Inside Mortgage Finance, Aug. 11, 2023–John Bancroft (subscription)Private mortgage insurers still accounted for the largest share of the primary mortgage insurance market during the second quarter, but the FHA gained …
Category: Top National News
Maui’s Fires Risk Pushing Up Housing Costs in Strained Market
Bloomberg, Aug. 11, 2023-Prashant Gopal, Jennifer Epstein, and Max ReyesDevastating wildfires that swept through parts of Maui have destroyed homes on a Hawaiian island where residents were already squeezed by …
One More Reason Homeowners May Stay Put: A Big Rise in Home Equity
Barron’s, Aug. 10, 2023-Shaina MishkinThis year’s housing market has been difficult for prospective buyers—but prosperous for homeowners. Home price gains have resulted in near-record levels of home equity available for …
Mortgage Rates Rise Again, but Look Poised to Drop in the Fall
HousingWire, Aug. 10, 2023-Sarah Marx (subscription)The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac.https://www.housingwire.com/articles/mortgage-rates-rise-again-but-look-poised-to-drop-in-the-fall/
San Antonio the U.S. Metro Most at Risk for Housing Shortage, Report Says
San Antonio Current, Aug. 11, 2023-Michael KarlisThe San Antonio area’s hot job market is making it the U.S. metro most at risk for a long-term housing shortage, according to a …
Foreclosure Numbers Fall in July as Starts Decrease
National Mortgage News, Aug. 10, 2023–Spencer Lee (subscription)Foreclosure starts dropped for the first time in three months, although repossessions ticked up, as rising property values may be easing some difficulties …
Southern California’s Hot Warehousing Market Is Cooling Off
The Wall Street Journal, Aug. 10, 2023-Liz Young (subscription)Logistics companies are finding something in Southern California they hadn’t seen in several years—empty warehouse space.https://www.wsj.com/articles/southern-californias-hot-warehousing-market-is-cooling-off-9309132e
U.S. Mortgage Delinquency Rates Fall to All-Time Low
Reuters, Aug. 10, 2023-Safiyah RiddleU.S. mortgage delinquency rates fell to a record low in the second quarter due to a strong job market and low interest rates prevailing on most …
Inflation and Housing Costs Are Set to Turn a Corner
The Wall Street Journal, Aug. 10, 2023-Spencer Jakab (subscription)Americans are paying more to rent or insure their homes than a few years ago and much more to buy one with …
Brookfield Sets Sights on Raising $150 Billion This Year
The Wall Street Journal, Aug. 9, 2023-Luis Garcia (subscription)Brookfield Asset Management sees the best opportunities in more than a decade to buy commercial property at a discount, as strong fundraising …