New York State - Real Estate Investor Pulse

Fewer Listings, Fewer Home Sales in New York State

February 22, 2024 Allen Santos Comments Off

The inventory of homes for sale across New York State shrank by 10.2% in January from 39,544 homes available in 2023 to 35,492 units on the market in 2024, according to new data from the […]

They’re trash! Here are the dirtiest ZIP codes in NYC — and the cleanest, too

August 24, 2023 Allen Santos Comments Off

They plead the filth. These dirty, rotten Big Apple neighborhoods are in need of a serious spit and polish, a new survey of cleanliness in NYC found. HouseFresh, an air purifier product review blog, has […]

New York State Considers Raising Reverse Mortgage Borrower Age

May 8, 2023 Mark Paul Cervantes Comments Off

The bill would also define the role of a non-borrowing spouse in the reverse mortgage. The post New York State Considers Raising Reverse Mortgage Borrower Age appeared first on Weekly Real Estate News.

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 […]