A report from Business Insider. "The top themes of the homebuilder survey were a slowdown in entry-level housing demand due to 'payment shock,' investors pulling back, and a ripple effect of rising rates moving up market, according to Rick Palacios…
A report from Reuters. "In mid-April Harsh Grewal and his wife settled on a place in a San Francisco suburb and were prepping a bid, above the listed price so they'd have a chance of besting other offers. Then he…
A report from the Mississippi Clarion Ledger. Matt Wilson, President of the Mississippi Mortgage Bankers Association, believes the housing market's current state is not something about which to be alarmed. 'Mortgage rates are up, and they went up a little…
A report from 19 News Cleveland. "Layoffs happened at a popular home mortgage company headquartered in Northeast Ohio. Union Home Mortgage in a statement told 19 News they are temporarily adjusting staffing levels to accommodate rapidly changing conditions in the…
A report from Banking Dive. "Wells Fargo has begun laying off an undisclosed number of its home lending employees, little more than a week after reporting mortgage origination volume had dropped 33% year over year, the bank confirmed Friday. Anonymous…
It's Friday desk clearing time for this blogger. "Denver-area realtors are seeing something that hasn’t happened in nearly a decade: the market is starting to cool off. Sunny Banka with the Colorado Association of Realtors already seen this materialize with…
A report from the World Property Journal. "Based on a new report from Redfin, a fast-growing share of U.S. home-sellers are dropping their prices. 'The slowdown over the last two weeks has felt significant,' said Seattle-area Redfin real estate agent…
A weekend topic starting with Reuters. "Lampooned by fiscal hawks as belief in a 'magic money tree', ever higher public borrowing and spending had seemed manageable and sensible for many years - hinged as they were on persistently low inflation…
A weekend topic starting with Fox 43 in Maryland. "The Federal Reserve raised interest rates on Wednesday for the first time since 2018. 'Just get into the house without paying any extra fees or points if you have to, just…
A weekend topic starting with Yahoo Finance. "The Federal Reserve’s top figure said Thursday that the central bank should have acted sooner to pull back on its pandemic-era stimulus and get ahead of rising inflation. Fed Chairman Jerome Powell told…