WBUR, June 26, 2023-Miriam WasserMassachusetts recently established a “green bank” to help finance new climate-friendly affordable housing and retrofit existing buildings so that they’re more energy efficient and fossil fuel-free.https://www.wbur.org/news/2023/06/26/green-bank-massachusetts-affordable-housing-decarbonization-climate-explained
Category: Top National News
Fannie Mae Lowers 2023 Single-Family Originations Forecast to $1.59 Trillion
Housing Wire, June 26, 2023-Connie Kim (subscription)Current housing market dynamics continue to be fueled by the lack of existing homes available for sale, a trend that did not improve during …
4.3 Million More Homes Needed to Meet Demand: Report
National Mortgage News, June 26, 2023-Annabel Burba (subscription)The U.S. housing market is in need of 4.3 million more homes, a report by Zillow finds.https://www.nationalmortgagenews.com/news/zillow-report-says-market-needs-more-homes-to-meet-demand
Loan Servicers’ Pandemic-Relief Efforts ‘a Major Success Story’
Inman News, June 26, 2023-Matt CarterLoan servicers collecting mortgage payments on loans backed by Fannie Mae and Freddie Mac kept millions of borrowers from being foreclosed on during the coronavirus …
Prologis Buying $3.1 Billion Industrial Property Portfolio From Blackstone
Wall Street Journal, June 26, 2023–Peter Grant (subscription)Prologis has agreed to pay Blackstone $3.1 billion for a portfolio of U.S. warehouses and distribution properties in a sign that industrial space …
The Zombie Mortgages Stalking American Homeowners
Wall Street Journal, June 23, 2023–PodcastLong-dormant mortgages are coming back to bite. Homeowners around the country are facing large bills and even foreclosure threats from investors who own their second …
Home Sales Continue to Decline In New York State
Weekly Real Estate News, June 23, 2023–Phil HallThe Empire State’s housing market had another enervated month in May, according to data from the New York State Association of Realtors.https://wrenews.com/home-sales-continue-to-decline-in-new-york-state/?
California Promotes Expanded Availability of Mortgage Relief
National Mortgage News, June 23, 2023–Spencer Lee (subscription)Adjustments to area median-income levels will make more residents eligible after the state opened up the Homeowner Assistance Fund to households with pandemic-related …
One House, Forever
Banker and Tradesman, June 25, 2023–Lew SichelmanWith a little forethought and effort, you can build or buy a house for the ages. And it need not be an expensive, architect-designed …
What Is Happening in the Housing Market?
New York Times, June 26, 2023–Jeanna SmialekHome construction surged in May and prices have ticked up, even with interest rates at a 15-year high. The resilience has surprised some economists. …