by Jesse Williams | Jan 12, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Recent reports from the U.S. Bureau of Labor Statistics (BLS) found that the deceleration of inflation didn’t yield as 2022 came to a close. Overall inflation continued to slow in December, with the latest consumer price index (CPI) report showing prices grew by...
by Jesse Williams | Jan 12, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
The 30-year fixed-rate mortgage (FRM) averaged 6.33% this week, down from 6.48% last week, according to the latest results of Freddie Mac’s Primary Mortgage Market Survey (PMMS). This week’s data: 30-year fixed-rate mortgage averaged 6.33% as of January 12, 2023, down...
by Jesse Williams | Jan 11, 2023 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Teams |
In a long-telegraphed move by the once preeminent mortgage lender, Wells Fargo this week announced a series of “strategic plans” broadly withdrawing from the mortgage market, including eliminating correspondent loans—another major reduction for the long-scandalized...
by Jesse Williams | Jan 11, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
The housing market had an insane year in 2022, and the rental market fell in tandem with the chaos. As housing prices rose, so did rent. Now, as 2023 kicks off, experts at Realtor.com say rent prices look like they could be finally coming down. As of November, a new...
by Jesse Williams | Jan 11, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Mortgage applications increased 1.2% from one week earlier, according to latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 6, 2023. This week’s breakdown: The Market Composite Index, a measure of...
by Jesse Williams | Jan 11, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Multifamily rents fell again in December, dropping $4 during the month to $1,715 (-0.2%), under the strain of weakening demand, according to a new report from Yardi Matrix. Yardi Matrix’s National Multifamily Report for December found that year-over-year rent growth...