The Biden administration is looking to restore an Obama-era rule that requires states, counties, and cities receiving federal housing funds to submit “equity plans” to ensure that residential “segregation” within their borders are uprooted—a decision that runs contrary to the Trump administration’s policy that found the rule to be ineffective and complicated. The U.S. Department…
Biden Seeks to Bring Back Obama-Era Rule on ‘Fair Housing’ Rescinded by Trump
January 21, 2023
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Mortgage Rates Decline to Lowest Level in Four Months, 2023 Recession ‘Still an Issue’
January 20, 2023
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Business & Marketseconomic recessioneconomyfalling home salesFed Rate Hikehigh inflationhousing supplymortgage ratesreal estateUSUS Real Estate
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U.S. mortgage rates for 30-year fixed-rate loans have fallen to their lowest in four months amid a slowdown in the pace of interest rate hikes by the Federal Reserve and a decrease in home sales last year, with some experts predicting the easing down of mortgage rates to be the trend for 2023. The average…
Nevada Has Worst Housing Crisis in the Nation: Study
January 18, 2023
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Nevada has the least affordable housing in the country, according to an analysis by several organizations based on data from the United States Department of Housing and Urban Development (HUD). HUD describes affordable housing as housing on which the occupant pays no more than 30 percent of gross income for housing costs, including utilities. When…
Moving in the Dead of Winter? A New Study Finds It’s the Best Time for Bargains
If you live in the Northeast or Midwest, the last thing you might want to do is head out in the freezing cold looking for a new apartment. However, a new study by Dwellsy indicates January and February are actually the best months of the year to secure discounts on rentals as well as moving…
What Is Real Estate Project Finance?
January 13, 2023
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Finding finance for real estate projects can be a challenging process, but it is an essential step toward ensuring the success of the project. There are various finance methods available, and it is important to carefully consider all options to determine which specific method suits your investment goals and financial situation. Here we discuss the…
Record Rental Evictions: Florida Lawmaker Blames Corporations, Economy Expert Blames Government Policy
January 12, 2023
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Business & MarketseconomyFloridaLocal NewsMarketsPolicies & Impactsreal estateRegional-Local NewsRental EvictionsSocial IssuesUSUS FeaturesUS NewsUS Real Estate
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As eviction rates climb across the United States, one Florida lawmaker blames corporate buy-ups of homes in low-income housing areas. However, an economist with the Heritage Foundation blames government policy. Data collected through a 2022 U.S. Census Bureau survey from March 30 to April 11 showed that about 35 percent of respondents were “very” or “somewhat” likely…
Mortgage Buy-downs—A New Trend for 2023?
January 9, 2023
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With interest rates currently hovering around 7 percent, many lenders across the country have seen a resurgence of the mortgage buy-down—a plan that allows potential homeowners to save money on monthly mortgage payments. The National Association of Mortgage Brokers (NAMB) describes a mortgage buy-down as a type of financing that provides lower interest rates for…
Mortgage Demand Drops to Lowest Level in 26 Years as Housing Market Slump Continues
January 5, 2023
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Mortgage demand has fallen in the past two weeks to its lowest level since the 1990s as elevated mortgage rates and fears of a recession take a toll on the market, according to latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, which measures the volume of mortgage loan applications, fell 13.2…
Home Sales Plunge Over 30 Percent in Biggest Drop on Record: Redfin
January 3, 2023
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Business & Marketseconomyhome prices fallhomebuyer demandluxury homesnon-luxury homesreal estateU.S. home salesUSUS Real Estate
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Sales of luxury and non-luxury homes fell by more than 30 percent in the three months ended Nov. 30, with price growth nationwide slowing down, among which Californian metropolitan areas saw some of the biggest sales declines, according to real estate brokerage Redfin. Luxury home sales fell by 38.1 percent during the period year over…
Over 10 Million Seniors Still Saddled With Monthly Mortgage Payments: Report
More than 10 million people across the United States aged 65 and older are still paying off their home mortgages, even into retirement years, a new report from Lending Tree indicates. Lending Tree, an online loan marketplace for mortgages, small businesses, and other loans, analyzed the latest U.S. Census Bureau data to review the share…
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