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Peak Roofing Partners Acquires Action Roofing
Action Roofing was founded in 1986 and provides roofing solutions to residential and homebuilder clients Continue Reading Peak Roofing Partners Acquires Action Roofing
La Rosa Holdings Plans to Acquire Controlling Interest in Red Door Title
The financial terms of the acquisition were not disclosed. Continue Reading La Rosa Holdings Plans to Acquire Controlling Interest in Red Door Title
Report: FBI Agents Seek Federal Help to Cover Housing Costs
The Justice Department has not endorsed the request for a housing allowance. Continue Reading Report: FBI Agents Seek Federal Help to Cover Housing Costs
Frank T. Pallotta Joins Mortgage Policy Advisors as a Principal Advisor
In 2020 and 2022, Pallotta was the Republican candidate in New Jersey’s 5th U.S. Congressional District. Continue Reading Frank T. Pallotta Joins Mortgage Policy Advisors as a Principal Advisor
HUD and Indianapolis Take Over Local Housing Agency
HUD and the city government said this action was designed to “restore public confidence” in the IHA. Continue Reading HUD and Indianapolis Take Over Local Housing Agency
Winning Streak Comes to an End For Mortgage Rates
Source: Mortgage News Daily --- As of last Friday, mortgage rates had enjoyed 3 of their best weeks in a long time. Sure, there were caveats that argued against celebrating the gains as evidence of a broader reversal, but they were nonetheless a welcome change of...
Is the hot housing market showing signs of cooling down?
Source: abc4 --- (NewsNation) — New home construction continues at a rapid pace, but new sales data shows the market may be cooling down, slightly. In April, sales dropped by 17%, the biggest dip in nearly a decade, according to data released last week by the Census...
Home prices rose by more than 20% year-over-year in March
Source: CNN --- (CNN)US home prices continued to surge higher in March, as buyers raced to lock in homes before the average mortgage rate hit 5%. Home prices rose 20.6% in March from the year before, an even higher rate than the 20% growth seen in February, according...
Keep an eye on these ‘overvalued’ housing markets as the housing boom implodes
Source: Fortune --- Fundamental economics tells us that home price growth and income growth are interwoven. Neither can outrun the other for very long. That is what’s concerning about the pandemic’s housing boom: Over the past year, home price growth (20.6%) is four...
Calendar: What’s driving mortgage rates the week of May 30-June 3, 2022
Source: Bankrate --- Mortgage rates are notoriously difficult to predict. They rise and fall based on market sentiment, headlines and a variety of economic indicators. Here’s a look at what could move markets this week. The major dose of economic news comes Friday,...
Even as rates go down, affordability remains a problem
Source: Business Insider --- Mortgage rates continue to hold steady around 5%. Rates have been inching down for the past few weeks after hitting a peak of 5.3% in the second week of May. Even though rates are softening slightly, they're still having an impact on...
Here’s what you need to know about reverse mortgages
Source: CNBC --- With the stock market getting volatile but the housing market still hot, reverse mortgages have become a more attractive tool for older Americans who need cash for retirement but want to stay in their homes. Home Equity Conversion Mortgage loan volume...
Big Shift in Housing Numbers. Scary or Welcome?
Source: Mortgage News Daily --- The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s. The ability to tune out rising rates is nothing new for home prices, as discussed a few weeks...
Affordability slips again as mortgage application payments rise nearly 9%
Source: Scotsman Guide --- Homebuyer affordability continued to erode in April, with the Mortgage Bankers Association (MBA) reporting that the national median payment applied for by mortgage seekers rose to $1,889. That’s up 8.8% from the $1,736 figure in March and up...
‘Highest and Best’ vs. ‘Best and Final’: A Homebuyer’s Guide to Offers and Winning a Bidding War
Source: Realtor --- There are signs that the housing market is easing off the record-high prices it’s seen during the past few years, but bidding wars for homes are far from over—especially in competitive markets. And the difference between landing your dream home and...
