Newsfeeds - Spark Newswire

4 minute read

Housing Beat: Home Sales Drop, Homeowners Insurance Spikes, Builder Confidence Tanks

Today, 5:26 AM

The U.S. housing market showed unmistakable signs of stalling this week. Despite a decline in mortgage rates, mortgage applications and home sales were down while the cost of homeowners insurance was rising across most of the nation.

FMCC

5 minute read

Housing Beat: Mortgage Rates Dip, Home Sales Flatten, Reverse Mortgages Get New Cred

By Phil Hall

Today, 5:26 AM

The latest news from the housing industry finds mortgage rates dipping slightly while home sales decelerate and reverse mortgages gain greater attention.

FMCC

4 minute read

Housing Beat: Mortgage Rates Keep Climbing As Inventory Levels Slowly Expand

By Phil Hall

Today, 5:26 AM

More homebuyers were taking out mortgages despite climbing rates while the tight housing inventory is showing signs of improving. Nonetheless, many homebuyers are not optimistic about the housing market’s near future.

FMCC

4 minute read

Housing Beat: Mortgage Rates Hit 5% Level While Property Taxes Inch Higher

By Phil Hall

Today, 5:26 AM

The week in housing was one of great challenges, with mortgage rates cracking the 5% level while homeowners faced an uptick in property taxes and state attorneys general demanded that mortgage servicers drop their convenience fees charged to borrowers.

FMCC

4 minute read

Housing Beat: Mortgage Rates Keep Climbing; Disney’s Affordable Housing Project

By Phil Hall

Today, 5:26 AM

Mortgage rates are continuing their upward motion while potential homebuyers and sellers face a shifting housing market and the affordable housing sector welcomes a well-known new participant.

DIS

8 minute read

The Crisis In Housing, Part 4: Waiting For A Crypto Future

By Phil Hall

Today, 5:26 AM

Compared to other sectors of the wider economy, the housing and mortgage industries have traditionally been slower to embrace cutting-edge technologies and digital solutions. A myriad of reasons explain this pokey response to evolving change, ranging from the sector’s conservative risk tolerance to a lack of standardization in many evolving technologies.

$DOGE

4 minute read

Housing Beat: Records Broken For Single-Family And Condo Prices; The ‘R’ Word Gets Raised

By Phil Hall

Today, 5:26 AM

The latest data news from the housing market included new records being achieved in single-family home and condominium sales, the 30-year fixed-rate mortgage crashing through the 4.5% level, and a warning from a prominent industry economist on the potential for a recession created by the Federal Reserve.

FMCC

2 minute read

Bill Ackman Is The Latest High-Profile Short Seller To Abandon Bearish Bets

By Wayne Duggan

Today, 5:26 AM

On Tuesday, hedge fund investor and Pershing Square Holdings Ltd (OTC: PSHZF) CEO Bill Ackman told investors he will no longer be participating in activist short selling campaigns.

FMCC

10 minute read

The Crisis In Housing, Part 1: A Lopsided Market

By Phil Hall

Today, 5:26 AM

The Japanese novelist Kobo Abe once wrote, “There is always order in the distant view. No matter how strange the happening, it can never project from the frame, from the order which this distant view possesses.”

3 minute read

Housing Beat: Mortgage Rates Soar, Mortgage Applications Sink

By Phil Hall

Today, 5:26 AM

This week's housing and mortgage industry data is something of a seesaw ride, with mortgage rates, millennial homebuying and the mortgage delinquency rate rising while mortgage applications and a major builder's output did not.

BKI