquencies are low, but that doesn’t mean some homeowners aren’t struggling to pay bills amid rising costs elsewhere in the family budget.https://www.ocregister.com/2023/09/07/tips-for-inflation-bitten-budgets-to-conquer-mortgage-payment-struggles/
WeWork Looks to Renegotiate Most of Its Leases as It Fights to Survive
The Wall Street Journal, Sept. 6, 2023-Akiko Matsuda and Alexander Saeedy (subscription)WeWork launched a renegotiation of its office leases globally, testing its leverage against landlords that stand to lose if …
Mortgage Rates Slip, but Stay Above 7%
The Wall Street Journal, Sept. 7, 2023-Gina Heeb (subscription)Mortgage rates edged lower but remained above 7%.https://www.wsj.com/livecoverage/stock-market-today-dow-jones-09-07-2023/card/mortgage-rates-slip-Wz3arS0unjBONK2tRUH8
Housing Premiums Rise in Top U.S. Markets, Florida Universities’ Study Reveals
CW34, Sept. 7, 2023-Garrett PhillipsThose hoping for some relief in the housing market will be disappointed with the results of a new study from Florida Atlantic University (FAU) and Florida …