Bloomberg news, June 27, 2022KKR & Co. has sold seven U.S. student housing properties to Harrison Street, a deal that shows continued strength for the sector even as other residential …
Category: Top National News
The Housing Market Is Slowing Down, But Buying a Home Isn’t Getting Easier. Here’s Why
Time magazine, June 27, 2022–Jon ReedFrustrated homebuyers may have hoped during the scalding hot housing market of the past two years for there to please, pretty please, be less competition. …
What It Takes to Buy Your First Home Now
Wall Street Journal, June 25, 2022–Nicole Friedman and Veronica Dagher (subscription)Interest rates are rising, supply is thin and bidding wars remain widespread. ‘It’s just so ridiculous and disheartening.’https://www.wsj.com/articles/what-it-takes-to-buy-your-first-home-now-11656129639?
A Good Year for Short-Term Mortgages as Volume Spikes
Inside Mortgage Finance, June 27, 2022–Brandon Ivey (subscription)Financers of fix-and-flip activity boosted lending in 2021 after a slowdown in the previous year due to the pandemic, according to a new …
PIMCO-Backed FGMC Lays Off Most Staffers
HousingWire, June 24, 2022–Flávia Furlan Nunes (subscription)Mortgage lender First Guaranty Mortgage Corp. cut about 80% of its workforce on Friday and has stopped accepting new mortgage applications, HousingWire has learned. …
What It Takes to Buy Your First Home Now
Wall Street Journal, June 25, 2022–Nicole Friedman and Veronica Dagher (subscription)Interest rates are rising, supply is thin and bidding wars remain widespread. ‘It’s just so ridiculous and disheartening.’https://www.wsj.com/articles/what-it-takes-to-buy-your-first-home-now-11656129639?
Bidding Wars Overheated the Home-Buyer Market, Now They’re Coming for Renters
Wall Street Journal, June 27, 2022– Will Parker (subscription)Competition among renters means many tenants feel compelled to pay more each month than what the landlord is asking.https://www.wsj.com/articles/bidding-wars-overheated-the-home-buyer-market-now-theyre-coming-for-renters-11656322200?
Rising Prices and Another Mortgage Rate Hike Catch Homebuyers on the Chin
Madison (Wisconsin) Leader Gazette, June 26, 2022–Raymond HicksThe interest rate on America’s most popular home loan continued to climb this week and is now at a nearly 14-year high, new …
Big Cities Are Luring People Back, But Some Can No Longer Afford It
Bloomberg, June 24, 2022–Alice KantorHome prices and rents are surging in major urban areas across the world, leaving people who moved out during the pandemic with dwindling options.https://www.bloomberg.com/news/articles/2022-06-24/should-i-move-to-new-york-london-surging-rent-prices-make-it-hard-to-afford?srnd=premium#xj4y7vzkg
New York’s Biggest Mall Buys More Time to Pay Back Mortgage Debt
Mortgage Professional America, June 24, 2022–Candyd MendozaDestiny USA, the largest mall in New York, has dodged a default bullet after securing a five-year extension from lenders to pay back $430 …