Billy Joel - Real Estate Investor Pulse

Billy Joel reassures fans he’s not totally abandoning New York for Florida

January 3, 2024 kingstu Comments Off

This snowbird promises he’s still in a New York state of mind. Despite listing his 20-year Long Island manor, Billy Joel isn’t entirely movin’ out of the Empire State. “Just because I’m selling that house […]

Billy Joel, Alec Baldwin pull NY estates off market as mortgage rates soar

November 15, 2023 Mariel Alumit Comments Off

They’re not “Movin’ Out” after all. In a bold move amid the uncertain tides of the real estate market, two iconic New Yorkers, Billy Joel and Alec Baldwin, have opted to retain their lavish estates, […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

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 […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

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 data sends mortgage rates higher

February 3, 2024 Comments Off

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 […]