Wall Street Journal, Apr. 3, 2021–Julia Carpenter (subscription)“When someone is refinancing, they should go through the thought experiment of: ‘Can I stay in this house long enough to make it …
Category: Top National News
Black Developers Call for Reckoning in Real Estate
Washington Post, Apr. 1, 2021–Amanda AbramsIn the wake of George Floyd’s killing in Minneapolis last May and the subsequent Black Lives Matter protests, developers of color say the industry seems …
Manhattan Residential Sales in March Soared to Highest Level in 14 Years
Wall Street Journal, Apr. 2, 2021–Kate King (subscription)Manhattan’s residential real-estate market, dormant for months after many New Yorkers fled near the start of the Covid-19 pandemic, closed the first quarter …
What the Truth in Lending Act Means for You
Yahoo! News, Apr. 2, 2021–Kristen Hampshire“The overarching point of TILA is that it has certain borrower protections that lenders are required to adhere to,” says Justin Wiseman, associate vice president …
The Mortgage Market Is Roaring, but Lots of People Can’t Get a Loan
Wall Street Journal, Apr. 2, 2021–Orla McCaffrey (subscription)The mortgage market is humming, but getting approved for a home loan is as difficult as it has been in years. Mortgage credit …
No Time for a Full Inspection? Consider a Walk-and-Talk
UExpress, Apr. 2, 2021–Lew SichelmanIn today’s overheated selling frenzy, many buyers facing competition are crossing out the inspection clauses in their contracts. They’re waiving other contingencies, too, like the one …
Manhattan Homebuyers Are Back, But They’re Here for the Deals
Bloomberg, Apr. 1, 2021–Oshrat CarmielManhattan homebuyers are coming back to the market they left a year ago. Just don’t expect them to overpay. Apartment purchases climbed 2.1% in the first …
Compass Makes its Hotly Anticipated Wall Street Debut
HousingWire, Apr. 1, 2021–Matthew BlakeThe New York City-headquartered company began offering shares Thursday morning. Investors initially paid $21.15-a-share to grab a stake in the fast-growing but money-losing real estate outfit …
Vacation-Home Buyers Propped Up the Mortgage Market. Now They Face a Test
Wall Street Journal, Apr. 1, 2021–Ben Eisen, Andrew Ackerman (subscription)The number of buyers who locked in mortgage rates for second homes in February was up 93% from a year earlier, …
U.S. Manufacturing Sector Index Races to 37-Year High in March: ISM
Reuters, Apr. 1, 2021–Lucia MutikaniThe Institute for Supply Management said on Thursday its index of national factory activity jumped to a reading of 64.7 last month from 60.8 in February. …