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

U.S. Market

The U.S. market generally refers to the stock market, which is made up of various exchanges where publicly traded companies’ stocks are bought and sold. The two main stock exchanges in the U.S. are the New York Stock Exchange (NYSE) and the Nasdaq Stock Market.

The U.S. market can also refer to other financial markets, such as the bond market, commodities market, and currency market. These markets provide a platform for investors to trade various financial instruments, such as stocks, bonds, commodities, and currencies.

The U.S. market is a key indicator of the health of the economy, as stock prices and other market indicators often reflect investors’ expectations for future economic growth and corporate profits.

Mortgage
Top News

Mortgage Application Activity at Highest Level in Six Weeks

November 22, 2023 Mariel Alumit Comments Off on Mortgage Application Activity at Highest Level in Six Weeks

The mortgage market is heading into the Thanksgiving holiday weekend on the upswing, according to new data from the Mortgage Bankers Association (MBA) tracking the week ending Nov. 17. The Market Composite Index, the trade […]

Palm Beach
Home Values

‘Barbie’ dream house in Palm Beach drops price

November 16, 2023 Mariel Alumit Comments Off on ‘Barbie’ dream house in Palm Beach drops price

Following a broker swap, interior designer Tracy Turco’s Barbie-pink house in Manalapan, Fla. (just south of Palm Beach), can be yours for $6.9 million, down from its original $7.2 million ask. Turco and her husband, […]

Housing Affordability
Housing

Housing Affordability Index Crashes to Record Low

November 13, 2023 Mariel Alumit Comments Off on Housing Affordability Index Crashes to Record Low

Only 37.4% of new and existing homes sold during the third quarter were affordable to families earning the median income of $96,300, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Opportunity […]

New York
Top News

Billionaires bounce: New York lost millions in revenue as ultra-wealthy flee for Florida

November 12, 2023 Allen Santos Comments Off on Billionaires bounce: New York lost millions in revenue as ultra-wealthy flee for Florida

The Empire State has lost 10 billionaires in the past four years, and those moves have hurt New York‘s bottom line for tax revenue. The Forbes 400 list, which compiles the richest Americans by net worth, shows only […]

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 […]

Rithm
Housing Wire

Rithm delivers $194M profit in Q3 amid M&A deals

October 26, 2023 Mariel Alumit Comments Off on Rithm delivers $194M profit in Q3 amid M&A deals

New York-based Rithm Capital’s profits declined in the third quarter of 2023, when the real estate investment trust got involved in a dispute for Sculptor Capital Management and announced the acquisition of Specialized Loan Servicing. […]

Housing Wire

Bank regulators issue new Community Reinvestment Act rule

October 25, 2023 Mariel Alumit Comments Off on Bank regulators issue new Community Reinvestment Act rule

The Office of the Comptroller of the Currency, the Federal Reserve Board and the Federal Deposit Insurance Corporation issued on Tuesday a new rule to modernize the 1977 Community Reinvestment Act (CRA), which addresses systemic inequalities in access to credit. […]

Housing Wire

CoStar’s 50th quarter of double-digit revenue growth

October 25, 2023 Mariel Alumit Comments Off on CoStar’s 50th quarter of double-digit revenue growth

CoStar Group’s annual revenue increase of 12% during the third quarter of 2023 marked the 50th straight quarter of double-digit revenue growth. The company reported revenue of $625 million and net income of $91 million, […]

Home Values

Census Data Shows 871,000 Californians Left The Imploding State In 2022

October 22, 2023 Allen Santos Comments Off on Census Data Shows 871,000 Californians Left The Imploding State In 2022

California has sustained massive population declines since the Covid pandemic. Residents have been fed up with radical authoritarian progressive politicians, as well as shit-covered streets, imploding metro areas, out-of-control homelessness, open-air drug markets, soaring violent […]

Housing Wire

New listings data unfazed by 8% mortgage rates

October 21, 2023 Mariel Alumit Comments Off on New listings data unfazed by 8% mortgage rates

The haunted house ride with the bond market and mortgage rates continued this week, but one housing data line hasn’t been spooked. New listing data appears unafraid of the mortgage rate ghost story over the […]

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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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