New York Times, June 13, 2023 (subscription)Consumer prices rose at the slowest pace in more than two years, an encouraging sign for policymakers as they plot their next interest rate …
Category: Top National News
Renters Are About to Get the Upper Hand
Wall Street Journal, June 13, 2023-Will Parker (subscription)Apartment rent growth is declining fast, shifting the rental market to the tenant’s favor for the first time in years.https://www.wsj.com/articles/renters-are-about-to-get-the-upper-hand-f6387df4
Slip-Sliding Away: Mortgage Credit Availability Falls for 3rd Straight Month
National Mortgage Professional, June 13, 2023-David Krechevsky Mortgage credit availability decreased in May for the third straight month, the Mortgage Bankers Association said Tuesday.https://nationalmortgageprofessional.com/news/slip-sliding-away-mortgage-credit-availability-falls-3rd-straight-month
As Technology Evolves, Could AI Replace Your Real Estate Agent?
The Dallas Morning News, June 13, 2023-Mitchell Parton (subscription)LAS VEGAS — Executives at some of the largest home-search platforms and real estate companies are exploring how to broaden their use …
New Inflation Data Tests Fed’s Faith in Housing Slowdown Thesis
Reuters, June 13, 2023-Howard SchneiderWASHINGTON–Federal Reserve officials for months have been counting on slower-rising U.S. housing prices to help in their efforts to control inflation, and there are good reasons …
Is the Global Housing Slump Over?
The Economist, June 12, 2023 (subscription)Rising interest rates have not yet triggered property pandemoniumhttps://www.economist.com/finance-and-economics/2023/06/12/is-the-global-housing-slump-over
Over 75% of Homes on the Market are Too Expensive for Middle-Income Buyers
Markets Insider, June 12, 2023–Jennifer SorThe housing affordability crisis has priced middle-income buyers from a majority of homes on the market. Buyers earning up to $75,000 could only afford 23% …
Workers Want to Stay Remote, Prompting an Office Real Estate Crisis
Washington Post, June 12, 2023–Caroline O’DonovanConcern about a commercial real estate crisis in cities like San Francisco is spiking, but brokers say the real impact of remote work and low …
Bank of America Faces Lawsuit Alleging it Charged Servicing Junk Fees
National Mortgage News, June 12, 2023–Spencer Lee (subscription)Bank of America is at the center of a new class-action lawsuit, which claims it unlawfully charged fees to mortgage servicing customers paying …
Hotel Owners Start to Write Off San Francisco as Business Nosedives
Wall Street Journal, June 12, 2023-Kate King (subscription)San Francisco’s once thriving hotel market is suffering its worst stretch in at least 15 years, pummeled by the same forces that have …