CNBC, July 11, 2023–Mike WintersIf you’re a U.S. homebuyer waiting for a return to super-low mortgage rates, don’t hold your breath.https://www.cnbc.com/2023/07/11/real-estate-expert-mortgage-rates-wont-go-back-down-to-3-percent.html
Category: Top National News
Treasury Department’s Homeowner Assistance Fund Distributed $1.2 Billion in First Quarter
Weekly Real Estate News, July 10, 2023–Phil HallThe U.S. Department of the Treasury reported that its Homeowner Assistance Fund (HAF) programs distributed $1.2 billion in assistance to households during the …
Wave of Rental Resets to Further Deplete Affordable Housing
Wall Street Journal, July 20, 2023-Will Parker (subscription)The U.S. is at risk of losing nearly 200,000 affordable housing units over the next five years, as government protections end at hundreds …
Only in Austin, Texas Are Home Prices Sinking
HousingWire, July 10, 2023-Connie KimAs the spring homebuying season comes to an end, there are distinct signs of the housing market reheating from a home price perspective. The lack of …
FHFA Proposes Amending Suspended Counterparty Program Rule
National Mortgage Professional, July 10, 2023-David Krechevsky The Federal Housing Finance Agency (FHFA) said Friday it is seeking comment on a proposed rule that would amend the Suspended Counterparty Program …
Maine Legislature Passes ‘Historic’ Bill to Address Housing Shortage, Homelessness
The Maine Monitor, July 9, 2023-Emily BaderAUGUSTA, Maine–More than $100 million was allocated to address Maine’s housing shortage and the ongoing homelessness crisis under budget measures passed by the Legislature …
June Marked the Strongest Month for Public REITs Since January
Wealth Management Real Estate, July 10, 2023–David BodamerThe Nareit All Equity REIT Index rose 5.36% in June and is now up 2.97% year-to-date with almost every property subsector—even the beleaguered …
Opinion: “Foreclosure” Shouldn’t be a Dirty Word
National Mortgage News, July 9, 2023–Michael Krein (subscription)We’re all aware of the stories in the mainstream media about the instances of unconscionable behavior exhibited by rogue servicers, lenders, brokers or …
Fast and Furious, Mortgage-Style
Banker & Tradesman, July 10, 2023–Lew SichelmanThe ability of lenders to come up with creative new products that seize would-be borrowers’ attention is never-ending. Anything to get a customer in …
Morningstar Makes a Bold Call that Housing Market Affordability Will be Restored by 2025. Here’s How
Fortune, July 9, 2023–Lance Lambert (subscription)Housing market affordability right now is on par with what buyers saw at the height of the housing bubble in 2006 when factoring in mortgage …