The Washington Post, Aug. 28, 2023-Rachel SiegelAll across the country, downtowns, office spaces and shopping centers are at risk of becoming ground zero for a new economic hazard: the urban …
Category: Top National News
Here’s How Much Debt the Average American Has in 2023
Money Magazine, Aug. 28, 2023–Mary Ellen CagnassolaAmericans have less personal debt than they did before the pandemic. Research from financial services company Northwestern Mutual found that excluding mortgages, the average …
Wildfire Risk is Growing Everywhere, Even as More Americans Move Into Harm’s Way
NPR, Aug. 28, 2023–Nathan Rott, Annie Ropeik, Molly SamuelThe warming climate is increasing the risk of major wildfires across America. And more people are moving to fire-prone areas without realizing …
New Listings Take a Hit, Possibly Due to Higher Mortgage Rates
HousingWire, August 27, 2023–Logan MohtashamiDid the recent move in higher mortgage rates impact the new listings data more than normal? I hope this isn’t the case, but we had a …
Commercial Real Estate Apocalypse Threatens Economy and Midsize Cities
Washington Post, Aug. 28, 2023–Rachel Siegel (subscription)All across the country, downtowns, office spaces and shopping centers are at risk of becoming ground zero for a new economic hazard: the urban …
Americans Are Bailing on Their Home Insurance
Wall Street Journal, Aug. 28, 2023–Veronica Dagher (subscription)Homeowners are increasingly forgoing home insurance, gambling that the likelihood of a disaster isn’t high enough to justify the cost of a policyhttps://www.wsj.com/personal-finance/americans-are-bailing-on-their-home-insurance-e3395515?
Why Central Bankers Are Unsure Whether They’ve Raised Rates Enough
Wall Street Journal, Aug. 27, 2023–Nick Timiraos (subscription)Central bankers from around the world are finally getting the inflation slowdown they have long been expecting, but worry it won’t last. That …
Rising Insurance Costs Start to Hit Home Sales
The Wall Street Journal, Aug. 25, 2023-Jean Eaglesham (subscription)Cape Coral, Fla., was devastated by Hurricane Ian last year, but real-estate agents still pitch waterfront homes as “Gulf access haven.”https://www.wsj.com/real-estate/rising-insurance-costs-start-to-hit-home-sales-d8787f0f?
This Is Public Housing. Just Don’t Call It That.
New York Times, Aug. 25, 2023-Conor Dougherty (subscription)The Laureate is one of those apartment buildings that developers love to build and anti-gentrification types love to hate.https://www.nytimes.com/2023/08/25/business/affordable-housing-montgomery-county.html
Zillow Home Loans Launches 1% Down Mortgages
National Mortgage Professional, Aug. 25, 2023-Keith GriffinZillow Home Loans announced its 1% Down Payment program to allow eligible home buyers to pay as little as 1% down on their next …