![Donald Trump Highlights Housing Crisis in RNC Speech—but Exaggerates Key Pain Points Donald Trump Highlights Housing Crisis in RNC Speech—but Exaggerates Key Pain Points](https://cdn.statically.io/img/na.rdcpix.com/4d6822b08fb1e627b39ff98de74657e8w-c162451835rd-w290_h164_r4_q80.jpg)
Donald Trump Highlights Housing Crisis in RNC Speech—but Exaggerates Key Pain Points
At his RNC speech, Trump exaggerated several statistics even as he described the nation’s real housing affordability crisis.
At his RNC speech, Trump exaggerated several statistics even as he described the nation’s real housing affordability crisis.
A Miami real estate broker has sold his own waterfront mansion for $34.39 million all cash—and, he said, it was only on the market for a single day.
New York Post
Homeowners are experiencing the “locked-in mortgage effect”—where they’re unwilling to trade their current interest rate for a higher one.
Mortgage rates dipped this week, with the average rate for a 30-year fixed home loan going from 6.89% last week to 6.77% for the week ending July 18, according to Freddie Mac.
Industry denies “bullying” tactics after getting approval for premium increases averaging 20% since last year.
The Wall Street Journal
Annual inflation in the U.S. dropped again last month, increasing the odds of a September interest rate cut.
New listings are flooding the market, offering fresh choices to homebuyers who mustered through a sluggish spring.
Sales of newly built homes fell 11.3% to an annual rate of 619,000 in May, from a revised rate of 698,000 in the previous month, the Commerce Department said Wednesday.
MarketWatch
“Heading into summer, the market is at an all-time high,” Brian D. Luke at S&P Dow Jones Indices says.
MarketWatch
A high cost to borrow is also resulting in higher yields for investors in some mortgage bonds.
The Wall Street Journal
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