Bankrate.com, Sept. 6, 2023–Dina CheneyThere are plenty of predictions about where the housing market is going as we move toward 2024. But what about further out? After all, buying a …
Category: Top National News
Single-Family Rental Firm Taps Former Morgan Stanley Executive as President
Wall Street Journal, Sept. 6, 2023–Peter Grant (subscription)Jonathan Pruzan, Morgan Stanley’s former chief operating officer, is the new president of one of the largest investors and managers of single-family rental …
Rent Control Laws on the National Level? Biden Administration Offers a Not-So-Subtle Push
USA Today, Sept. 5, 2023-Medora LeeAs rents close in on a record high, more Americans, including the federal government, are wondering if it’s time for national rent control that will …
What’s Worse Than Record High Rent? Record High Rent, Plus Fees.
The Wall Street Journal, Sept. 5, 2023-Will Parker (subscription)The cost to rent a home or apartment has soared, and it isn’t just because of super high rents.https://www.wsj.com/real-estate/whats-worse-than-record-high-rent-record-high-rent-plus-fees-4ddbd12f?
Hedge Funds Block Commercial REIT Merger
The Wall Street Journal, Sept. 5, 2023-Matt Wirz (subscription)Real-estate investment trusts Diversified Healthcare Trust and Office Properties Income Trust say they won’t move forward with the merger proposed by their …
Homebuilder Stocks Fall as Pultegroup, Lennar, D.R. Horton Drop
The Wall Street Journal, Sept. 5, 2023-Charley Grant (subscription)One of the market’s hottest sectors is having a sluggish start to back-to-school season.https://www.wsj.com/livecoverage/stock-market-today-dow-jones-09-05-2023/card/homebuilder-stocks-fall-as-pultegroup-lennar-d-r-horton-drop-id6nihGJ8yhdDXbFR4bF?
HUD Allocates $24 Million For Fair Housing Initiatives
Weekly Real Estate News, Sept. 5, 2023–Phil HallHUD is awarding $24 million from its $56 million FY 2023 budget to support 57 fair housing organizations through the Fair Housing Initiatives …
Finally, Government Works
National Mortgage Professional magazine, Sept. 5, 2023–Lew Sichelman (Page 12)Different approaches could boost home ownership.https://nationalmortgageprofessional.com/magazine/nmp-magazine/8-days-every-payday/digital-edition?
Servicing Earnings Jump in Second Quarter
Inside Mortgage Finance, Sept. 5, 2023–John Bancroft (subscription)Income tied to mortgage servicing increased significantly in the second quarter of 2023, according to a new analysis by Inside Mortgage Trends.https://www.insidemortgagefinance.com/articles/228798-servicing-earnings-jump-in-second-quarter?
Short U.S. Housing Correction Likely Over; Tight Supply to Keep Prices High: Reuters Poll
Reuters, August 30, 2023–Prerana BhatA short U.S. housing market correction is now over, according to property analysts polled by Reuters who have wiped out forecasts for a price fall this …