Fox Business News, Sept. 15, 2022–Nora ColomerHigher mortgage rates and low housing supply means it’s more difficult for borrowers to find bargains, economists say.https://www.foxbusiness.com/personal-finance/housing-inventory-home-prices
Category: Top National News
Lenders Must Tread Lightly in Partnerships with Amazon, Google
National Mortgage News, Sept. 15, 2022–Andrew Martinez (subscription)The behemoths, despite past speculation, haven’t indicated any efforts to originate mortgages. Instead, they’ve teamed up with industry players to offer data solutions. …
The Open Office Is Out, ‘Seated Privacy’ Is In as Cubicles Make a Comeback
Wall Street Journal, Sept. 15, 2022–Callum Borchers (subscription)Walls are the star attraction in some companies’ latest attempts to lure back workers who hate ‘open’ offices and up-for-grabs seatshttps://www.wsj.com/articles/the-open-office-is-out-seated-privacy-is-in-as-cubicles-make-a-comeback-11663189508?
The Housing Problem is Also the Inflation Problem
Axios, Sept. 15, 2022–Matt PhillipsSurging housing costs are the engine driving Tuesday’s worrisome Consumer Price Index report — and it’s going to be tough to bring them down.https://www.axios.com/2022/09/14/housing-costs-inflation-cpi
Amazon Plans To Fund More Than 1,000 Affordable Housing Units In D.C. Area
DCist, Sept. 14, 2022–Colleen GrablickAmazon is partnering with a dozen D.C.-area providers and developers to fund more than 1,000 affordable housing units–the tech giant’s latest attempt to blunt the economic …
The Fed Is Driving an Unusual Contradiction in the Housing Market
Barrons, Sept. 15, 2022–Susan Wachter (subscription)The U.S. housing market has entered an unusual and confusing phase. House prices and rents year-over-year continue to grow at historically high rate. But construction …
How San Francisco Makes It Insanely Hard to Build Housing
San Francisco Standard, Sept. 14, 2022–Sarah WrightSan Francisco is on pace to build an anemic 3,000 new housing units this year, and the lull in construction couldn’t come at a …
The Fed Could Crash the Housing Market
CNN, Sept. 14, 2022–Nicole GoodkindInvestors are getting spooked that the Federal Reserve’s aggressive interest rate hikes could damage the U.S. economy. One area of growing concern: housing. Interest rate hikes …
Homebuyers Might as Well Take the Plunge
Bloomberg, Sept. 14, 2022–Conor SenWould-be homebuyers who have decided to wait for mortgage rates to fall so they can afford to leap back into the market should realize that waiting …
How Does a Mortgage Rate Buy-Down Work?
Washington Post, Sept. 14, 2022–Michele LernerRising rates are particularly challenging for buyers who may be struggling to afford their first home or those who hope to move up into a …