Subscribe to Email News Updates
Bank to pay $31M for avoiding mortgages to minorities, largest such settlement in U.S. history
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 the...
2023 Mortgage Forecast: Rates Expected to Decline
Source: US News --- Mortgage rates are widely expected to fall this year as inflation recedes and the U.S. economy prepares for the possibility of a modest recession, according to some of the nation's leading real estate economists. This comes after mortgage rates...
DeSantis warns over China real estate investments: ‘Gobbling up land’ not in Florida’s best interest
Source: Fox Business --- Florida Republican Gov. Ron DeSantis has sent a warning to Chinese investors to stay out of the Sunshine State and threatened to take additional action to drive out the Chinese Community Party’s (CCP) influence. "I applaud the governor's...
How and When Will Housing Rebound?
Source: NAHB --- NAHB Chief Economist Robert Dietz recently provided this housing industry overview in the bi-weekly e-newsletter Eye on the Economy. Housing data for the end of 2022 illustrate a market continuing to weaken because of low housing affordability,...
The Fed’s ongoing housing market ‘reset’ sees buyer cancellation rate at one of the nation’s largest homebuilders spike to 68%
Source: Yahoo! --- Speaking to reporters in September, Fed Chair Jerome Powell was asked to clarify what he meant when he said spiking mortgage rates would cause a housing "reset." The meaning, he said, was that the U.S. housing market would slip into a "difficult...
US real estate market in ‘big trouble,’ expert warns
Source: Fox Business --- As the Federal Reserve continues its hawkish market reset – which has contributed to a rise in interest and mortgage rates – real estate experts are sounding the alarm that "big trouble" lies ahead for the U.S. market. "When you have a rise...
Recent Posts
Former Arizona Shopping Center Site to Become Affordable Housing Complex- Turnbridge Equities Begins Leasing at New Raleigh-Area BTR Community
- Illinois Home Sales Up in June While Chicago Home Sales Decline
- Mortgage Rates Rise for Third Straight Week
- Harvard Forecast Points to Slowing in Remodeling Market
