Top Headlines
Report: CFTC Commissioner to be Nominated as FDIC Leader
Christy Goldsmith Romero would replace Martin Gruenberg. Continue Reading Report: CFTC Commissioner to be Nominated as FDIC Leader
Federal Reserve Keeps Rates Intact
The Fed added it would “continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities.” Continue Reading Federal Reserve Keeps Rates Intact
Farmer Mac Completes $308 Million Securitization of Agricultural Mortgage Loans
President and CEO Brad Nordholm said, “Farmer Mac remains committed to developing a vibrant and liquid AMBS market.” Continue Reading Farmer Mac Completes $308 Million Securitization of Agricultural Mortgage Loans
Tim Ayres Named New Chairman for British Columbia Real Estate Association
The Sooke-based realtor has been on the BCREA board since 2020. Continue Reading Tim Ayres Named New Chairman for British Columbia Real Estate Association
Rep. Adam Schiff Offers Bill to Convert Government Buildings into Affordable Housing
The bill was praised by National Association of Realtors President Kevin Sears. Continue Reading Rep. Adam Schiff Offers Bill to Convert Government Buildings into Affordable Housing
Utah’s housing market is tough, but those with disabilities face additional barriers, advocates say
Source: Deseret News--- He said he hadn't known he could find assistance through his military benefits. The clinic restored him to health, but the help didn't end there. Another veteran got him approved for an apartment with a voucher, Ware said. Without the help,...
A more “normalized” housing market is on the horizon: NAR
Source: Housing Wire --- For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. Only the northeast region saw an...
US home prices rose by nearly 20% year-over-year in February
Source: CNN --- Prices rose 19.8% year-over-year in February, an even higher rate than the 19.2% growth seen in January, according to the S&P CoreLogic Case-Shiller US National Home Price Index. Phoenix, Tampa and Miami reported the highest year-over-year gains...
Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns
Source: Fox Business --- Billionaire real estate developer Jay Bloom warned consumers Thursday the housing industry is getting hit by the "perfect storm." "We're in the middle of a real estate boom like we haven't seen in the past," Bloom told "Cavuto: Coast to...
Pandemic Homebuyers Flocked to the Sun Belt for Better Prices. Now, You’ll Need 40% More Income to Afford a Home There.
Source: Redfin ---Homebuyers in nearly every part of the country have felt the impact of surging housing prices since the start of the pandemic—but especially those in the Sun Belt, which has seen costs skyrocket even more than other areas as out-of-towners flock in....
Housing Market Update: Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record
Source: Redfin --- The typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. Redfin’s data on homebuyer mortgage payments is based on asking-price data...
Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns
Source: Fox Business --- Billionaire real estate developer Jay Bloom warned consumers Thursday the housing industry is getting hit by the "perfect storm." "We're in the middle of a real estate boom like we haven't seen in the past," Bloom told "Cavuto: Coast to...
The odds of a home price decline hitting your local housing market, as told by one interactive chart
Source: Fortune --- Fed Chair Jerome Powell has made it clear: The central bank is done sitting on the sidelines as inflation chips away at the value of the dollar. The plan? Put upward pressure on interest rates until price growth relents. Historically speaking, that...
Blazing Your Own Trail
Source: Scotsman Guide --- Securing a mortgage for commercial real estate can be a complex and time-consuming process. It is challenging for borrowers who need financing for their projects to decide whether to use the capital-markets team offered by the same company...
Adjustable-rate mortgage demand doubles as interest rates hit the highest since 2009
Source: CNBC --- Mortgage rates moved even higher last week, crashing refinance demand and prompting potential homebuyers to apply for riskier loan products which offer lower rates. Total mortgage application volume fell 8.3% last week compared with the previous week,...
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