MBA calls for policy changes to lower housing costs
Introduction: In this article, I’ll explore the influential factors that play a crucial role in the approval of a home loan. Obtaining a home loan is a significant step towards achieving the dream of homeownership, but the process can be intricate and demanding. Lenders carefully evaluate numerous factors before granting approval, ensuring that borrowers…
As fixed rates near their highest level of 2026, brokers are fielding more inquiries from borrowers seeking a lower entry-point rate without leaving the market altogether. Joel Kan, vice president and deputy chief economist at the Mortgage Bankers Association, says higher rates are dampening both refinance and purchase activity, with first-time and FHA borrowers…
Pickleball remains the fastest-growing sport in the U.S., and its real estate footprint is growing with it. Two pickleball leases ranked among New York City’s largest retail deals last month, alongside a mix of fitness and apparel tenants. But neither claimed the top spot. 1) Chelsea Piers Fitness | 250 Water Street | Seaport |…
The second iteration of the opportunity zone program, which offers tax breaks for developments in certain census tracts, will be set in stone by the end of the year. Governors are now preparing to submit their proposed maps for which cities, towns and neighborhoods will benefit from the program to the Treasury Department by a Sept. 28…
Moviegoers flocked to theaters this summer to see Christopher Nolan’s film adaptation of “The Odyssey.” And for many fans, it wasn’t enough just to see the movie; they had to see it in Imax. The movie is the first that was shot entirely on Imax film, known for its high-quality picture that, when shown on…
Meanwhile, 63% of builders deployed some form of sales incentive, a proportion that has barely moved in months. “Our latest builder survey continues to show signs of weakness in the home building market,” said NAHB Chief Economist Robert Dietz. “August marked the 16th straight month that at least 30% of builders reported cutting prices to support…