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YOUNGER AMERICANS ARE BEING PUSHED OUT OF THE U.S. HOUSING MARKET
Source: Black Enterprise --- According to a national profile of homebuyers and sellers by the National Association of Realtors (NAR), American homebuyers are Whiter, older and wealthier. The New York Times reports the NAR added first-time homebuyers account for the...
Marry the House, Date the Mortgage Rate – Does It Work?
Source: Yahoo! --- The average U.S. rate for a 30-year fixed mortgage reached a 20-year high of 7.08% in the final week of October, more than doubling from a year earlier, according to Freddie Mac (FMCC). Homebuyers aren’t happy. On a $350,000 home loan, a mortgage...
CFPB Drops Enforcement Action Against Four Companies
Last week, the agency dismissed an enforcement its case against the fintech lender SoLo Funds. Continue Reading CFPB Drops Enforcement Action Against Four Companies
Trump’s Picks to Run FHFA, CFPB Pledge Agency Reform
While noting the need for consumer protection, McKernan stressed the CFPB had issues that needed to be addressed. Continue Reading Trump’s Picks to Run FHFA, CFPB Pledge Agency Reform
Mortgage Rates Decline Again
The 30-year fixed-rate mortgage averaged 6.76% as of Feb. 27. Continue Reading Mortgage Rates Decline Again
NAR’s Pending Home Sales Index Sinks to All-Time Low
The Pending Home Sales Index tumbled by 4.6% to 70.6, an all-time low. Continue Reading NAR’s Pending Home Sales Index Sinks to All-Time Low
Trump Sets April 14 Deadline for Agencies to Submit Office Relocation Plans
The impact of forcing the relocation of federal workers out of the Washington market is unclear. Continue Reading Trump Sets April 14 Deadline for Agencies to Submit Office Relocation Plans
Carter Multifamily Pays $37.7 Million for Community in Florida’s Space Coast
The property was formerly known as The Palm Bay Grand and will be rebranded to Mode at Melbourne. Continue Reading Carter Multifamily Pays $37.7 Million for Community in Florida’s Space Coast
Q4 Lending Down While Refinance Activity Rises
Lenders issued $568 billion worth of residential mortgages in the fourth quarter. Continue Reading Q4 Lending Down While Refinance Activity Rises
Urban League Leader Calls for GSE Privatization
Marc Morial predicted that ending the GSEs’ federal conservatorship could lead to more affordable homeownership and rental housing opportunities. Continue Reading Urban League Leader Calls for GSE Privatization
HUD Rescinds Obama-Era Fair Housing Rule
he first Trump administration terminated the AFFH rule in 2020 by claiming it “proved to be costly, complicated, and ineffective.” Continue Reading HUD Rescinds Obama-Era Fair Housing Rule
CBRE in Partnership on Electric Vehicle Charger Installations
CBRE will help match 3V with multifamily properties looking to provide residents with an EV charging amenity. Continue Reading CBRE in Partnership on Electric Vehicle Charger Installations
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