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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
Home2023

Year: 2023

Fed Chair
Economy

Fed Chair Powell: The U.S. housing market is ‘putting in a bottom’

June 15, 2023 Mark Paul Cervantes Comments Off on Fed Chair Powell: The U.S. housing market is ‘putting in a bottom’

Fed Chair Jerome Powell took the podium on Wednesday to announce that the central bank would hold interest rates flat in June. Powell didn’t rule out future hikes, and called this move a “skip.” Towards […]

Weely Real Estate News

Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6%

June 15, 2023 Mark Paul Cervantes Comments Off on Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6%

23.5% of mortgaged homeowners have a rate below 3%. The post Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6% appeared first on Weekly Real Estate News.

Housing Wire

DataDigest: “Excess inventory” and the return of the Wall Street SFR players

June 15, 2023 Mark Paul Cervantes Comments Off on DataDigest: “Excess inventory” and the return of the Wall Street SFR players

Large single-family rental investors didn’t have much of an appetite in the fourth quarter of 2022 and the first quarter of 2023. Or, rather, perhaps I should say that they didn’t have much food to […]

Housing Wire

Truework, Transunion join forces to enhance income verification services

June 15, 2023 Mark Paul Cervantes Comments Off on Truework, Transunion join forces to enhance income verification services

TransUnion announced on Wednesday that it has entered into a commercial agreement with Truework, an income and employment (VOIE) services verification provider, in order to provide comprehensive income verification coverage. Together, Transunion and Truework will […]

Weely Real Estate News

Israeli Home Sales At 21-Year Low

June 15, 2023 Mark Paul Cervantes Comments Off on Israeli Home Sales At 21-Year Low

Of the 4,001 transactions, nearly 1,500 were newly built homes. The post Israeli Home Sales At 21-Year Low appeared first on Weekly Real Estate News.

Weely Real Estate News

Court Gives Colorado Property OK to Evict Elon Musk’s Twitter for Unpaid Rent

June 15, 2023 Mark Paul Cervantes Comments Off on Court Gives Colorado Property OK to Evict Elon Musk’s Twitter for Unpaid Rent

Twitter stopped paying rent at the property in March and no longer has a physical presence at the property. The post Court Gives Colorado Property OK to Evict Elon Musk’s Twitter for Unpaid Rent appeared […]

Housing Wire

Chopra addresses upcoming decision on CFPB constitutionality

June 15, 2023 Mark Paul Cervantes Comments Off on Chopra addresses upcoming decision on CFPB constitutionality

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra and allies in the U.S. Senate addressed the impending decision by the U.S. Supreme Court on the CFPB’s constitutionality during the Senate Banking Committee hearing on Tuesday. […]

Housing Wire

Fed pauses rate hikes in June. But how long will it last?

June 15, 2023 Mark Paul Cervantes Comments Off on Fed pauses rate hikes in June. But how long will it last?

The Federal Reserve (Fed) maintained the federal funds rate in the 5% to 5.25% range on Wednesday, following 10 consecutive hikes that brought rates to a level never seen since 2007. The Federal Open Markets […]

FRED
Weely Real Estate News

Federal Reserve Pauses on Rate Hikes

June 15, 2023 Mark Paul Cervantes Comments Off on Federal Reserve Pauses on Rate Hikes

Prior to this decision, the central bank voted for 10 consecutive rate hikes. The post Federal Reserve Pauses on Rate Hikes appeared first on Weekly Real Estate News.

Weely Real Estate News

Realtors’ Economist to Fed: Stop Raising Rates

June 15, 2023 Mark Paul Cervantes Comments Off on Realtors’ Economist to Fed: Stop Raising Rates

“The Fed should look forward, not backward,” said NAR Chief Economist Lawrence Yun. The post Realtors’ Economist to Fed: Stop Raising Rates appeared first on Weekly Real Estate News.

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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 […]

Daily Real Estate News

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