MBA chief economist says mortgage rates, inflation will stay elevated through 2026
Mortgage rates and inflation are expected to remain elevated through 2026 as pressures tied to geopolitical tensions keep Federal Reserve rate cuts on hold. That’s according to Mike Fratantoni, chief economist and senior vice president of research and business development at the Mortgage Bankers Ass
California lawmakers weigh state-backed loans for downtown housing towers
California lawmakers are weighing yet another tool in the housing toolbox to jumpstart high-rise construction in the state’s largest downtown areas. Assembly Bill 2074, dubbed the Downtown Revitalization Act, would ease approvals and offer state-backed, low-interest financing near major transit hubs
White House backs deregulation as it looks to address estimated 10M housing deficit
The White House estimates that the U.S. has a housing shortage of 10 million single-family homes, according to the annual Economic Report of the President released on Monday. This shortage is largely a product of overregulation, the report claims. To combat the housing deficit, White House economist
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