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HomeHousing recession

Housing recession

housing market
Housing

Is this the beginning of the end of the housing market recession?

November 7, 2023 Mariel Alumit Comments Off on Is this the beginning of the end of the housing market recession?

While home prices in the U.S. held up in 2023, sales volume in the housing market cratered. Consumers care about home prices and mortgage rates; the industry cares about transaction volume. The industry is in […]

cities
Top News

U.S. cities are filling up with luxury apartments despite ‘housing recession’

April 3, 2023 Mark Paul Cervantes Comments Off on U.S. cities are filling up with luxury apartments despite ‘housing recession’

Scores of luxury homes are coming to major cities across the United States. Analysts at Yardi Matrix projected that more than 400,000 units were completed in 2022, and they expect another strong showing in 2023. […]

Weely Real Estate News

US ‘housing recession’ could send prices 20% lower by mid-2023: economist

September 28, 2022 Allen Santos Comments Off on US ‘housing recession’ could send prices 20% lower by mid-2023: economist

  Source: New York Post —  US home prices are now “clearly falling” and could plummet by as much as 20% by mid-2023 as the Fed continues its aggressive push to hike interest rates, according to […]

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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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