Wall Street Journal, Sept. 20, 2022–Kate King (subscription)People are traveling in packs again. More than two years after the pandemic grounded group travel, hotels are finally selling blocks of rooms. …
Category: Top National News
Home Prices Keep Rising Amid a Seller’s Housing Market. So Why Has New Homebuilding Hit a Crawl?
USA Today, Sept. 20, 2022–Swapna Venugopal RamaswamyHome prices continue to rise in nearly all of the U.S. even as mortgage rates climb ever higher. Inventory levels – typically used by …
Another Look at 2Q Lending: Depositories Continued to Garner Market Share
Inside Mortgage Finance, Sept. 20, 2022–Namrata BhatiaNot many residential lenders were able to increase originations in the second quarter of 2022, but federally insured depositories generally did better than the …
A New Set of Housing Winners and Losers Is Emerging
Bloomberg, Sept. 20, 2022–Conor SenEconomic inequality this decade will largely be defined by those who bought homes before 2022 and those who didn’t.https://www.bloomberg.com/opinion/articles/2022-09-20/personal-wealth-a-new-set-of-housing-winners-and-losers-is-emerging
MBA: Loans In Forbearance Dipped In August
National Mortgage Professional, Sept. 20, 2022–Sarah WolakThe Mortgage Bankers Association’s monthly Loan Monitoring Survey reports that the total number of loans now in forbearance decreased by 2 basis points, from …
Climbing Housing Costs Could Prop Up Inflation for a While
Wall Street Journal, Sept. 20, 2022–David Harrison (subscription)Rents and other shelter costs are emerging as a major driver of overall consumer inflation, keeping it high at a time when many …
How to Root Out Discrimination in the Mortgage Industry
Mortgage Professional America, Sept. 20, 2022–Tony CantuWhile some may view community redlining – the practice of actually circling in red ink low-income swaths of cities where lenders once were averse …
Mortgage Rate Volatility Affecting Pace of New Home Sales
HousingWire, Sept. 20, 2022–Connie KimNew home purchase applications in August were down year over year but rebounded after four consecutive months of declines despite higher mortgage rates, declining homebuilder sentiment …
Some Companies Are Closing Their Doors, Others Are Shutting Down Divisions’: Rocket CEO Outlines Plans to Navigate the Dramatic Decline in Mortgages
MarketWatch/Dow Jones, Sept. 20, 2022–Aarthi SwaminathanThe mortgage industry is struggling with higher rates and a sharp drop in buyer demand. Rocket says it’s got a plan to turn things around. …
Apartment Rents Are Growing Faster in Low-Cost Cities
GlobeSt.com, Sept. 20, 2022–Lynn PollackApartment rent growth hit a staggering 18 percent nationally in 2021, and while prices have tempered a bit this year, rents are continuing to rise at …