National Mortgage News, Aug. 16, 2023-Brad FinkelsteinLed by increased demand for multifamily mortgages, commercial-property-secured lending increased 23% on a quarter-to-quarter basis for the period ended June 30.https://www.nationalmortgagenews.com/news/multifamily-drives-quarterly-rise-in-commercial-lending
Category: Top National News
What 7% Mortgage Rates Mean for Home Buyers
The Wall Street Journal, Aug. 16, 2023-Veronica Dagher (subscription)The math on buying a home grew even more depressing in recent weeks as mortgage rates approached 7%. Further frustrating buyers is …
New Study Examines the Viability of Turning Empty Office Blocks Into Homes
Marketplace.org, Aug. 15, 2023–Henry EppThere is a housing affordability problem in this country. There is also an office vacancy problem in this country, as many people continue to work from …
Homebuilder Sentiment Drops Sharply, as Mortgage Rates Surge Over 7%
CNBC, Aug. 15, 2023-Diana OlickRising mortgage rates are hitting potential homebuyers hard, and that is taking steam out of the homebuilding market.https://www.cnbc.com/2023/08/15/homebuilder-sentiment-drops-mortgage-rates-surge.html
Warren Buffett Just Made a Big Bet on the U.S. Housing Market
Fortune magazine, Aug. 16, 2023–Lance LambertOn Monday, Berkshire Hathaway disclosed to the SEC it invested in three major U.S. homebuilders, D.R. Horton, Lennar and NVR.https://fortune.com/2023/08/15/housing-market-warren-buffett-loads-up-on-homebuilder-stocks-dr-horton-lennar-nvr/
Mid-Atlantic Region’s Median Home Price at $400,000
Weekly Real Estate News, Aug. 15, 2023–Phil HallAccording to data from Bright MLS, the July median home price in the Mid-Atlantic region – defined as Delaware, the District of Columbia, …
Mid-Atlantic Region’s Median Home Price at $400,000
Weekly Real Estate News, Aug. 15, 2023–Phil HallAccording to data from Bright MLS, the July median home price in the Mid-Atlantic region – defined as Delaware, the District of Columbia, …
Warren Buffett Just Made a Big Bet on the U.S. Housing Market
Fortune magazine, Aug. 16, 2023–Lance LambertOn Monday, Berkshire Hathaway disclosed to the SEC it invested in three major U.S. homebuilders, D.R. Horton, Lennar and NVR.https://fortune.com/2023/08/15/housing-market-warren-buffett-loads-up-on-homebuilder-stocks-dr-horton-lennar-nvr/
Housing’s Ticking Time Bomb
Politico Pro, Aug. 16, 2023–Zachary WarmbrodtA new housing market disruption is lurking on Capitol Hill. The looming threat is the Sept. 30 expiration of the National Flood Insurance Program, the …
Cyberattack Hits National Multiple Listing System Provider, Affects Cape Agents
Boston.com, Aug. 15, 2023-Caroline BunnellA cyberattack that hit Multiple Listing Service provider Rapattoni on Aug. 9 still had users scrambling Tuesday.https://www.boston.com/real-estate/real-estate-news/2023/08/15/mls-systems-experience-cyberattack/