The leadership of the Mortgage Bankers Association, the National Association of Home Builders and the National Association of Realtors have sent a joint letter to Federal Reserve Chairman Jerome Powell warning that the central bank’s policy of rate hikes is creating...
The California Association of Realtors (CAR) announced the allocation of an additional $500,000 from its Housing Affordability Fund (HAF) to be used for closing cost assistance by eligible first-time California homebuyers from underserved communities. Under the...
The pressure from elevated mortgage rates drove down the Home Purchase Sentiment Index in (HPSI) last month, according to Fannie Mae (OTCQB:FNMA). Last month’s HPSI sank by 2.4 points to 64.5, with five of the HPSI’s six components decreasing month-over-month,...
Glen Allen, Virginia-based Capital Square has formed a joint venture partnership with Japan’s Itochu Corp. to acquire Creekside Terrace, a 100-unit build-for-rent (BFR) single-family community near San Antonio, Texas, that is currently being developed by Pulte Homes...
RC Homes announced the grand opening of The Dawson, a new gated townhome community in Long Beach, California. The Dawson is located in the city’s historic Rose Park neighborhood and consists of three-story townhomes with two-car garages, private rooftop decks, and...
While mortgage application activity has been in decline recently, at least one high-profile bucked the trend and took out a home loan for their new residence. The U.S. Sun reported that Jennifer Lopez and Ben Affleck received a $20 million mortgage on their new $61...
Hits and Misses for the Real Estate Week of May 11-15
