GlobeSt.com, May 16, 2022–Lynn PollackThere’s no denying the work-from-home trend is leading to higher vacancy rates in the office sector, but according to a trio of analysts from Moody’s, “there’s …
Category: Top National News
They Signed Contracts for Their Dream Homes Last Year. Now Their Borrowing Costs Are Ballooning
Wall Street Journal, May 16, 2022–Nicole Friedman (subscription)People who agreed to buy homes under construction but haven’t yet closed are facing mortgage-interest rates that could be nearly double what they …
Tens of Millions of U.S. Properties Face Wildfire Risk, New Study Says
Wall Street Journal, May 16, 2022–Nicole Friedman (subscription)Almost 80 million U.S. residential and commercial properties face some risk of wildfire damage in the next 30 years, according to nonprofit research …
The Crazy Housing Market is Finally Slowing Down
Axios, May 16, 2022–Joann MullerThe red-hot housing market is starting to cool this spring, after nearly two years of soaring prices and shrinking inventories.https://www.axios.com/2022/05/16/the-crazy-housing-market-is-finally-slowing-down
White House Releases Plan to Boost Housing Supply
The Hill, May 16, 2022–Brett SamuelsThe White House on Monday outlined a plan to boost housing availability and lower costs for renters and homeowners, portraying it as part of a …
‘The Market is Shifting.’ Here’s Exactly When 3 Economists Predict Competition in the Housing Market Will Decline
MarketWatch, May 14, 2022–Brienne WalshThere are signs that competition in the housing market may be cooling off, analysts say.https://www.marketwatch.com/picks/the-market-is-shifting-heres-exactly-when-3-economists-predict-competition-in-the-housing-market-will-decline-01652528876
Housing Defies Fed’s Campaign to Control Inflation
Bloomberg, May 14, 2022–Jonathan LevinThe breakneck pace of US home price increases accelerated even further last month, making the Federal Reserve’s task of curbing the worst inflation in 40 years …
Angel Oak Takes $34.5 Million Loss Due to Market Volatility
National Mortgage News, May 13, 2022–Bonnie Sinnock (subscription)But the REIT, which invests in mortgages that have to be verified through nontraditional means like bank statements, has seen an improvement in …
Did You Strike Gold Selling Your House? Maybe You Should Share the Wealth
Los Angeles Times, May 15, 2022–Steve LopezIn Los Angeles, a coalition of homeowners and activists has submitted a signature suggestion It could end with a vote in November. The United …
U.S. Consumer Sentiment Approaches 11-Year Low, Monthly Import Prices Unchanged
Reuters, May 13, 2022–Lucia MutikaniU.S. consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but household spending remains underpinned by …