Top Headlines
Cleveland Fed’s Mester Wants More Good Inflation Data Before Rate Cuts
Mester is stepping down from the Cleveland Fed on June 30. Continue Reading Cleveland Fed’s Mester Wants More Good Inflation Data Before Rate Cuts
Chris Black Named CFO at Inside Real Estate
Black has more than two decades of CFO experience. Continue Reading Chris Black Named CFO at Inside Real Estate
Fed Governor Says Rate Hike Possible if Inflation Stays High
“We may need to increase the policy rate further should progress on inflation stall or even reverse,” said Michelle Bowman. Continue Reading Fed Governor Says Rate Hike Possible if Inflation Stays High
eXp Realty Names Leo Pareja at CEO
He succeeds Glenn Sanford, who will continue as chairman and CEO of eXp World Holdings. Continue Reading eXp Realty Names Leo Pareja at CEO
NY Attorney General Questions Trump’s Bond in Valuation Fraud Case
The judge in the case, Arthur Engoron, tentatively scheduled a hearing for April 22 to discuss the bond. Continue Reading NY Attorney General Questions Trump’s Bond in Valuation Fraud Case
Why Rising Mortgage Rates Push Buyers off the Fence
Source: Keeping Current Matters --- you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about...
The housing market resembles 2007—these 3 interactives show if your local home prices are ‘overvalued’
Source: Fortune --- Simple economics dictates that neither home prices nor incomes can outgrow the other for very long. They go hand in hand. As incomes rise, those pour over into housing. In order for home price growth to stick around, there has to be a corresponding...
If You’re a Homeowner, You Have Incredible Leverage When You Sell Today
Source: Keeping Current Matters --- In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition...
Forbearance rate drops below 1%, lowest level since June 2020
Source: Housing Wire --- Servicers’ forbearance portfolio volume dropped in April to a level below 1%, with fewer than half a million borrowers remaining with an active plan, according to the monthly Loan Monitoring Survey conducted by the Mortgage Bankers...
Opinion: Use data to scale your mortgage servicing business
Source: Housing Wire --- Mortgage servicing is a scale business, meaning the economics of scale can be achieved with larger servicing portfolio by spreading the fixed costs among more loans being serviced. Such scaling; however, hasn’t achieved the expected results as...
Home Builders Warn of Significant Affordability Declines
Source: NAHB --- Housing affordability posted a modest gain for average conditions in the first quarter of 2022 as a strong jump in national median income helped to offset a gradual rise in interest rates. However, home builders warn of current deteriorating...
Are There More Homes Coming to the Market?
Source: Keeping Current Matters --- According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes...
Demand For Second Homes Is Way Down From Last Year’s Boom
Source: Redfin --- Demand for vacation homes is way down after last year’s pandemic-driven boom. Mortgage-rate locks for second homes were up 9.1% from pre-pandemic levels in April, essentially unchanged from a revised rate of 8.7% in March and down from 15% in...
Best Week For Rates in Almost 2 Years, But There’s a Catch
Source: Mortgage News Daily --- Mortgage rates have moved higher at the fastest pace in decades so far in 2022, but this week proved to be a refreshing exception. To understand why, we first need to examine the relationship between stocks and bonds, which is a bit...
U.S. Commercial Lending to Hit $895 Billion in 2022, Despite Higher Rates
Source: World Property Journal --- According to a recently updated forecast released by the Mortgage Bankers Association, total U.S. commercial and multifamily mortgage borrowing and lending is expected to hold steady at a projected $895 billion of total lending in...
Recent Posts
Hits and Misses for the Real Estate Week of Aug. 10-14- Seattle Bans Rental Housing Junk Fees
- American Real Estate Association Hires John Blount as Chief Lobbyist
- Better Pushes Back at Attempt by Ex-CEO Vishal Garg to Regain Control of th…
- REMAX and Golfweek Partner on Real Estate and Lifestyles Destination
