On December 17, the CFPB issued the Residential Property Assessed Clean Energy (PACE) Financing final rule. The final rule: (1) clarifies that voluntary tax assessments and liens – including PACE financing – are considered extensions of...
Read MoreThe Wall Street Journal reports that the construction industry may face challenges due to President Elect Trump's potential immigration and trade policies. Deportations and trade tariffs, particularly on materials from Mexico and Canada, could lead...
Read MoreThe New York Times writes that mortgage rates have fluctuated in recent months and now stand at 6.79%. While many homebuyers had hoped for further rate cuts from the Federal Reserve, uncertainty about future cuts has...
Read MoreThe Wall Street Journal reports that there was a significant increase in the supply of apartments over the past two years that resulted in higher vacancy rates. However, vacancy rates appear to be coming down owing to...
Read MorePolitico writes that Vice President Kamala Harris and Senator JD Vance (R-OH) are citing corporate investors responsible for the U.S. housing affordability crisis. In response, Harris has proposed limiting tax deductions for those owning 50 or...
Read MoreThe Federal Housing Finance Agency (FHFA) has issued a proposal to scale back capital requirements on interest-bearing deposit accounts for the Federal Home Loan Banks (FHLBs). This would allow FHLBs greater flexibility to manage liquidity during periods...
Read MoreThe FHFA released the July House Price Index which found that U.S. home prices rose by 0.1% during the month of July and 4.5% year-over-year. Read More
Read MoreIn a speech at the National Housing Conference on September 9, CFPB Director Rohit Chopra discussed plans to promote mortgage refinancing in a lower-interest rate environment. The plan would include monitoring the role of artificial...
Read MoreAs the office real estate market continues to struggle with high vacancy rates and falling property values, policymakers are considering tax incentives to encourage office-to-housing conversions. A bipartisan bill from the House would provide a...
Read MoreDemocratic Presidential candidate Kamala Harris announced a plan which seeks to address the current U.S. housing shortage by adding three million more homes and apartments. Harris’s plan incentivizes private-sector construction, provides subsidies for home builders...
Read MoreThe Federal Reserve Bank of New York noted a recent boost in home equity line of credit (HELOC) borrowing that it attributes to the mortgage rate lock-in effect. The study finds that 1.3 million HELOCs...
Read MoreThe FHFA released the latest House Price Index, which found that U.S. home prices were unchanged in May. Home prices remain 5.7% higher from May 2023 to May 2024. Read More
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