Commercial Property Executive, Apr. 20, 2022–Peter MuoioPeter Muoio of SitusAMC on how the Federal Reserve’s aggressive rate tightening could impact commercial real estate.https://www.commercialsearch.com/news/what-inflation-recession-risk-mean-for-cre/
Category: Top National News
Towns in CT’s Richest Area Could Pay to Meet Affordable Housing Goals
The Connecticut Mirror, Apr. 20, 2022–Ginny MonkA regional affordable housing plan for some of the wealthiest communities in Connecticut could allow towns to pay a fee and count housing units …
U.S. Home Prices Hit a Record of $375,300 in March
Wall Street Journal, Apr. 21, 2022–Nicole Friedman (subscription)U.S. home prices soared to a new record in March while mortgage rates continued to rise rapidly, slowing home sales in what has …
Existing-Home Sales Slackened in March
Associated Press/Washington Post, Apr. 20, 2022Sales of previously occupied U.S. homes slowed down last month to the slowest pace in nearly two years as a swift rise in mortgage rates …
MBA President Sees Mortgage Rates Plateauing
Bloomberg Markets, Apr. 19, 2022–Taylor RiggsMBA President & CEO Bob Broeksmit, CMB, discusses economic conditions and mortgage interest rates on “Bloomberg Markets: The Close.”https://www.youtube.com/watch?v=Nm-IH8aj554
Bank of America Settles Fair Housing Discrimination Claim
National Mortgage News, Apr. 19, 2022–Brad Finkelstein (subscription)Bank of America has entered into an agreement with a mortgage applicant who was allegedly told their loan would not be approved until …
Unable to Get a Mortgage, Millions of Americans Turn to Risky Lenders, But at What Cost?
USA Today, Apr. 20, 2022-Tiffany Cusaac-Smith, Romina Ruiz-GoirienaAt least 1 in 5 Americans have used alternative financing from 2009 to 2019, meaning many low-income buyers are purchasing homes at higher …
GSE Investment-Property Volume Holds Up Fairly Well in 1Q22
Inside Mortgage Finance, Apr. 20, 2022–Brandon IveyVolume of investment-property and second-home mortgages delivered to the GSEs held up fairly well in the first quarter of 2022 while conforming-jumbo business plummeted, …
Class-A Renters Are Seeing the Biggest Rate Increases Today
Wealth Management Real Estate, Apr. 20, 2022–Bendix AndersonU.S. apartment renters keep signing new leases, even though rental rates are rising very quickly. Apartment rents have also been going up at …
Mortgage Demand Falls to Nearly Half of What it Was a Year Ago…
CNBC, Apr. 20, 2022–Diana OlickMortgage demand continued to crumble last week, as mortgage rates climbed to their highest level since 2010. Total application volume fell 5% last week compared with …