Real Estate Market Highlights and Challenges for the Week of November 17-21
Explore the affordability challenges in rural America, the homeownership aspirations of Canadian and American renters, and Arkansas realtors' community efforts.
St. Louis Establishes Fund to Support Displaced Renters and Tenants
Discover St. Louis' new fund providing one-time rental assistance to eligible tenants, aligned with federal fair market rates for displaced renters.
Pittsburgh Offers Affordability While Austin’s Inventory Increases
Pittsburgh remains a leading affordable major metro, showcasing a median list price of $240,000, appealing to private lenders seeking investment opportunities.
FOA outlines forthcoming actions following PHH reverse asset acquisition.
FOA plans to absorb PHH’s $9.6B HECM portfolio amid its exit from reverse mortgages, outlining strategies to navigate upcoming industry changes.
Wealthfront enters the mortgage industry with new offerings.
Wealthfront introduces early access to Wealthfront Home Lending, signaling a significant shift in private lending opportunities and potential market dynamics.
DeSantis Declares Age-Specific Property Tax Relief as Unfeasible
Explore the implications of proposed tax relief for homestead properties, focusing on benefits for young families and the broader real estate market.
Rising Costs and Housing Affordability: Key Concerns for Real Estate Firms
Study reveals 38% of industry professionals anticipate enhanced profitability in 2025, up from 30% in 2023, indicating a positive outlook for private lenders.
Trump nominates Stuart Levenbach from OMB to head the CFPB.
President Trump's nomination of Stuart Levenbach as CFPB director could impact regulatory changes for private lenders and the mortgage industry landscape.
REX requests the Supreme Court to revisit its case for consideration.
REX has filed a petition with the Supreme Court seeking a review of the denial of its certiorari writ, potentially impacting private lending practices.
Mortgage Rates Stabilize Amid Growing Debate Over Fed Rate Cuts
Mortgage rates average 6.38% as pending home sales rise by 15% year over year, prompting markets to anticipate potential cuts from the Fed.