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Home2022November

Month: November 2022

inventory
Housing Wire

Days on market grow despite low inventory for existing homes

November 19, 2022 Stu Turley Comments Off on Days on market grow despite low inventory for existing homes

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the […]

Black Knight
Housing Wire

Black Knight to sell TitlePoint back to Fidelity for $225M

November 19, 2022 Stu Turley Comments Off on Black Knight to sell TitlePoint back to Fidelity for $225M

Black Knight agreed to sell its TitlePoint business unit to former parent company Fidelity National Financial for $225 million in cash. A sale of TitlePoint is expected ahead of Black Knight’s planned blockbuster acquisition by […]

Wealth
StLouis Fed

Teaching About Income and Wealth Inequality | Bring FRED into the Classroom | November 2022

November 6, 2022 Stu Turley Comments Off on Teaching About Income and Wealth Inequality | Bring FRED into the Classroom | November 2022

Focus on Income Inequality This Page One Economics essay discusses how income and wealth inequality are measured, what drives differences among individuals and households, and how growing inequality may affect the overall economy. The essay […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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