Top Headlines
The St. Joe Company Signs Two New Homebuilder Partnerships
St. Joe’s builder program now includes 19 builders. Continue Reading The St. Joe Company Signs Two New Homebuilder Partnerships
David G. Paulson to Become CEO at Federal Home Loan Bank of Pittsburgh
Paulson replaces Winthrop Watson, who announced his retirement in April. Continue Reading David G. Paulson to Become CEO at Federal Home Loan Bank of Pittsburgh
Massachusetts Lawmakers Drop Governor’s ‘Mansion Tax’ Proposal from Budget Bill
“I’m just glad to know that it’s out,” said Gov. Healey. Continue Reading Massachusetts Lawmakers Drop Governor’s ‘Mansion Tax’ Proposal from Budget Bill
James Noel Named President of Development at The Franklin Johnston Group
Noel joined TFJG in 2017 as senior vice president and general counsel. Continue Reading James Noel Named President of Development at The Franklin Johnston Group
NYC Reopens Section 8 Housing Wait List After 15-Year Closure
“Addressing our city’s housing crisis means using every tool our city has,” said Mayor Eric Adams. Continue Reading NYC Reopens Section 8 Housing Wait List After 15-Year Closure
Mortgage market slumps – is this the solution to boost business?
Source: MPA Mag --- Amid a sluggish housing market with a backdrop of inflation, marketing has gained heightened importance as brokers struggle to differentiate themselves in the industry. Now, one marketing expert offers advice on how to go about it. Natalie Mullen...
Mortgage Applications Increase After Dip in Mortgage Rates
Source: Mortgage Orb --- A decrease in mortgage rates resulted in mortgage application volume increasing 2.2% during the week ended November 18. According to the Mortgage Bankers Association’s Weekly Applications Survey, applications for refinances increased 2%...
FHFA Announces Increase Conforming Loan Limit to $726,200
Baseline Conforming Loan Limit Will Increase to $726,200 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In...
Are You Earning More in Your Savings Than What You’re Paying on Your Mortgage?
Source: The Ascent --- You'll often hear that it pays to pump extra money into your mortgage if you're able to do so. That way, you can pay off your home early and benefit from interest-related savings. But these days, some mortgage borrowers may be earning more...
In tough housing market, mortgage rate buydowns gain momentum
Source: Bankrate --- Amid higher mortgage rates and a cooling housing market, some home sellers are wooing buyers with a freshly popular incentive: paying for a temporary reduction to the buyer’s mortgage interest rate. Why are buydowns popular now? In one common...
Where tighter monetary policy hits homeowners hardest
Source:Axios --- As central banks around the globe rapidly raise interest rates, policymakers outside the U.S. may find they pack more punch in terms of curbing demand. The reason boils down to the unique way Americans finance their homes. Why it matters: Americans...
Why Owning Real Estate in Retirement Is a Good Idea
Source: Crossroads Today --- Owning rental real estate can be a good idea, no matter what age you are. But owning real estate in retirement can be extra advantageous because it can help you diversify your retirement income while also padding your retirement savings....
MLO recession survival guide Part 2: Buyers’ agents and underwater home sellers
Source: firsttuesday Journal --- Consumer mortgage originations plummet — so what now? The rapid mortgage interest rate hikes of 2022 caught homebuyers and sellers completely off balance. With prices toppling traditional sales volume and mortgage rates essentially...
Morgan Stanley slashes its U.S. housing market outlook—here’s where it sees the home price correction going in 2023
Source: Yahoo! --- On a national basis, home prices fell 1.3% between June and August. That marked the first decline measured by the lagged Case-Shiller National Home Price Index since 2012. It's more than just a small dip, it's a trajectory shift. At least that's...
High mortgage rates send homebuyers scrambling for relief
Source: KAGS TV --- LOS ANGELES — Mortgage rates are more than double what they were a year ago, so many homebuyers are looking for ways to put off some of the pain for a few years. The trend has driven adjustable-rate mortgages, or ARMs, to the highest usage in over...
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