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HomeSales

Sales

Mortage News

Existing Home Sales Lowest in 12 Years, But It Could Be Worse

February 21, 2023 Mariel Alumit Comments Off on Existing Home Sales Lowest in 12 Years, But It Could Be Worse

Existing home sales data was released this morning by the National Association of Realtors for the month of January.  It was fairly close to forecasts, but nonetheless slid to the lowest levels since 2011 for […]

home
Housing Bubble

U.S. existing home sales fall in January, but pace slowing

February 21, 2023 Mark Paul Cervantes Comments Off on U.S. existing home sales fall in January, but pace slowing

U.S. existing home sales dropped to a more than 12-year low in January, but the pace of decline slowed, raising cautious optimism that the housing market slump could be close to reaching a bottom. Existing […]

Weely Real Estate News

Sales of New York Real Estate Down in January, But Prices Up Slightly

February 21, 2023 Mark Paul Cervantes Comments Off on Sales of New York Real Estate Down in January, But Prices Up Slightly

The median closed sales price for real estate sold in the region from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains increased by 0.90% in January to $575,000, up from $570,000 […]

Housing Wire

ICE Mortgage Technology is betting on increased sales for 2023

February 3, 2023 Mariel Alumit Comments Off on ICE Mortgage Technology is betting on increased sales for 2023

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. The silver lining for the […]

New
Mortage News

New Home Sales Look Like They Want to Bounce

January 26, 2023 Allen Santos Comments Off on New Home Sales Look Like They Want to Bounce

The Census Bureau’s regularly scheduled monthly report on New Home Sales was released this morning.  The annual pace of 616k was right in line with the median forecast of 617k.  This is technically an improvement, […]

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 […]

U.S.
Weely Real Estate News

U.S. Existing-Home Sales Slid Last Year as Interest Rates Surged

January 24, 2023 Allen Santos Comments Off on U.S. Existing-Home Sales Slid Last Year as Interest Rates Surged

The post U.S. Existing-Home Sales Slid Last Year as Interest Rates Surged appeared first on Weekly Real Estate News.

US
Weely Real Estate News

US home sales slump to record low in 12 years

January 23, 2023 Allen Santos Comments Off on US home sales slump to record low in 12 years

The post US home sales slump to record low in 12 years appeared first on Weekly Real Estate News.

Slowest
Weely Real Estate News

2022 Was Slowest Year for US Home Sales in Nearly a Decade

January 23, 2023 Allen Santos Comments Off on 2022 Was Slowest Year for US Home Sales in Nearly a Decade

The post 2022 Was Slowest Year for US Home Sales in Nearly a Decade appeared first on Weekly Real Estate News.

Housing
Housing Wire

Housing inventory under 1M again as sales collapse

January 21, 2023 Allen Santos Comments Off on Housing inventory under 1M again as sales collapse

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home sales crashed in 2022 from a […]

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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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