A report from Mises.org. "This December’s Federal Open Market Committee (FOMC) meeting might be the last time we get to hear a Q&A session from Chair Powell this year. Said near the conclusion of the December meeting, on p.26 of…
A report from Mortgage Professional America. "'Bidding wars are still happening, but buyers are starting to get more breathing room,' said Jill Thompson, a Redfin agent in Indianapolis, where the bidding-war rate dropped to 36.8% in November from 73.6% in…
It's Friday desk clearing time for this blogger. "Some sellers are still getting multiple offers, but not to the point where potential buyers are making offers far in excess of the asking price, said Carla Farley, Greater San Diego Association…
A report from Mortgage Orb. "For the fifth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae's Q4 2021 Mortgage Lender Sentiment Survey. 'Mortgage lenders’ profitability outlook has significantly weakened over the past…
A report from Inside Nova in Virginia. "'Demand fell for each type of home in November,' Bright MLS analysts said. 'The higher-priced single-family segment posted the largest drop, but still recorded ‘Moderate’ demand.' Median home prices also were up, although…
A report from San Diego News in California. "MARKET REPORT (single family). 92115 College Area: The median November home price dropped 7% from October to $814,125. 92119 San Carlos: The median November sales price dropped 5% from October to an…
A press release from the Coronado Times. "Record home price appreciation in the last few years has pushed tappable home equity to new heights! According to Black Knight, the third quarter of 2021 saw a nearly $250 billion increase in…
A report from the News Press in Florida. "To date, the number of new listings that came to the Bonita Springs and Estero markets in 2021 was 270, which was higher than the 193 total listings that came to market…
It's Friday desk clearing time for this blogger. "Christian Chapman, a former underwriter at Better.com, has worked in the mortgage business for almost 20 years and has been laid off by three other mortgage companies in the past. However, none…
A report from the Daily Mail. "In his three-minute call, Vishal Garg CEO of mortgage lender Better.com Vishal Garg, said that the 'market has changed' - meaning savage cuts to the $7 billion company's workforce were needed to avert disaster.…