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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
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HomeCosts

Costs

Mortgage
Mortage News

Mortgage rates are shooting up again, raising homeownership costs

June 1, 2023 Mark Paul Cervantes Comments Off on Mortgage rates are shooting up again, raising homeownership costs

Mortgage rates are climbing again, raising the cost of a home loan to its highest level in seven months. The average rate on a typical 30-year mortgage is now 6.91%, up from 6.69% a week […]

Work
Commercial Real Estate

Work-From-Home Trend Costs $12 Billion Per Year In Lost Revenue

February 15, 2023 Mark Paul Cervantes Comments Off on Work-From-Home Trend Costs $12 Billion Per Year In Lost Revenue

A new report has put a price on exactly what the “work from home” trend has cost the office-laden city of Manhattan: a stunning $12 billion per year. Working at home means that office workers […]

Weely Real Estate News

Mortgage costs lock out California home buyers

February 12, 2023 Mariel Alumit Comments Off on Mortgage costs lock out California home buyers

The post Mortgage costs lock out California home buyers appeared first on Weekly Real Estate News.

Housing
Weely Real Estate News

The Battle of Housing Costs: Cities Where Renters & Owners Have it Better

February 10, 2023 Allen Santos Comments Off on The Battle of Housing Costs: Cities Where Renters & Owners Have it Better

The post The Battle of Housing Costs: Cities Where Renters & Owners Have it Better appeared first on Weekly Real Estate News.

Mortgage
Weely Real Estate News

Some BIG Changes to Mortgage Costs Were Just Announced

January 21, 2023 Allen Santos Comments Off on Some BIG Changes to Mortgage Costs Were Just Announced

The post Some BIG Changes to Mortgage Costs Were Just Announced appeared first on Weekly Real Estate News.

Builder
Mortage News

Construction Costs, Buyer Traffic Continue to Sap Builder Confidence

November 19, 2022 Stu Turley Comments Off on Construction Costs, Buyer Traffic Continue to Sap Builder Confidence

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) fell another 5 points in November. NAHB said this measure of builder confidence in the new home market is now at 33 after […]

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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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