A report from the Sun Sentinel in Florida. "In the wee hours of Thursday morning, the folks who want a private 30-story condo built on a prized piece of taxpayer-owned beach in Hollywood went home without a deal. The project…
A report from Yahoo Finance. "DLB Financial Services CEO Debbie Boyd joins Yahoo Finance. 'I'm a mortgage broker by trade. So I do believe the Fed is going to raise rates. We've already seen almost a point raise since the…
A report from the Dallas Business Journal. "As of year’s end, the home price index for the Fort Worth and Arlington areas was about 215, up from about 177 in Q4 2020. Prior to last year, the index had never…
A report from the Daily Mail. "Anyone who has tried to sell their home recently knows the property market can be brutal. And it seems that’s true whether you’re selling an apartment in Hampshire or a mega-mansion in Hollywood. There…
A weekend topic starting with Yahoo Finance. "Fannie Mae Chief Economist Doug Duncan joins Yahoo Finance Live. 'We saw something on the order of 18% increase in house prices in 2021 following about a 15% increase in 2020. Our estimate…
It's Friday desk clearing time for this blogger. "Redfin economists expect the 30-year fixed mortgage rate to continue to rise steadily to 3.9% over the course of the year. For the four-week period ending January 30, the monthly mortgage payment…
A report from Mortgage News Daily. "Locks are certainly not repeating 2021 levels for January, with initial anecdotal pipeline numbers down 30-40 percent. Are you reducing costs accordingly? When the residential lending market is good, owners think they’re the smartest…
A report from Bloomberg. "Homebuilders are headed for their sharpest monthly nosedive since March 2020 as the stocks get pummeled by fears of rising rates. 'It’s a headwind to everybody across the sector, nobody is completely immune,' analyst Rafe Jadrosich,…
A report from NBC News. "'As we move through the year, we will see slower sales activity,' said Lawrence Yun, chief economist at the National Association of Realtors. 'Intense multiple-offer days are over… people can take their time. I think…
A report from the Florida Times Union. "Alex Sifakis, president of JWB Real Estate Capital in Jacksonville, said his company now manages 4,300 single-family rental properties in the city and owns another 400 of them. From the investment side, he…