KPMG - Real Estate Investor Pulse

US house prices may tumble another 8% this year as homebuyers feel the squeeze, KPMG says

April 4, 2023 Mark Paul Cervantes Comments Off

US house prices could tumble another 8% this year as higher interest rates and stricter lending standards crimp demand, KPMG has warned. Home prices, as measured by the Case-Shiller index, are likely to fall 10.5% […]

CoreLogic and KPMG make bold housing market calls: One says U.S. home prices are bottoming while the other foresees a sharper correction

March 10, 2023 Mark Paul Cervantes Comments Off

For 124 consecutive months, spanning from the bottom of the housing crash in February 2012 through the top of the Pandemic Housing Boom in June 2022, national home prices as measured by the seasonally adjusted Case-Shiller […]

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 […]