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Home2023November

Month: November 2023

consumer credit
Housing Wire

It’s worth giving consumer credit a closer look — here’s why

November 28, 2023 Mariel Alumit Comments Off on It’s worth giving consumer credit a closer look — here’s why

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about credit optimization and how taking a closer look at consumer credit can benefit borrowers.   HousingWire: You have advocated for giving consumer credit another […]

New Home Sales
Mortage News

New Home Sales Below Trend But Still Outperforming Existing Homes

November 28, 2023 Mariel Alumit Comments Off on New Home Sales Below Trend But Still Outperforming Existing Homes

The Census Bureau released the monthly New Home Sales report today, showing a decrease from 719k in September (revised down from 759k initially reported) to 679k in October.  While this number is below the long […]

FHA loan
Housing Wire

FHA loan limit increases to $498,257 in 2024

November 28, 2023 Mariel Alumit Comments Off on FHA loan limit increases to $498,257 in 2024

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2024 to $498,257 and $1,149,825, respectively, the FHA announced Tuesday. The new FHA loan limits apply to forward mortgages for […]

Charlie Munger
Weely Real Estate News

Charlie Munger, Vice Chairman of Berkshire Hathaway, Dies at 99

November 28, 2023 Mariel Alumit Comments Off on Charlie Munger, Vice Chairman of Berkshire Hathaway, Dies at 99

Charlie Munger, vice chairman of Berkshire Hathaway (NYSE:BRK.A) and the closest partner to the company’s founder and leader, Warren Buffett, passed away at the age of 99. Charles Thomas Munger was born on Jan. 1, […]

Home
Mortage News

Home Prices Still Rising More Than Expected. Loan Limits to Follow

November 28, 2023 Mariel Alumit Comments Off on Home Prices Still Rising More Than Expected. Loan Limits to Follow

Today brings the release of the two main home price indices (HPIs) for the month of September (yeah, there’s a bit of a lag).   The S&P Case Shiller HPI rose to prominence in the run […]

Conforming Loan Limit
Mortage News

$766,550 is The New Conforming Loan Limit For 2024

November 28, 2023 Mariel Alumit Comments Off on $766,550 is The New Conforming Loan Limit For 2024

If you’re just here for the conforming loan limit news, $766,550 is the number for 2024.   Does this mean no one can get a mortgage for more than $766,550?  No.  The conforming loan limit is […]

Husky Homes
Housing Wire

Husky Homes team expands Compass’s Wisconsin presence

November 28, 2023 Mariel Alumit Comments Off on Husky Homes team expands Compass’s Wisconsin presence

The Husky Homes real estate team, led by Alison Crim, has joined Compass, the company announced on Tuesday. Based in Madison, Wisconsin, the team of eight had been affiliated with Keller Williams Realty Madison East […]

Casino
Celebrities

Luxurious ‘Casino’-linked Las Vegas home of ex-mobster John Spilotro hits market for $550K

November 26, 2023 Allen Santos Comments Off on Luxurious ‘Casino’-linked Las Vegas home of ex-mobster John Spilotro hits market for $550K

The luxurious home of a former Las Vegas mobster linked to the 1995 gangster film “Casino” is back on the market for $550,000. The four-bed, three-bath stunner is currently owned by an unidentified dancer, but […]

restaurant guide
Air Bnb Newsroom

New restaurant guide to support small businesses in Nashville

November 26, 2023 Mariel Alumit Comments Off on New restaurant guide to support small businesses in Nashville

Just in time for Small Business Saturday, Airbnb has partnered with premier food magazine Edible Nashville to release “Eat Like a Local,” a restaurant guide featuring 80 locally owned restaurants across 12 Nashville neighborhoods. In […]

King Charles
Celebrities

King Charles secretly profits off assets of dead Brits using medieval law, scathing report finds

November 26, 2023 Mariel Alumit Comments Off on King Charles secretly profits off assets of dead Brits using medieval law, scathing report finds

King Charles III has been accused of using ancient feudal laws to nab tens of millions of dollars intended for charity from the deaths of thousands of Brits to upgrade his real estate empire, according […]

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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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