Home Equity Lending News, December 1, 2024Credit scores on home-equity products have declined by four points from a year ago, though a quarter-over-quarter improvement was observed.Click here for more
Category: Top National News
The ‘Silver Tsunami’ Will Hit South Florida Even Harder
HousingWire, Nov. 30, 2024-Chris ClowCommunities across the country, particularly those that are popular among retirees, are seeing an influx of older residents as a “silver tsunami” — based on population …
The Affordable Housing Shortage Is Reshaping Parts of Rural America
NBC News, Nov. 29, 2024-Shannon PettypieceWhen Suzanne D’Amico moved from Dallas an hour north to Celina, Texas, there was one grocery store, longhorn cattle down the road and no lights …
Mortgage Loan Limits Increase Again, Making Million-Dollar Homes Increasingly Within Reach
Forbes, Nov. 28, 2024–Amy Rose DobsonThe average loan amount for new conforming loans has been on an upward trend over the past month, rising to $439,200 last week, according to …
Rising Number of Mortgage Applications Reveal Changing Housing Market
Newsweek, Nov 28, 2024–Suzanne BlakeThe housing market could be showing signs of change as mortgage applications rose for the third consecutive week, according to new data released from the Mortgage …
CRE Investor Optimism Rises Amid Falling Interest Rates
GloseSt.com, Nov. 27, 2024-Mario MarroquinInvestors in commercial real estate are growing increasingly optimistic as the Federal Reserve signals the possibility of rate cuts through 2025, according to a report from …
Frozen Home-Improvement Spending Could Take Time to Thaw
The Wall Street Journal, Nov. 26, 2024-Jinjoo LeeAmericans’ $35 trillion home-equity stash is a potential treasure trove for home-improvement retailers, if only stubbornly high borrowing costs would come down.Click here …
Federal Agency Raises the Size of Most Single-Family Loans the Government Can Guarantee to $806,500
The Associated Press, Nov. 26, 2024-Alex VeigaThe Federal Housing Finance Agency is increasing the size of home loans that the government can guarantee against default as it takes into account …
Office Conversions Find New Life After Property Values Plunge
The Wall Street Journal, Nov. 26, 2024-Peter GrantDeveloper efforts to convert emptying office towers into residential buildings have largely gone nowhere. That may be finally changing.Click here for more (subscription)
Home Affordability Takes a Hit After Months of Positive News
National Mortgage News, Sept. 26, 2024-Spencer LeeHome affordability reversed course this fall, with median payments up for the first time since April due to higher mortgage rates.Click here for more …