Wall Street Journal, June 27, 2023–Veronica Dagher (subscription)Real estate agents say buyers right now seem in no mood to take on the additional costs and headaches of major renovation projects. …
Category: Top National News
Homebuyers With Short Memories Are Driving Up Prices in Hurricane-Hit Town
Wall Street Journal, June 28, 2023–David Christopher Kaufman (subscription)Unfazed by the destruction of Hurricane Ian just nine months ago, luxury home shoppers are flocking to Naples, Fla.https://www.wsj.com/articles/homebuyers-with-short-memories-are-driving-up-prices-in-hurricane-hit-town-11e24fb6?
EV Charger Capacity Expected to Overtake Rooftop Solar Panels in 2023
CNET, June 26, 2023-Gael Fashingbauer Cooper The annual installed capacity for electric vehicle chargers will overtake distributed solar in the US for the first time this year, according to an …
US Consumer Confidence Races to 17-Month High; Housing Market Regaining Strength
Reuters, June 27, 2023-Lucia MutikaniU.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years amid renewed labor market optimism, while business spending appeared to hold up …
Fannie Mae Sees Tightening Ahead but Leaves Housing Forecast Unchanged
National Mortgage News, June 27, 2023-Spencer LeeMixed messages coming out of recent data is making the near-term outlook for the housing market and overall economy difficult to predict, but a …
‘I Don’t Want to Become San Francisco’: Urban Woes Spur State Action on Housing
Politico, June 27, 2023-Jordan WolmanOfficials in Washington state and Vermont looked at the housing crisis in San Francisco this year and took action to prevent the same thing happening in …
MBA CEO: Regulators Should Help Stabilize Warehouse Lending
National Mortgage Professional, June 26, 2023-David KrechevskyThe president and CEO of the Mortgage Bankers Association says that while warehouse lenders continue to adjust to the shrinking market, regulators need to …
San Francisco Passed an Ambitious Plan for New Housing. What’s Happened Since? Nothing
San Francisco Chronicle, June 26, 2023–David Brockman (subscription)Last year, San Francisco dodged a bullet. State law required the city to make a plan to triple how many homes are built …
New York Landlord Vornado Bets $1 Billion That More Commuters Will Return
Wall Street Journal, June 27, 2023–Kate King, Craig Karmin (subscription)Employees frequently cite the dreaded commute as their biggest reason for avoiding the office. But one of America’s most prominent landlords …
Fannie Mae, Freddie Mac Foreclosures Rise, Delinquencies Dip
National Mortgage News, June 26, 2023–Bonnie Sinnock (subscription)More houses backing loans purchased by two government-related mortgage investors ended up in the distressed market during the first quarter, but that number …