Eight of the nation’s 20 most competitive markets for renting are in the Northeast according to a new report from RentCafe, with Northern New Jersey ranking as the most competitive market in the U.S.
Read More »Home Prices Breach Negative Territory
The average, median-priced home declined a bit more than 0.5%—the first annual drop recorded since 2012.
Read More »The Litigation Bully: Vexatious Litigation
Robert A. Riether Esq. takes a closer look at vexatious litigation, and its impact within the legal system in the states of Arizona and Nevada.
Read More »FDIC Taps Former Fannie Mae President Mayopoulos as CEO of SVB
Just days after closing the doors of SVB Financial Group, the FDIC names former Fannie Mae head to lead Silicon Valley Bank, a subsidiary of SVB Financial.
Read More »HUD Addresses Housing Goals in President’s 2024 Budget
With approximately $73.3 billion earmarked for HUD in 2024, the Department would make an investment in building affordable housing, expand access to homeownership, and address housing discrimination.
Read More »Defaults Expected to Rise, Yet Remain Manageable
“With prices beginning to decline in selected metro areas and many more to follow over the next couple years, mortgage lenders and investors will have to tighten underwriting standards and increase selectivity until house prices bottom,” said Dennis Capozza, Professor Emeritus of Finance in the Ross School of Business at the University of Michigan.
Read More »Median U.S. Asking Rents Rise Nearly 2% YoY
According to a new report from Redfin, the nationwide median asking rent inched upward just 1.7% in February, marking the smallest increase in nearly two years, and the lowest level in 12 months.
Read More »Fannie Mae Reportedly Postpones $500M-Plus Mortgage Bond Sale
Amid tumult in the securities market after last week’s disintegration of Silicon Valley Bank, the GSE informs investors it has postponed sale of mortgage bonds.
Read More »Housing Market 2023: Predictions and Strategies
With 2021 benefiting home sellers, Louis Amaya of PEMCO Capital Management details how the transition to a distinctly buyer-biased market is on the horizon.
Read More »CFPB Reports on Illegal Fees Levied by Mortgage Servicers
The Bureau’s new Supervisory Highlights report examines ways in which some mortgage servicers have attempted to run-up unlawful fees charged to homeowners.
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