A weekend topic starting with the Los Angeles Times. "The high cost of housing is driving Southern California’s biggest challenges. Income is not keeping pace with housing costs. It hasn’t for at least two generations. There’s a metric called 'housing…
A report from Bank Rate. "'We simply don’t have enough inventory,” said Lawrence Yun, National Association of Realtors chief economist. 'Will some markets see a price decline? Yes. [But] with the supply not being there, the repeat of a 30…
A holiday topic starting with the Dallas Morning News in Texas. "In 2021 the city’s office of homeless solutions launched an initiative to house 6,000 individuals, and despite the aggressive plan and $72 million, the office’s director said she doesn’t…
A weekend topic starting with Deseret News in Utah. "These days, just about anywhere along the Wasatch Front you can find workers building houses, pounding nails into wood-framed structures, installing sheet rock or putting finishing touches on homes designed to…
A report from the American Statesman in Texas. "The receiver for struggling Austin developer StoryBuilt is asking investors for $2.5 million in new funding as the company attempts to avoid a financial meltdown. The request was made during an online…
A report from the San Antonio Report in Texas. "Almost two years after announcing that Frost Bank would offer home loans again, that new department is 90 people strong and has just begun rolling out three mortgage products in San…
A report from Yahoo Finance. "Thirty-year mortgage rates cross over 7 percent as elevated rates and affordability woes squeeze homebuyers out of the market. 'Right now the mortgage rates are touching that cyclical high level, I don't think it will…
A report from the Wall Street Journal. "Sheila Smith was set to get a mortgage for about $750,000 to buy an investment property in Sedona, Ariz., earlier this year. The lender, a regional bank, offered a starting interest rate of…
A report from the Idaho Statesman. "Borrowers struggling with a low credit score, history of bankruptcy or limited savings who may not be eligible for a conventional loan are taking advantage of Federal Housing Administration loans instead, said Jared Olsen,…
It's Friday desk clearing time for this blogger. "In the last 10 years, the average home price has doubled in the KC metro area, from roughly $140,000 to more than $350,000. It took six weeks, and $60,000 more than they…