Reuters, June 20, 2024-Lucia Mutikani and Lindsay DunsmuirFirst-time applications for U.S. unemployment benefits fell moderately last week, while new housing construction dropped to the lowest level in nearly four years …
Category: Top National News
Some Homebuyers are Beating High Interest Rates With 1980s-era Assumable Mortgages
Star Tribune (Minneapolis), June 20, 2024–Jim Buchta“It was like winning the lottery,” said a Twin Cities buyer who assumed a 2.25% mortgage rate that saves her $700 a monthClick here for …
18 Million Americans Are House Poor, New Study Shows
CBS News, June 18, 2024-Kristopher J. BrooksMore than 18 million Americans are living in homes that stretch their budgets far beyond what’s considered financially healthy.Click here for more
Florida Homeowners Hit With Housing Market Double Whammy
Newsweek, June 21, 2024–Omar MohammedFlorida’s housing market is currently facing two key challenges—homes for sale that are staying in the market longer and buyers showing reluctance to enter a market …
These Cities Are Now So Expensive They’re Considered ‘Impossibly Unaffordable’
CNN, June 14, 2024–Hilary WhitemanAnyone with half an eye on the housing market over the last two decades will know that in many countries, not least the United States, it’s …
A Record Number of Homeowners Have No Mortgage. Here’s How it’s Shifting the Housing Market
Fast Company magazine, June 14, 2024–Meghan MalasNot only is 96% of mortgage debt in the U.S. fixed rate, but 38.5% of homeowners don’t have a mortgage at all.Click here for more
Insuring Vacation Property
The Housing Scene by Lew Sichelman, June 14, 2024People fortunate enough to own vacation properties likely insure their places just like they do their personal residences. But if they don’t …
Big Jump in Insurance Costs Strikes Condos
The Wall Street Journal, June 17, 2024-Nicole FriedmanBoard members of the Highland Park Community Association in Mission Viejo, Calif., braced last year for a rise in insurance costs.Click here for more
Homebuyers Take on ‘a Lot More Than a Mortgage Payment,’ Expert Says — ‘Hidden Costs’ Average $18,000 a Year
CNBC, June 11, 2024-Ana Teresa SoláIt’s no secret that buying a home has gotten more expensive in the U.S. But the cost of keeping and maintaining a home has gotten …
He Assesses Climate Risk on the Housing Market, and He Wants Your Attention
Marketplace.org, June 12, 2024–Amy Scott and Aleezeh HasanAs chief climate officer at Fannie Mae, Tim Judge assesses how climate change may affect housing and Fannie Mae’s huge mortgage portfolio.Click here for …