The Real Deal, May 2, 2022As the Texas real estate market explodes, the city of Dallas is weighing new restrictions on real estate investors. The proposed legislation comes in the …
Category: Top National News
How Austin Lured the Most Workers Back to Offices
Wall Street Journal, May 2, 2022–Kathryn Dill and Lindsay Ellis (subscription)Companies nationwide are struggling to get employees back in the office, but not in Austin. These days, the city’s workforce …
New York’s Waldorf Astoria Hotel Finds a Rocky Path to Condo Conversion
Wall Street Journal, May 2, 2022–Craig Karmin and Kate King (subscription)The Chinese owner of Manhattan’s historic Waldorf Astoria hotel has been struggling to complete its plan for converting hundreds of …
Industrial, Apartment, SFR Developers Fuel Hot Land Sales Market
Wealth Management Real Estate, May 2, 2022–Beth Mattson-TeigThe past year was a record year for land sales volume and price appreciation in many markets, according to Cushman & Wakefield.https://www.wealthmanagement.com/investment-strategies/industrial-apartment-sfr-developers-fuel-hot-land-sales-market?
The Sudden Large Gains in Mortgage Rates Have Reduced the Pool of Eligible Homebuyers’: Pending Home Sales Fall Amid Rising Mortgage Rates
MarketWatch, May 1, 2022–Jacob PassyPending home sales dropped 1.2% in March, according to the monthly index released by the National Association of Realtors. The index measures transactions where the contract …
The Fed Wants to Cool the U.S. Housing Market. Here’s What That Feels Like
Reuters, May 2, 2022–Ann Saphir and Lindsay DunsmuirRising rates mean borrowing for a house is suddenly more expensive. The 10-year Treasury note yield, a benchmark for mortgage rates, has risen …
Big Fed Rate Hikes Ahead, Amid Early Signs Hot Inflation is Peaking
Reuters, Apr. 29, 2022–Lindsay Dunsmuir, Ann SaphirU.S. Federal Reserve policymakers look set to deliver a series of aggressive interest rate hikes at least until the summer to deal with hot …
Redfin Settles Fair Housing Act Lawsuit
HousingWire, Apr. 29, 2022–Matthew BlakeRedfin must revamp its business – including eliminating a minimum home price for service – in order to serve more non-white homebuyers. That was but one …
Mr. Cooper Lays Off 250, Predicts Two Tough Quarters Ahead
National Mortgage News, Apr. 29, 2022–Brad Finkelstein (subscription)While Mr. Cooper had a strong earnings performance in the first quarter, going forward, at least in the near term, will be a …
Battle Brews Over Big Bucks Landlords
National Mortgage Professional, Apr. 29, 2022–Lew SichelmanInstitutional investors in rental real estate have long been in the cross-hairs of consumer groups who say they are nothing more than money-making machines …