Source: Forbes — 13 January: Higher Payments And Deposits Making Ownership More Difficult Monthly mortgage payments are taking a larger bite out of typical first-time buyer household outgoings, writes Laura Howard. Monthly mortgage payments now account for 39%...
Source: PBS — NEW YORK (AP) — The Justice Department accused Los Angeles-based City National Bank on Thursday of discrimination by refusing to underwrite mortgages in predominately Black and Latino communities, requiring the bank to pay more than $31 million in...
Source: The Week — Amid peaking prices due to inflation and murmurs of an upcoming recession, you might be wondering: What’s up with the housing market for 2023? Mortgage rates started to decline in the final weeks of 2022, and demand for housing is...
Source: Seeking Alpha — Summary The main determinants of housing demand in the short run are the level and direction of mortgage rates and the strength of the job market. Homebuilders have responded to the drop in new home sales by reducing housing starts, and...
Source: Urbanland — The real estate industry’s momentum on climate action only continues to grow as the new year begins, as demonstrated by the newly released ULI Global Sustainability Outlook 2023 report. At the same time, macroeconomic uncertainties, properly...
Source: Forbes — Key takeaways Mortgage demand for purchases is down 41% year-over-year, and refinance demand is down 84% year-over-year. Housing prices are higher than a year ago, and experts believe they will continue to climb overall, with some areas seeing...
New Hampshire Contractor Has Assets Frozen After Being Caught Selling a Non…
