Mary C. Daly is president and CEO of the Federal Reserve Bank of San Francisco. This article is adapted and edited from a recent presentation made at the 2024 National Interagency Community Reinvestment Conference in Portland. No matter where I go or who I talk to...
Mortgage applications were down slightly in the latest data from the Mortgage Bankers Association (MBA) covering the week ending March 29. The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 0.6% on a seasonally adjusted...
Millennials and baby boomers are the dominant forces in the U.S. housing market, according to the National Association of Realtors’ (NAR) newly published “2024 Home Buyers and Sellers Generational Trends Report.” Millennial buyers accounted for 38% of buyers, the...
According to a new data report that will not be welcome by those seeking to buy existing homes, more than three-quarters (78%) of older homeowners plan to stay in their current home as they age. A new survey of 3,000 homeowners and renters by Redfin (NASDAQ: RDFN),...
The U.S. recorded a new high of 550 “million-dollar” cities — where the typical home is worth $1 million or more — according to a data analysis by Zillow (NASDAQ:Z, ZG). This is 59 more from 2023. Zillow noted the typical U.S. home is worth 4.2% more than...
BCB Bancorp Sells $205.3 Million in Problem Loans, Takes $43.3 Million Loss
