The New York Times, Feb. 8, 2024-Jeanna SmialekGraceful art-deco buildings towering above Chicago’s key business district report occupancy rates as low as 17 percent.Click here for more (subscription)
Category: Top National News
Yellen Sees More Commercial Real Estate Stress, Losses, but No Systemic Banking Risk
Reuters, Feb. 8, 2024-David LawderU.S. Treasury Secretary Janet Yellen said on Thursday that she expects additional bank stress and financial losses from weakness in the commercial real estate market but …
More Americans Can’t Afford Their Mortgages
Newsweek, Feb. 8, 2024-Alexandar FabinoDespite the declining rates and the robust economy that characterized the U.S. during the fourth quarter, the Federal Reserve’s pursuit of lower inflation has proven to …
Household Debt Reached $17.5 Trillion in Q4 2023
Weekly Real Estate News, Feb. 7, 2024–Phil HallU.S. household debt increased by $212 billion (1.2%) during the fourth quarter of 2023 to reach a total of $17.5 trillion, according to …
Homeowners Are Refinancing Mortgages as Rates Stabilize
Newsweek, Feb. 7, 2024-Omar MohammedRefinancing activity rebounded for the week ending February 2 after declining the previous week, as mortgage rates stabilize in the under-7 percent level, contributing to a …
Weekly Mortgage Demand From Homebuyers Is Flattening as Interest Rates Rise
CNBC, Feb. 7, 2024-Diana OlickMortgage demand is struggling to contend with what appears to be another upswing in interest rates. Homebuyers in particular are pulling back.Click here for more
U.S. Banks See Loan Demand Rising in 2024, Fed Survey Shows
Reuters, February 5, 2024–Ann Saphir, Howard SchneiderU.S. banks anticipate an increase in demand for loans as interest rates fall this year, even as they further tighten credit standards on some …
Proposed Bank Capital Rules Threaten US Real Estate Financing, MBA Chief Says
Bloomberg, February 12, 2024–Diana LiThe head of one of the largest mortgage trade groups in the U.S. said proposed rules on bank capital levels have the potential to upend the …
Proposed Bank Capital Rules Threaten US Real Estate Financing, MBA Chief Says
Bloomberg, February 12, 2024–Diana LiThe head of one of the largest mortgage trade groups in the U.S. said proposed rules on bank capital levels have the potential to upend the …
Housing Market Predictions for the Year Change
Newsweek, Feb. 5, 2024-Omar MohammedA strong jobs market and the Federal Reserve’s signal that it is likely to hold rates but cut at some point during the year sets up …