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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
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Home2024January

Month: January 2024

Three in four baby boomers
Housing Wire

Three in four baby boomers don’t use homebuyer resources

January 31, 2024 Mariel Alumit Comments Off on Three in four baby boomers don’t use homebuyer resources

​ Nearly three in four baby boomers aren’t using resources that would help them achieve or maintain homeownership status, according to survey data released Tuesday by nonprofit group NeighborWorks America. About 10,000 Americans turn 65 […]

Mortgage applications
Housing Wire

Mortgage applications decline ahead of Fed meeting

January 31, 2024 Mariel Alumit Comments Off on Mortgage applications decline ahead of Fed meeting

​ Mortgage demand slumped last week as consumers hit the brakes on purchase applications. Mortgage applications decreased by 7.2% in the week ending Jan. 26 compared to one week earlier on a seasonally adjusted basis, […]

Gen Z
Housing Wire

How LOs can use short-form video content to connect with Gen Z

January 31, 2024 Mariel Alumit Comments Off on How LOs can use short-form video content to connect with Gen Z

​ The accessibility of information, the encouragement of multitasking culture and a desire for instant gratification are all huge societal changes that have massively impacted Gen Z individuals. How can we as an industry and […]

rent price
Housing Wire

DataDigest: National rent price growth normalizes, while Austin rents lose steam

January 31, 2024 Mariel Alumit Comments Off on DataDigest: National rent price growth normalizes, while Austin rents lose steam

​ The pandemic-era boom in single-family rental prices is over, according to CoreLogic‘s Single-Family Rent Index. The index, which analyzes single-family rent price changes nationally and across major metropolitan areas, tracked 13-15% annual growth in […]

Home Prices
Weely Real Estate News

S&P Case-Shiller: Home Prices Up, But Deceleration is Taking Root

January 31, 2024 Mariel Alumit Comments Off on S&P Case-Shiller: Home Prices Up, But Deceleration is Taking Root

Home prices were up in November, according to the latest S&P CoreLogic Case-Shiller Index data report, although there was growing evidence of a price deceleration in several major markets. The S&P CoreLogic Case-Shiller U.S. National […]

Zillow
Weely Real Estate News

Zillow: Travis Kelce is the Football Player Most Americans Want as a Neighbor

January 31, 2024 Mariel Alumit Comments Off on Zillow: Travis Kelce is the Football Player Most Americans Want as a Neighbor

Ahead of the Super Bowl, Zillow Group (NASDAQ:Z, ZG) asked Americans which football player they would most like to have as a next-door neighbor. The answer was Travis Kelce, the Kansas City Chiefs tight end, […]

Bob Hale
Weely Real Estate News

Houston Association of Realtors Chief Bob Hale to Retire

January 31, 2024 Mariel Alumit Comments Off on Houston Association of Realtors Chief Bob Hale to Retire

The Houston Association of Realtors (HAR) announced that President and CEO Bob Hale will retire in January 2026, bringing to a close 52 years of service to the organization – with 37 of them in […]

Pinnacle Financial Partners
Weely Real Estate News

Pinnacle Financial Partners Secures Naming Rights to Nashville Yards Music Venue

January 31, 2024 Mariel Alumit Comments Off on Pinnacle Financial Partners Secures Naming Rights to Nashville Yards Music Venue

The Nashville-headquartered bank Pinnacle Financial Partners has signed an agreement with Southwest Value Partners and AEG, joint venture partners and co-developers of the Nashville Yards mixed-use district, for the exclusive naming rights on the project’s […]

Bay Area
Weely Real Estate News

Outbound Migration from the Bay Area Down 13% Year-Over-Year

January 31, 2024 Mariel Alumit Comments Off on Outbound Migration from the Bay Area Down 13% Year-Over-Year

  The Bay Area recorded a net outflow of 26,000 homebuyers in the fourth quarter of 2023, down 13% from one year earlier, according to a new data report from Redfin (NASDAQ:RDFN). An analysis of home search […]

Angel Oak Mortgage Solutions
HELOC

Angel Oak Mortgage Solutions taps into HELOCs

January 31, 2024 Mariel Alumit Comments Off on Angel Oak Mortgage Solutions taps into HELOCs

​ Atlanta-based nonqualified mortgage (non-QM) lender Angel Oak Mortgage Solutions is tapping into the home equity line of credit (HELOC) market amid elevated equity levels. Unlike traditional HELOCs that require a homeowner to have at […]

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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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