Articles by Alcynna Lloyd

FHFA: American home price growth softens in first quarter of 2019

5.1% gain was the slowest pace in four years
U.S. home prices rose 5.1% in the first quarter from a year ago, the slowest pace in four years, according to the House Price Index from the Federal Housing Finance Agency. Although price growth is still positive, the upward pace is softening across the country, said FHFA Supervisory Economist William Doerner.
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LendingTree: Student loan debt is driving Millennials to buy fixer-upper homes

88% of homebuyers with student loan debt consider purchasing a fixer-upper
With more than $1.5 trillion in student loan debt, new LendingTree research shows an overwhelming majority of homebuyers are considering purchasing “fixer-upper” homes to combat costs. In fact, 88% of homebuyers that are grappling with student loan debt are now more likely to consider a “fixer-upper” home, according to the online lending marketplace’s data.
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Kushner Companies buys $1.1 billion in multifamily real estate

Berkadia provided Kushner with nearly $800 million to finance the portfolio
Kushner Companies, the family real estate company of White House Senior Advisor Jared Kushner, is significantly expanding its multifamily portfolio thanks to the help of Berkadia Commercial Mortgage. This week, the real estate company closed on its $1.1 billion portfolio through financing provided from Warren Buffet's commercial lending company.
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Sales of new homes drop 6.9% in April from March's 11-year high

The level remains 7% higher than a year ago
Sales of new houses dropped in April from an 11-year high in March, according to a report from the Census Bureau and the Department of Housing and Urban Development. New-house sales fell 6.9% to a 673,000 annualized pace last month from March’s upwardly revised rate of 723,000. Even with the decline, April’s level sits 7% higher than a year ago.
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Freddie Mac: Mortgage rates at one-year low after falling four consecutive weeks

The 30-year fixed-rate mortgage averaged 4.06% this week
Mortgage interest rates have fallen for the fourth week in a row, giving way to an uptick in purchase demand, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the mix of demand is skewing to the higher end as more affluent consumers are typically more responsive to declines in rates.
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HousingWire News Podcasts: A conversation with Wings Financial

Listen to this week’s latest episode
HousingWire Editor-in-Chief Jacob Gaffney interviews Norm Creveling, the chief lending officer for Wings Financial Credit Union. In this episode, Creveling talks about the emergence of digital mortgages, the current housing market, and trends in consumer credit scores. Don’t miss it!
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