U.S. Housing Market
New Venture Plans to Tokenize Manufactured Home Loans On-Chain
ETHZilla will acquire a 15% fully diluted ownership stake in Zippy for $5 million in cash and $14 million in shares of common stock. Continue Reading New Venture Plans to Tokenize Manufactured Home Loans On-Chain
Pittsburgh City Councilor Proposes 30% Property Tax to Close ‘Budgetary Gaps’
“This is something no elected official wants to do, but it is the responsible thing to do,” Councilor Barbara Warwick said in a statement. Continue Reading Pittsburgh City Councilor Proposes 30% Property Tax to Close ‘Budgetary Gaps’
Report: Cash-Out Refinances Fuels Most Refinancing Activity
The report also found tappable equity hit another record high during the second quarter. Continue Reading Report: Cash-Out Refinances Fuels Most Refinancing Activity
Louis CK Cuts Price Nearly in Half on Shelter Island Estate Listing
The three-story, Tudor-style 5,300-square-foot residence on a 2.02-acre property was built in 1901. Continue Reading Louis CK Cuts Price Nearly in Half on Shelter Island Estate Listing
Hits and Misses for the Real Estate Week of Aug. 4-8
An unwelcome package in the mail, another retailer declaring bankruptcy, and an unlikely new officer at a tenants’ right nonprofit. Continue Reading Hits and Misses for the Real Estate Week of Aug. 4-8
A NYC Market-Rate Rental on a Median Income? Fuhgeddaboudit!
Asking rents in March averaged $3,344, a new record. Continue Reading A NYC Market-Rate Rental on a Median Income? Fuhgeddaboudit!
Spotlight On: FHFA’s Proposed Rulemaking on Fair Lending Oversight
“The way I look at it, there are a lot of things about this rule that need to be changed,” said The Lincoln Institute’s Jim Gray. Continue Reading Spotlight On: FHFA’s Proposed Rulemaking on Fair Lending Oversight
The 30-Year Fixed-Rate Mortgage Inches Up Again
“Rates should gently decline over the course of 2023,” said Freddie Mac Chief Economist Sam Khater. Continue Reading The 30-Year Fixed-Rate Mortgage Inches Up Again
Pending Home Sales Down for First Time in Four Months
“The lack of housing inventory is a major constraint to rising sales,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Down for First Time in Four Months
Wells Fargo Teams with T.D. Jakes on Community Revitalization Endeavor
“We look forward to seeing the meaningful difference we’ll make together in communities across the country,” said Charlie Scharf, CEO of Wells Fargo. Continue Reading Wells Fargo Teams with T.D. Jakes on Community Revitalization Endeavor
Profit Margins on Home Sales Down 44.2% During Q1
This marked the third straight quarterly decrease nationwide and resulted in the lowest investment return since mid-2021. Continue Reading Profit Margins on Home Sales Down 44.2% During Q1
Mortgage Delinquency Rate Remains Near Record Low
No state posted an annual increase in overall delinquency rates in February. Continue Reading Mortgage Delinquency Rate Remains Near Record Low
MBA: Mortgage Application Payments Up 1.6% to $2,093 in March
The national PAPI rose to 171.5 in March from 168.9 in February, a record high. Continue Reading MBA: Mortgage Application Payments Up 1.6% to $2,093 in March
Guest Opinion: Can Solar Tax Credits Help Make Housing More Affordable?
Many states offer their own state tax credits for solar installs that work in tandem with the federal-level credit. Continue Reading Guest Opinion: Can Solar Tax Credits Help Make Housing More Affordable?
MBA: Mortgage Applications Up 3.7%
The seasonally adjusted Purchase Index increased 5%. Continue Reading MBA: Mortgage Applications Up 3.7%
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