Wall Street Journal, May 22, 2023–Gwynn Guilford (subscription)Americans reported a sharp decline in their financial well-being last fall as high inflation eroded earnings and savings, according to a Federal Reserve …
Category: Top National News
New York Commercial Real Estate Broker Confidence Falls to Record Low
The Business Journals, May 22, 2023–Sasha Jones (subscription)Commercial real estate brokers’ confidence in the New York market has fallen to a new low, according to a REBNY survey.https://www.bizjournals.com/newyork/news/2023/05/22/broker-confidence-q1-23.html
Housing Construction Looks Positive Despite Recession Projections
HousingWire, May 22, 2023–Connie KimHousing demand has shifted more toward the new home market, Fannie Mae’s Economic and Strategic Research Group noted in its May economic outlook.https://www.housingwire.com/articles/housing-construction-looks-positive-despite-recession-projections/
Are We in a Recession? It Depends on Who You Ask
Mortgage Professional America, May 22, 2023–Tony CantuIt used to be something of an accepted rule of thumb to define a recession as two consecutive quarters of negative gross domestic product …
Why Have SFR Days on Market Risen to 30?
Multi-Housing News, May 19, 2023–Lew SichelmanColumnist Lew Sichelman digs into recent single-family rental dynamics.https://www.multihousingnews.com/why-have-sfr-days-on-market-risen-to-30/
U.S. Regional Banks Stocks Fall after Yellen Says More Bank Mergers Necessary
Reuters, May 19, 2023–Chibuike OguhShares of U.S. regional lenders fell on Friday after CNN reported that U.S. Treasury Secretary Janet Yellen told bank chief executives that more mergers may be …
Racial Disparities in Home Appraisals Exist in Every Major US City
Bloomberg, May 19, 2023–Brentin Mock, Marie PatinoHomes in neighborhoods of color are appraised at far less values than in White neighborhoods across every major US metro, according to data analysis …
How Regional Banking Consolidation Threatens Commercial Real Estate
Commercial Observer, May 19, 2023–Brian PascusJamie Woodwell, head of commercial real estate research at the Mortgage Bankers Association, an industry trade group, said that recent data from the Federal Reserve …
HUD’s Watchdog Takes Issue with Its Retired COVID-19 Policy
National Mortgage News, May 19, 2023–Maria Volkova (subscription)HUD’s temporary policy for endorsing loans with COVID-19 forbearance was “unclear” and exposed the Federal Housing Administration’s insurance fund to risk, an audit …
It’s A Seller’s Market, But Sellers Are Balking
National Mortgage Professional, May 19, 2023–David KrechevskyThe housing market remains stuck in a dilemma: It’s a good time to sell because demand is high and supply is low, but potential …