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Home2023October

Month: October 2023

home
Home Values

Will home sales finally start to grow? Data shows glimmers ahead

October 31, 2023 Mariel Alumit Comments Off on Will home sales finally start to grow? Data shows glimmers ahead

We may be nearing the bottom in home sales even if mortgage rates don’t decline. As a result, there may be a light at the end of the tunnel in this crazy market cycle. At […]

Real estate
Housing Wire

Opinion: Real estate is already changing, despite commission lawsuit’s outcome

October 31, 2023 Mariel Alumit Comments Off on Opinion: Real estate is already changing, despite commission lawsuit’s outcome

Phillip Cantrell is the CEO of Benchmark Realty LLC based in Franklin, Tennessee and the executive vice president of Strategy for United Real Estate. He is a 20-year member of the National Association of Realtors […]

home
Home Values

US home prices rose to record high in August

October 31, 2023 Mariel Alumit Comments Off on US home prices rose to record high in August

Following July’s mini rally, home prices posted a 2.6% annual gain in August, according to the S&P CoreLogic Case-Shiller Home Price Index. Month-over-month, the U.S. National Index posted a seasonally adjusted increase of 0.9%, while […]

technology
Housing Wire

How technology can support the human-guided experience borrowers still want

October 31, 2023 Mariel Alumit Comments Off on How technology can support the human-guided experience borrowers still want

HousingWire recently spoke to Sandra Madigan, EVP of product strategy – servicing technology at ICE Mortgage Technology, about improving the home buying and ownership experience with technology and how the industry can do so thoughtfully. […]

agents
Housing Wire

Agents and industry pros share their takes on the commission lawsuit trial

October 31, 2023 Mariel Alumit Comments Off on Agents and industry pros share their takes on the commission lawsuit trial

Though Chip Stella lives and works in Ipswich, Massachusetts, his focus is 1,500 miles away at a squat, windswept stone courthouse in downtown Kansas City, Missouri. It’s at the Charles Evans Whittaker U.S. Courthouse that […]

Nonbank mortgage
Financial Markets

Nonbank mortgage companies will remain under pressure in 2024: Fitch

October 31, 2023 Mariel Alumit Comments Off on Nonbank mortgage companies will remain under pressure in 2024: Fitch

The finances at nonbank mortgage companies will remain under pressure in 2024, despite some relief in mortgage rates, according to a new Fitch Ratings report. But the credit ratings agency has a “moderately deteriorating” outlook for the […]

Realtors
Housing Wire

Missouri jury finds Realtors, brokerages guilty of conspiring to inflate commissions

October 31, 2023 Mariel Alumit Comments Off on Missouri jury finds Realtors, brokerages guilty of conspiring to inflate commissions

A Kansas City jury has found the National Association of Realtors, HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation Rule, in the Sitzer/Burnett […]

IGLTA
Air Bnb Newsroom

Airbnb and IGLTA reveal new travel trends among the LGBTQ+ community

October 31, 2023 Mariel Alumit Comments Off on Airbnb and IGLTA reveal new travel trends among the LGBTQ+ community

During the 40th Annual Global Convention of the International Gay and Lesbian Travel Association (IGLTA) hosted in San Juan, Puerto Rico, Airbnb presented the results of a survey commissioned to the IGLTA Foundation that identify […]

Home
Mortage News

Home Prices Hit Record Highs Nationally and in Seven Cities

October 31, 2023 Mariel Alumit Comments Off on Home Prices Hit Record Highs Nationally and in Seven Cities

Even with interest rates at a two-decade high and mortgage applications and existing home sales slipping back to 20th-century levels, home prices continue to rise. The S&P CoreLogic Case-Shiller indices increased for the seventh consecutive […]

optimization
Housing Wire

The power of credit optimization

October 31, 2023 Mariel Alumit Comments Off on The power of credit optimization

The No. 1 reason a mortgage loan applicant is denied for a loan is a problem with their credit score. In good times when qualified mortgage borrowers are plentiful, most originators don’t give a suboptimal […]

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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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