The WPJ

Saint Petersburg

Biden Has a Housing Problem Which Hurts His 2024 Re-Election Bid

National property broker Redfin says there are new signs pointing to a shift toward a buyer's market in 2024, as pandemic-driven inflation takes its last gasps, mortgage rates come down and more people list their homes for sale.

U.S. Residential Mortgage Lending Dipped in Q3 as Rates Jumped

Based on ATTOM's newly released its third-quarter 2023 U.S. Residential Property Mortgage Origination Report, 1.54 million U.S. mortgages secured by residential property (1 to 4 units) were issued in the United States during the third quarter, representing a 3 percent decline from the prior three-month period.

Multifamily Apartment Rent Growth in U.S. Slows in Q3

According to CBRE's latest research, the U.S. multifamily market continued to see healthy demand in the third quarter of 2023, though rent growth slowed from previous highs.

U.S. Mortgage Originations Predicted to Hit $1.95 Trillion in 2024

According to the Mortgage Bankers Association, total U.S. mortgage origination volume is expected to increase to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023.

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