Top Headlines
Angela Cain Named Global CEO at Urban Land Institute
She succeeds Ron Pressman, who retired last October. Continue Reading Angela Cain Named Global CEO at Urban Land Institute
NAR Supports New Biden Plan on Addressing Housing Affordability
NAR’s Chief Advocacy Officer Shannon McGahn met with White House officials last week. Continue Reading NAR Supports New Biden Plan on Addressing Housing Affordability
Florida Real Estate Broker Pleads Guilty for Disability Payment Fraud
Allen R. Jenkins could face up to 10 years in federal prison. Continue Reading Florida Real Estate Broker Pleads Guilty for Disability Payment Fraud
Bryan Cranston Lists NYC Apartment for $3.5 Million
“Sometimes you just have to recognize when it’s time to move on,” said Cranston about the listing. Continue Reading Bryan Cranston Lists NYC Apartment for $3.5 Million
Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan
This plan shuts down efforts by WeWork co-founder and former chief executive Adam Neumann to regain control of the company. Continue Reading Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan
Current State of the Housing Market
Source: Calculated Risk --- ...We are seeing a clear slowing in the housing market, with more price reductions, more inventory, and fewer sales. It will take some time to see the impact on house price growth, but that is coming too. Next week, existing home sales will...
Slowdown in Single-Family Permits in May 2022
Source: Eye on Housing --- Year-to-date ending in May, single-family permits declined in three out of the four regions. The South posted a moderate increase of 1.0% while the Northeast region reported the steepest decline of 11.7%. The Midwest declined by 11.2% and...
Home loan size retreats from record as mortgage application demand cools
Source: Fox Business --- The average size of a home purchase loan has pulled back from its record high as demand for mortgage applications fell for the second straight week. According to the Mortgage Bankers Association, the average purchase loan size fell to...
Builders Weigh-in on House Ways and Means Committee Hearing on U.S. Housing Crisis
Source: World Property Journal --- The National Association of Home Builders chairman Jerry Konter issued the following statement in response to this week's House Ways and Means Committee Hearing, Nowhere to Live: Profits, Disinvestment, and the American Housing...
Should I Buy a Home Right Now?
Source: Keeping Current Matters --- If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you...
Five things to know about the next US housing crisis
Source: Aljazeera --- As real estate in the United States remains strong despite rising interest rates, market analysts interviewed by Al Jazeera predict that the next housing crisis will centre around Americans locked out of homeownership. “That’s our big problem...
Is a 40-Year Mortgage a Good Idea?
Source: US News --- The most common mortgage loan terms are 15 and 30 years, but if you need a lower monthly payment, a 40-year mortgage may be an option. While this longer loan payoff period could reduce your mortgage payment and bring home affordability within...
Mortgage Giant Cuts Thousands Of Jobs—Warns Of ‘Accelerated’ Downturn As Housing Market Abruptly Collapses
Source: Forbes --- Mortgage originator loanDepot on Tuesday unveiled a plan to cut thousands of jobs and reduce costs “significantly” as higher interest rates sink mortgage demand—becoming the latest company to warn that the housing market is due for a steeper...
Mortgage Rates Edge Back Down. More Volatility Looms
Source: Mortgage News Daily --- Mortgage rates moved sharply higher last week relative to where they ended the previous week. In the 3 weeks before that, rates fell at one of the fastest paces on record, largely because the starting point was the highest level since...
Should I wait for real estate prices to crash before I buy a house? Here are 3 simple reasons why this housing downturn is nothing like 2008
Source: Yahoo Finance --- Two years in, this decade has already brought a global pandemic, record-setting inflation, rising interest rates and a country more divided than ever before. So why not a housing crash too? Americans who lived through the 2008 crisis may be...
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