Globe St., Oct. 24, 2024-Mario MarroquinDelinquencies for commercial real estate mortgages climbed in the third quarter of 2024, but not all sectors felt the same pain. Loans backed by office …
Category: Top National News
Average Rate on a 30-Year Mortgage in the U.S. Rises Again to Highest Level in Nearly 3 Months
The Associated Press, Oct. 24, 2024-Alex VeigaThe average rate on a 30-year mortgage in the U.S. rose again this week, reaching its highest level in nearly three months.Click here for …
Are ‘Micro-Apartments’ Converted From Offices the Answer to the Housing Crisis?
USA Today, Oct. 22, 2024-Andrea RiquierYou’ve heard of tiny houses. What about tiny, tiny, apartments?Click here for more
What Post-Hurricane Data in North Carolina Could Mean for Florida’s Recovery
HousingWire, Oct. 23, 2024-Jeff Andrews What had previously been a surprisingly mild 2024 hurricane season closed with two devastating storms that hammered Florida and North Carolina.Click here for more (subscription)
Opinion: What is Future of Bank Originated HELOCs?
Home Equity Lending News, October 23, 2024–Vikram GuptaThere is no stopping the American consumer’s ongoing love affair with credit. Total consumer credit outstanding at the end of Q2 2024 was …
Treasury Announces Support to Develop 26,000 Affordable Housing Units
HousingWire, Oct. 23, 2024-Chris ClowThe U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund announced on Wednesday that it has awarded 48 organizations a total of $246.4 million …
The Fight Over the Chrysler Building Escalates
The New York Times, Oct. 23, 2024-Anna KodéThe uncertainty over the Chrysler Building, already in a questionable financial and physical state, grows as legal battles intensify.Click here for more (subscription)
The ‘Irresistible’ Real Estate Bet Gripping Investors
Bloomberg News, Oct. 23, 2024-Gautam Naik and Frances SchwartzkopffThere’s a niche corner of dealmaking that’s quietly making inroads in the battered market for commercial real estate.Click here for more (subscription)
Map Shows States Where Mortgage Rates Are Increasing the Most
Newsweek, Oct. 23, 2024-Joe EdwardsAnew map shows which U.S. states have seen the sharpest increase in mortgage rates this year, driven by a combination of economic factors, including inflation and …
Mortgage Demand Drops to Its Lowest Level Since July, as Interest Rates Return to Summer Highs
CNBC, Oct. 23, 2024-Diana OlickMortgage demand went lower again last week, even though mortgage interest rates didn’t move.Click here for more (subscription)