Banker & Tradesman, Aug. 20, 2023–Lew SichelmanMultigenerational living is a common practice in many countries, including here in America.https://bankerandtradesman.com/multigenerational-buying-on-the-rise/
Category: Top National News
Freddie Mac Predicts Little Growth In U.S. Economy Until 2024
National Mortgage Professional, Aug. 18, 2023-Keith GriffinFreddie Mac’s “Economic, Housing, and Mortgage Market Outlook” for August 2023 predicts mortgage originations to remain flat through December 2023 (due in part to …
A Looming Insurance Shock Spells Trouble for Housing Markets in Florida and California
Fortune, Aug. 18, 2023-Alena Botros (subscription)Home insurers are pulling out of California and Florida, at what feels like, alarming rates. https://fortune.com/2023/08/18/housing-market-home-insurance-shock-spells-trouble-for-florida-and-california/
As Deadline for New Fannie Mae Rules Approaches, Are Lenders Ready?
National Mortgage News, Aug. 18, 2023-Bonnie SinnockHome lenders that work with Fannie Mae will face new pressure starting in September to have to have their ducks in a row regarding …
Opportunities in ULI’s Real Estate Economic Forecast
YieldPro magazine, Aug. 18, 2023–Bendix AndersonWell-capitalized apartment developers may find opportunities in 2023, 2024 and 2025 to create transformative new communities—despite a U.S. economy weakened by high interest rates.https://yieldpro.com/2023/08/opportunities-in-ulis-real-estate-economic-forecast/
Rates Surge to Highest Point in 22 Years
Bankrate.com, Aug. 17, 2023–Jeff OstrowskiThe last time U.S. mortgage rates were this high, Amazon was still a plucky startup, Enron was a star of the energy sector and Tom Brady …
Lahaina Worries About Real-Estate Speculators After Fire Destruction
The Wall Street Journal, Aug. 17, 2023-Joseph Pisani and Ginger Adams Otis (subscription)Wildfires destroyed Lahaina. Now Hawaii officials are trying to ward off outsiders from scooping up properties on the …
Why Are Mortgage Fees so Much Higher for Mom-and-Pop Investors?
Orange County Register, Aug. 17. 2023–Jeff LazersonMom-and-pop investors who want to borrow money for one to four investment rental units could find themselves paying thousands more in fees for a …
Mortgage Rates Just Hit Their Highest Since 2002
NPR, Aug. 17, 2023–Scott HorsleyMortgage rates jumped to their highest level in more than two decades, making home-ownership even less affordable for many would-be buyers.https://www.npr.org/2023/08/17/1194407822/mortgages-housing-homes-freddy-mac-economy-interest-rates
Government-Backed Purchases Rise as Other Market Metrics Slide
MPA, Aug. 17, 2023-Tony CantuMortgage loan application volume and refinances were both down this week, while the 30-year fixed mortgage rate increased for the third straight week. The one bright …