Wall Street Journal, Aug. 1, 2023-Nicole Friedman (subscription)Foreign buying of U.S. homes fell for a sixth straight year, sinking to the lowest level on record, though some signs of turnaround …
Category: Top National News
Miami Sees Its First Population Drop in Decades
Wall Street Journal, July 31, 2023-Konrad Putzier and Deborah Acosta (subscription)Miami, a global hot spot with ambitions to be a business and financial hub, is driving away more residents than …
Acquisition of Home Point Mortgage Lender by Mr. Cooper Completed
Crain’s Detroit Business, Aug. 1, 2023-Nick Manes (subscription)Southeast Michigan is officially down one mortgage lender.https://www.crainsdetroit.com/banking-finance/home-point-mortgage-lender-acquisition-mr-cooper-complete
Multifamily Lending Declined 1% Between 2021-22: MBA
HousingWire, Aug. 1, 2023-Chris Clow (subscription)More than 2,200 different multifamily lenders provided $480.1 billion in new mortgages for apartment buildings with five or more units in 2022, a reduction of …
MBA Advises FHFA Against Tightening Rent Control
MPA, Aug. 1, 2023-Candyd Mendoza The Mortgage Bankers Association is urging the Federal Housing Finance Agency to refrain from enacting additional obligations for renters that may disincentivize them from participating …
Commercial Real Estate Investors Risk Painful Losses in Post-COVID World
Reuters, July 30, 2023-Sinead Cruise, Lucy Raitano and Lewis JacksonLONDON/SYDNEY–Commercial real estate investors and lenders are slowly confronting an ugly question – if people never again shop in malls or …
Local Malls, Stuck in ‘Death Spiral,’ Plunge in Value
Wall Street Journal, July 31, 2023-Kate King (subscription)WATERFORD, Conn.—Crystal Mall’s parking lots used to be so crowded that parents would line up to drop off their teenagers near one of …
One Reason Americans Are Still Spending: They’re Earning More
Wall Street Journal, July 31, 2023-Eric Wallerstein (subscription)The Federal Reserve’s interest-rate campaign is meant to rein in spending and rising prices. But Americans are still spending—partly because cash-like investments are …
Why Home Prices Are Plummeting in These 6 Cities
Yahoo! Finance, July 31, 2023-Jacob WadeIf you’re looking to buy a home in the near future, there is finally some good news for buyers: Home prices are falling around the …
What Happened to the Summer Housing Market?
Housing Wire, July 30, 2023-Logan Mohtashami (subscription)Tracking housing inventory this summer is like watching a zombie slowly walking on the beach. https://www.housingwire.com/articles/what-happened-to-the-summer-housing-market/