Real Estate Journals, Sept. 26, 2022–Dan RafterIn its efforts to curb rising inflation, the Federal Reserve on Sept. 21 raised its benchmark interest rate by three-quarters of a percentage point. …
Category: Top National News
Rents Drop for First Time in Two Years After Climbing to Records
Wall Street Journal, Sept. 26, 2022–Will Parker (subscription)Apartment rents are falling from record highs across the U.S. for the first time in nearly two years, offering the prospect of relief …
Low-Cost Solar-Powered Homes Offer Solution to Affordability Crisis
Delaware News Journal, Sept. 26, 2022–Ben MaceRising mortgage rates and high prices are leaving homes out of reach for many low-to-moderate income residents. But several businesses and agencies are teaming …
Fed Unsure of Economy’s Direction as Wall Street Meltdown Worsens
Washington Post, Sept. 24, 2022–David J. LynchAfter the Fed misjudged inflation in 2021, Federal Reserve Chair Jerome H. Powell is talking honestly about his uncertainty of whether the U.S. can …
John Paulson on Frothy US Housing Market: This Time Is Different
Bloomberg, Sept. 25, 2022–Michael P. ReganAs he sizes up yet another frothy housing market some 15 years later, the founder of Paulson & Co. says another downturn in US home …
Thrive Mortgage to Acquire American Mortgage Service Company
HousingWire, Sept. 23, 2022–Flávia Furlan NunesTexas-based independent mortgage bank Thrive Mortgage has signed a letter of intent to acquire the Ohio-based lender American Mortgage Service Company. Financial terms of the …
The U.S. Is Running Short of Land for Housing
Wall Street Journal, Sept. 25, 2022–Konrad Putzier (subscription)Land-use restrictions and lack of infrastructure have made it harder for developers to find sites to build homes; ‘almost across the board, you’re …
Wells Fargo Cuts More Jobs in Des Moines Metro in the 10th Round of Layoffs Since April
Des Moines Register (Iowa), Sept. 24, 2022–Tyler JettThe banking giant laid off another 36 workers Thursday in its 10th round of cuts since April, according to a notice filed with …
Inside the Incredibly Shrinking Southern California Starter Home
Los Angeles Times, Sept. 23, 2022–Jack FlemingFor decades, the single-family home has been Southern California’s ultimate lure — a chance to live a life of sun and sand from the …
Whatever Happened to the Starter Home?
New York Times, Sept. 25, 2022–Emily BadgerThe economics of the housing market, and the local rules that shape it, have squeezed out entry-level homes.https://www.nytimes.com/2022/09/25/upshot/starter-home-prices.html?campaign_id=2&emc=edit_th_20220925&instance_id=72912&nl=todaysheadlines®i_id=42063674&segment_id=108081&user_id=e670283fb4fff3d4391d6f88569ad498