The U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae are co-hosting a summit focusing on the impact of mortgage market liquidity on Americans’ access to affordable homeownership. The Mortgage Market Resilience and Access to Credit Summit...
The Federal Housing Finance Agency (FHFA) issued a notice of proposed rulemaking on Federal Home Loan Bank (FHLBank) Unsecured Credit Limits. According to a statement from the FHFA, the proposed rule is designed to “improve the FHLBanks’ ability to provide liquidity...
Trying to find parking in New York City can be a challenge, but one condominium is offering its residents a chance to buy their own subterranean parking space – for $500,000. The New York Post reported the residents of 150 Charles St. in Manhattan are being given the...
Only 25 out of every 1,000 homes, or 2.5%, changed hands in the first eight months of 2024, the lowest turnover rate in the past 30 years, according to a new data report from Redfin (NASDAQ: RDFN). The new data analysis determined that existing home sales were similar...
China announced a shift in its housing policy to allow homeowners to refinance their mortgages. The Wall Street Journal reported the People’s Bank of China, the nation’s central bank, will allow borrowers to negotiate with lenders to refinance their home loans using...
The real estate investment trust Simon Property Group (NYSE: SPG) has rolled out a new marketing campaign to bring consumers back to its shopping malls. The campaign, dubbed “Meet Me @themall,” seeks to reach different generations by tapping into nostalgia...
Hits and Misses for the Real Estate Week of May 11-15
