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

Housing

S&P Corelogic Case-Shiller Index Declined Again in December

February 28, 2023 Mark Paul Cervantes Comments Off on S&P Corelogic Case-Shiller Index Declined Again in December

Home price gains continued to drop across the United States according to the latest results for the S&P CoreLogic Case-Shiller Indices. Before seasonal adjustment, the U.S. National Index posted a -0.8% month-over-month decrease in December, […]

Mortage News

Home Prices Continued Moderate Pace of Correction in December

February 28, 2023 Mark Paul Cervantes Comments Off on Home Prices Continued Moderate Pace of Correction in December

FHFA and S&P Case Shiller each released their monthly home price indices (HPIs) for December this morning.  These are the two most widely followed HPIs. FHFA has a broader reach while Case Shiller is focused […]

Housing Wire

Home price growth continued to slow in December

February 28, 2023 Mark Paul Cervantes Comments Off on Home price growth continued to slow in December

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. However, even as existing home sales fell 17.8% year over year in 2022, according to data […]

home
Housing Wire

Optimism spreads after new home sales climb in December

January 26, 2023 Allen Santos Comments Off on Optimism spreads after new home sales climb in December

New home sales increased in December — a sign that new residential sales have continued to rebound in recent months. Last month, new home sales increased by 2.3% to a seasonally adjusted annual rate of […]

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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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