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Home2023September

Month: September 2023

No Picture
StLouis Fed

A U.S. Government Shutdown Could Delay Some FRED Data

September 26, 2023 Mariel Alumit Comments Off on A U.S. Government Shutdown Could Delay Some FRED Data

If funding for U.S. federal government agencies is not renewed by October 1, 2023, some U.S. data series updates may be suspended. The FRED team will monitor the situation and update the series in the FRED […]

Home Values

Humble home in elite Hamptons trailer park just off the beach lists for $3.6M

September 24, 2023 Allen Santos Comments Off on Humble home in elite Hamptons trailer park just off the beach lists for $3.6M

This notoriously expensive Hamptons mobile home complex has yet another multimillion-dollar listing up for sale.  Within the confines of the once-modest Montauk Shores, this unassuming three-bedroom abode is freshly for sale and looking for someone […]

Home Values

Why are existing home prices up year over year?

September 24, 2023 Allen Santos Comments Off on Why are existing home prices up year over year?

Existing home prices are up 3.9% year over year, with demand near 21st-century lows. How is this possible? NAR‘s existing home sales report on Thursday gives us insight into the why factor. The median existing-home […]

Housing Wire

With homegenius Real Estate’s solutions, lenders can help homeowners explore their home equity options

September 24, 2023 Allen Santos Comments Off on With homegenius Real Estate’s solutions, lenders can help homeowners explore their home equity options

Borrowers everywhere are seeking new ways to tap into their home equity. But with rising mortgage costs and high interest rates, refinancing doesn’t always make the most sense. That’s where HELOCs come in for many […]

Home Values

Former NYC home of late Broadway set designer lists for $3.5M

September 24, 2023 Allen Santos Comments Off on Former NYC home of late Broadway set designer lists for $3.5M

A West Village home once owned by the late, triple Tony Award-winning set designer, Robin Wagner, has hit the market for $3.5 million. The residence, at the John Adams, 101 W. 12th St., comes with […]

Home Values

Pending-home sales drop 13% from a year ago as rates stay high: Redfin

September 24, 2023 Allen Santos Comments Off on Pending-home sales drop 13% from a year ago as rates stay high: Redfin

Soaring mortgage rates and home prices are continuing to dampen affordability for homebuyers. Pending-home sales fell 13% from a year ago for the four weeks ending Sept. 17, according to a new report from Redfin. […]

Home Values

Fannie Mae’s chief economist on housing market outlook

September 24, 2023 Allen Santos Comments Off on Fannie Mae’s chief economist on housing market outlook

The Federal Reserve‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. While the central bank left the benchmark rate unchanged in the target range of […]

Housing Wire

NAR staffers demand resignation of Bob Goldberg, other leaders

September 24, 2023 Allen Santos Comments Off on NAR staffers demand resignation of Bob Goldberg, other leaders

The National Association of Realtors continues to face demands for change from staffers and members in the wake of the sexual harassment allegations brought forth in the New York Times exposé. On Thursday, the trade group informed members that […]

Housing Wire

Bringing the real estate transaction to the end zone

September 24, 2023 Allen Santos Comments Off on Bringing the real estate transaction to the end zone

Terrence Murphy From the end zone to luxury open houses, Terrence Murphy is proof that an entrepreneurial spirit is the key to success in nearly everything. Murphy is not only a legendary football player, he […]

Air Bnb Newsroom

Living like a centenarian: Airbnb’s most wishlisted Blue Zone listings

September 24, 2023 Allen Santos Comments Off on Living like a centenarian: Airbnb’s most wishlisted Blue Zone listings

In the first half of 2023 alone, there were over 30,000 guest nights stayed in Blue Zones, which are defined as geographical areas where people statistically live long and happy lives, well beyond the average […]

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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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