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Spike in lumber and land prices causes homebuilder confidence to fall from epic high
The rising costs of getting homes built is making builders less optimistic. Read Article
Weekly mortgage refinance demand drops 5% after rates hit highest level since November
Several weeks of rising rates are dousing what was incredibly high demand for refinancing, according to Mortgage Bankers Association data. Read Article
Biden looks to give a big boost to homebuyers and builders
President-elect Joe Biden's housing agenda is focused on affordability. Changes to mortgage lending and home construction will be key. Read Article
How Miami Mayor Francis Suarez is luring tech players from Silicon Valley and New York
Suarez's schedule and phone have blown up since he accidentally launched a Twitter campaign to make Miami the latest innovation hub in early December. Read Article
Manhattan apartment rentals nearly doubled in December
"It's a baby step in the right direction," said Jonathan Miller, CEO of appraisal and research firm Miller Samuel. "The metrics are still very weak." Read Article
New York City may turn vacant retail space into Covid testing sites, says real estate mogul
Converting vacant retail space into rapid testing sites could help people feel comfortable going back to restaurants, real estate executive William Rudin said. Read Article
Mortgage refinance demand spikes 20% as borrowers fear missing out on record-low rates
After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb. That lit a fire under borrowers hoping to refinance. Read Article
How this couple paid off their $195,000 mortgage in under 4 years
Andy and Nicole Hill bought a 2,600-square-foot home just outside of Detroit at the end of 2013. They paid it off in November 2017. Read Article
Climate change has cost the U.S. billions of dollars in flood damage, study finds
Extreme rainfall fueled by climate change has caused nearly $75 billion in flood damage in the U.S. in the past three decades, a new study shows. Read Article
Op-ed: Reform our bankruptcy laws before a tsunami of Covid debt comes due
When collection moratoria end, there will be a tsunami of foreclosures, evictions, and collection actions, writes Georgetown University Law Professor Adam J. Levitin. Read Article