CBS News Moneywatch, June 5, 2023–Tim MaxwellMany organizations and experts believe interest rates are poised to drop this year. (MBA mention)https://www.cbsnews.com/news/when-will-mortgage-interest-rates-drop-what-experts-think/
Category: Top National News
Sunbelt Construction Boom Threatens Top Apartment Building Owners
Wall Street Journal, June 5, 2023-Will Parker (subscription)Historic numbers of new rental apartments opening over the next 18 months are poised to decrease profits for the largest publicly traded landlords, …
A Majority of Would-Be Homebuyers Are Putting Plans on Hold
Wall Street Journal, June 5, 2023-Ben Eisen (subscription)People who want to buy a home are tapping the brakes on their plans.https://www.wsj.com/livecoverage/stock-market-today-dow-jones-06-05-2023/card/a-majority-of-would-be-homebuyers-are-putting-plans-on-hold-J1WxdrQ9EeXpFiMIKG9O
Forever in Debt: Why U.S. Loans Are Getting Longer
Reuters, June 5, 2023-Chris TaylorConsumers facing high asset prices and rising interest rates have a few loan options. None are particularly attractive.https://www.reuters.com/business/finance/forever-debt-why-us-loans-are-getting-longer-2023-06-05/
A Wall Street Titan Scores One of the Best Real Estate Trades Ever
Bloomberg, June 5, 2023-Jack Sidders (subscription)Blackstone reaped billions because it figured out early that scruffy urban warehouses were a gold mine in the internet age.https://www.bloomberg.com/news/features/2023-06-05/wall-street-s-blackstone-made-billions-in-real-estate-bet-on-urban-warehouses#xj4y7vzkg
The Next Big Threat Hovering Over the U.S. Economy
Politico, June 5, 2023–Katy O’DonnellAs the federal government strives to contain financial market turmoil, the next risk looming over the nation’s banks is in plain sight: the $20 trillion commercial …
Big Banks Could Face 20% Boost to Capital Requirements
Wall Street Journal, June 5, 2023–Andrew Ackerman (subscription)U.S. regulators are preparing to force large banks to shore up their financial footing, moves they say will help boost the resilience of …
Feds Seek Input on Updating AVM Quality Control Standards
WRENews, June 2, 2023–Phil HallSix federal regulatory agencies have jointly requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate …
Why is There Controversy Over Mortgage Fees?
Scripps News, June 5, 2023–Lauren Magarino, Emily SenIn January, the Federal Housing Finance Agency announced a change in the pricing models for new government-backed mortgages. That change went into effect …
The Housing Market Has Never Been This Unaffordable for New Buyers
Markets Insider, June 3, 2023–Phil RosenNew home buyers are facing the least affordable market ever, data from the Mortgage Bankers Association shows.https://markets.businessinsider.com/news/stocks/housing-market-unaffordable-mortgage-home-prices-rates-fed-mba-finance-2023-6