Morning Roundup (10/23/2023) — Building For Families

Good Morning! Today is Monday, October 23. Israel’s president says troops have found Hamas files with instructions for making chemical weapons. The search for a man suspected of killing a Maryland judge continues. NFL viewership among teen girls surged 53% compared to the season-to-date average on Sunday Night Football thanks to the Taylor Swift/KC Chiefs Travis Kelce pairing.

The Mortgage Note Reports

Building For Families: As the housing crunch continues throughout the country, some cities are planning for growth when it comes to building homes for average families. Writer Erin Flynn Jay has the story.

ICYMI: The Fed’s policies took center stage at the Mortgage Bankers Association’s annual convention and expo last week.

In other mortgage and housing news…

Not Enough: Purchase power for buyers is dropping, as the average family cannot afford a median-priced house.

No Relief In Sight: Home prices are not going to decline anytime soon because there are still more buyers than sellers.

Renters Winning: It is now 52% more expensive to buy a home than to rent one due to mortgage rates.

Native American Homebuyers: Down payment assistance programs designed to support Native Americans in 14 states are being highlighted.

Show Me The Money: These are the cities where homebuyers are making the biggest down payments.