Yahoo!Finance, Mar. 1, 2023–Gabriella Cruz-MartinezThe so-called Equity Unlocker mortgage allows current and former workers of the e-retail giant to pledge company stock as collateral toward a down payment on a …
Category: Top National News
Mortgage Demand from Homebuyers Drops to a 28-Year Low
CNBC, Mar. 1, 2023–Diana OlickMortgage applications to purchase a home dropped 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was …
Survey: What Do People Really Believe About Housing In The US?
Fortune, March 1, 2023–Roger ValdezUnderstanding and changing public opinion – why do people think what they think about housing – is critical to changing housing policy. A new Cato survey …
‘The Risk of a Deep Housing Slide Persists’ Dallas Fed Says the Downturn in US and German Housing Markets has Implications for the Rest of the World
MarketWatch, March 1, 2023–Aarthi Swaminathan (subscription)Fed researchers noted “evidence of exuberance” in the U.S. housing markethttps://www.marketwatch.com/story/the-risk-of-a-deep-housing-slide-persists-dallas-fed-says-the-downturn-in-u-s-and-german-housing-markets-has-implications-for-the-rest-of-the-world-25e897ea
It’s Time for Biden to Take on the NIMBYs
Vox.com, March 1, 2023–Rachel M. CohenFor decades, the US has built fewer homes than it needs — a trend that has led to soaring rent and home prices, hurt economic …
2023 Could be Year Apartment Owners Compete for Renters
GlobeSt.com, March 1, 2023–Paul BergeronFebruary marked a return to positive rent growth–albeit by just 0.3 percent nationally–after five straight month-over-month declines, according to the March 2023 Rent Report from Apartment …
CFPB is ‘Not Holding Back’ Despite Cloud of Uncertainty from Supreme Court
American Banker, Feb. 28, 2023–Kate Berry, Frank Gargano (subscription)The CFPB said it was “pleased” that the Supreme Court had decided on Monday to take a case about the constitutionality of …
Rocket Has $493M Loss in 4Q, Teases Homeownership Credit Card Rewards
National Mortgage News, Feb. 28, 2023–Brad Finkelstein (subscription)Rocket Cos. lost $493 million in the fourth quarter, but management emphasized its long term goals and its recent expense reductions while also …
Turning Malls into Neighborhoods
Urban Land magazine, Feb. 28, 2023–Patrick J. KigerFrom apartment buildings rising in shopping center parking lots to the redevelopment of dead mall sites as housing, retail-to-residential conversions are an increasing …
More Homebuyers are Paying in Cash, Sweeping a Majority of Sales in Some Markets
National Mortgage News, Feb. 28, 2023–Augusta Saraiva (subscription)The share of all-cash deals rose to the highest since 2013 last year, while institutional investors, who usually account for many cash sales, …