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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
  • [ December 20, 2024 ] D.R. Horton to Launch New Master-Planned Community in Utah Weely Real Estate News
  • [ December 20, 2024 ] Hits and Misses for the Real Estate Week of Dec. 16-20 Weely Real Estate News
  • [ December 20, 2024 ] Alabama Home Sales Up, Reversing Three-Month Decline Weely Real Estate News
  • [ December 20, 2024 ] New York State Housing Inventory at 8-Month Low Weely Real Estate News
Home2023June

Month: June 2023

Housing Wire

Mat Ishbia talks the ‘loser mentality,’ the controversial ‘ultimatum’ and the years ahead

June 4, 2023 Mark Paul Cervantes Comments Off on Mat Ishbia talks the ‘loser mentality,’ the controversial ‘ultimatum’ and the years ahead

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Meanwhile, 2025 and […]

Housing Wire

Kamala Harris talks proposed AVM bias rule as White House announces new appraisal actions

June 4, 2023 Mark Paul Cervantes Comments Off on Kamala Harris talks proposed AVM bias rule as White House announces new appraisal actions

On the heels of a Thursday announcement by six federal agencies unveiling a proposed rule that would implement quality control standards that govern the use of automated valuation models (AVMs), Vice President Kamala Harris weighed […]

Weely Real Estate News

Inflation Causes Most Homeowners to Postpone Renovations, But They’re Not Planning to Move

June 4, 2023 Mark Paul Cervantes Comments Off on Inflation Causes Most Homeowners to Postpone Renovations, But They’re Not Planning to Move

59% of homeowners said their renovation projects focused on energy efficiency. The post Inflation Causes Most Homeowners to Postpone Renovations, But They’re Not Planning to Move appeared first on Weekly Real Estate News.

Housing Wire

Polly appoints Cheryl Messner as chief customer officer

June 4, 2023 Mark Paul Cervantes Comments Off on Polly appoints Cheryl Messner as chief customer officer

Polly, a leading provider of innovative mortgage capital markets technology, recently announced the appointment of industry veteran Cheryl Messner as chief customer officer (CCO). Messner, who has extensive experience and expertise in mortgage fintech, joins […]

Weely Real Estate News

Mariah Carey Sells Atlanta Mansion at Discounted Price

June 4, 2023 Mark Paul Cervantes Comments Off on Mariah Carey Sells Atlanta Mansion at Discounted Price

She bought the property in November 2021 via an off-market purchase of $5.65 million. The post Mariah Carey Sells Atlanta Mansion at Discounted Price appeared first on Weekly Real Estate News.

Housing Wire

ESSA Bank to pay $3M to settle DOJ’s redlining allegations

June 4, 2023 Mark Paul Cervantes Comments Off on ESSA Bank to pay $3M to settle DOJ’s redlining allegations

The U.S. Department of Justice (DOJ) this week announced that it had secured a settlement of more than $3 million from Philadelphia, Penn.-based ESSA Bank & Trust over allegations that the company engaged in redlining […]

Air Bnb Newsroom

Airbnb Hosts share their vision for future EU STR rules

June 4, 2023 Mark Paul Cervantes Comments Off on Airbnb Hosts share their vision for future EU STR rules

Short-term rental Hosts — who host on a range of channels, including Airbnb — make up nearly one-quarter of all EU tourist accommodation supply. Hosting is an integral part of the EU’s tourism offer and […]

Housing Wire

Jobs data shows the truth about the labor market

June 4, 2023 Mark Paul Cervantes Comments Off on Jobs data shows the truth about the labor market

We’ve had some odd job reports over the years, but the key is to always follow the trend. That’s especially important with Friday’s data, which showed 339,000 jobs were created in May even while the […]

Weely Real Estate News

Hits and Misses for the Real Estate Week of May 29-June 2

June 4, 2023 Mark Paul Cervantes Comments Off on Hits and Misses for the Real Estate Week of May 29-June 2

Elon Musk talks real estate, tenant pulls a fast one on his trusting landlord and a historic theater gets a new lease on life. The post Hits and Misses for the Real Estate Week of […]

Housing Wire

Pretium Partners to acquire 4,000 D.R. Horton rental homes in $1.5B deal

June 4, 2023 Mark Paul Cervantes Comments Off on Pretium Partners to acquire 4,000 D.R. Horton rental homes in $1.5B deal

Real estate investment management firm Pretium Partners is acquiring thousands of homes from home construction company D.R. Horton Inc. in a $1.5 billion deal, as Bloomberg first reported. The deal includes a combination of completed […]

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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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