Kansas City - Real Estate Investor Pulse

The Sitzer/Burnett trial kicks off in Kansas City

October 18, 2023 Mariel Alumit Comments Off

The highly anticipated trial of the Sitzer/Burnett buyer broker compensation class action lawsuit kicked off in earnest on Tuesday morning, with opening arguments taking place in the Kansas City courtroom belonging to U.S. District Court […]

Hosts in Kansas City urge city to address input on short-term rental rules

May 5, 2023 Mark Paul Cervantes Comments Off

Kansas City, MO – Later this afternoon, the Kansas City City Council will meet to vote on two short-term rental (STR) ordinances proposed by Mayor Quinton Lucas and Councilman Eric Bunch. Short-term rental Hosts are […]

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 […]