News and Notes

In a stark warning, Joshua Pack, co-chief executive officer of Fortress Investment Group, has raised concerns about the imminent wave of bank failures and forced mergers due to the unfolding crisis in the commercial real estate market. Pack foresees a dire...

The latest data from the S&P Dow Jones Indices (S&P DJI) CoreLogic Case-Shiller index for December 2023 has revealed a mixed picture for the housing market, with significant year-over-year gains overshadowed by month-over-month declines in many metropolitan...

In the realm of economic reporting, adherence to templates often dominates, yielding predictable details and word counts. However, in the case at hand, the pace of change in the underlying data series belies such conventions. Since late 2022, existing home sales have...

The US mortgage market witnessed a further decline last week, as mortgage applications dipped by 5.6% compared to the prior week, as per the latest report from the Mortgage Bankers Association (MBA). The Market Composite Index of the MBA, serving as a barometer for...

In the tumultuous landscape of 2023's real estate market, characterized by soaring mortgage rates and escalating home prices, a significant trend emerged: the remarkable prevalence of first-time homebuyers. Despite the daunting financial climate, data from LendingTree...

According to the latest data from Realtor.com, the housing market is witnessing a significant increase in inventory, providing a glimmer of hope for prospective homebuyers. The report indicates a notable uptick in both active inventory and new listings compared to the...

In January, U.S. home prices continued their upward trajectory, mirroring the consistent gains observed in the preceding months, reveals the latest report from Redfin, the technology-powered real estate brokerage. The report indicates a 0.5% climb in home prices...

The Mortgage Bankers Association’s recent survey reveals a significant milestone in the real estate sector, with approximately $929 billion, constituting 20% of the $4.7 trillion outstanding commercial mortgages, set to mature in 2024. This marks a notable 28% surge...

New data released by the Mortgage Bankers Association (MBA) unveils a significant surge in mortgage applications for the acquisition of new homes in January 2024, marking a substantial 19.1% increase compared to the previous year. This surge follows a notable 38% rise...

In a recent report unveiled by Fannie Mae, consumers are displaying heightened optimism regarding mortgage rates, buoyed by a robust confidence in job security. The findings reveal the most positive sentiment witnessed in nearly two years, although a lingering sense...