Home Equity Lending News, Jan. 12, 2024A Federal Reserve advisory council has expressed some concern about risk on newly originated home-secured credit lines and closed-end seconds. But while some local …
Category: Top National News
Nearly 9 in 10 U.S. Homeowners Have Mortgage Rate Below 6%: Report
The Hill, Jan. 12, 2024-Julia ShaperoNearly 9 in 10 U.S. homeowners have a mortgage rate below 6 percent, according to a new report from the real estate company Redfin.Click here for …
Average Senior Housing Cap Rate Inches Up
GlobeSt, Jan. 2, 2024-Richard BergerThe average senior housing cap rate increased by 74 bps between April and October with non-core Class C Memory Care assets experiencing the highest increase, up …
Trade Groups Push for FY 2024 Funding of FHA and Ginnie Mae
A coalition of seven industry trade groups have sent a letter to the Chairs and Ranking Members of the House and Senate Transportation, Housing and Urban Development (THUD), and Related …
HELOC Outlook Strong at Non-Banks, Weak at Banks
Home Equity Lending News, January 3, 2024–Angela RoseNon-bank originators of home-equity lines of credit enjoyed an expansion in the third quarter and are anticipating the same this year. But at …
With Credit Card Debt Rising, Homeowners Can Borrow to Ease Payment Pain
Orange County Register, Jan. 5, 2024–Jeff LazersonMortgage rates are falling as household debt is climbing.As of Jan. 4, the Freddie Mac 30-year fixed sat at 6.62, 1 basis point higher …
Demolishing Homes That Sustain Hurricane Damage Can Improve Local Economy
Scientific American, Jan. 5, 2024-Thomas Frank and E&E NewsLocal property values and business development increased after a large government program was used to purchase flood-damaged homes in the wake of …
Buying Home and Auto Insurance Is Becoming Impossible
The Wall Street Journal, Jan. 8, 2024-Jean EagleshamAfter Allstate suffered billions of dollars in losses and failed to get the rate increases it wanted, it resorted to the nuclear option.Click …
Chill in the Housing Market Seeps Into Other Industries
The New York Times, Jan. 1, 2024-Martha C. WhiteJohn Matheson, a home inspector in Alameda, Calif., kept busy during the pandemic when the housing market was red hot. But as …
Investor Appetite for Retail Real Estate Is Heating Up Again
The Wall Street Journal, Dec. 19, 2023-Kate KingBig investment firms that have shunned retail real estate for years are giving the sector a fresh look, the latest sign that this …