Source: SP Global —Â Across the U.S., cities and states are planning incentives for converting offices to homes to alleviate a housing shortage and address rising office vacancies, Axios reported. The state of California is allocating $400 million of its 2023...
Source: Forbes — The average rate on a 30-year fixed mortgage is 6.98%, according to Bankrate.com, while the average rate on a 15-year mortgage is 6.09%. On a 30-year jumbo mortgage, the average rate is 7.02%, and the average rate on a 5/1 ARM is 5.11%. Today’s...
Source: The Guardian — Almost 1,000 mortgage packages were pulled overnight from the British market as panic seeps into the housing market in the wake of Kwasi Kwarteng’s mini-budget. Moneyfacts, which monitors the sector, said 935 out of 3,596 mortgage...
Source: Tip Ranks —Â The U.S. housing market is locked in a paradox of sorts. Homebuilders have too many unsold properties in hand now, but the U.S. is still suffering from a housing shortage. The only apparent way to bring an equilibrium is for homebuilders to...
Source: The Cryptonomist — The most useful feature of the housing market is that it is an excellent thermometer for the country’s economy. It anticipates what will be, so when the market concerned is the American market, which is 25% of the planet’s economy,...
Source: Attom Data — There are two complaints about the traditional real estate process; it can be somewhat slow and costly. Unreal Estate aims to change all that by bringing real estate into the 21st century. They’re shaking up the industry by digitizing...
Trump Taps Matt Jones to Lead FHA as Mortgage Policy Enters a High-Stakes T…
