Live News

• Renovation projects remain popular, but homeowners often need help paying for them Oct. 10th 2024
  Clever Real Estate reports that 63% of homeowners would rather remodel their current home than move to one that has already been fixed up.

• After the waters recede: LOs, agents grapple with Helene and Milton devastation Oct. 10th 2024
  Housing markets in the Southeast are reeling from a one-two punch of hurricanes that may have caused at least $100 billion in damage.

• HUD announces grants to combat post-Helene homelessness in North Carolina Oct. 10th 2024
  The grants come alongside the news that FEMA has spent nearly half of its $20 billion disaster relief budget for the next year.

• Mixed mortgage signals: Inflation continues to cool, but the labor market strengthens Oct. 10th 2024
  Inflation fell in September, which could lead to two more 25 bps cuts this year. Such moves could stabilize mortgage rates.

• Tampa housing market comes to a halt as Hurricane Milton looms Oct. 08th 2024
  Hurricane Milton has prompted officials in Tampa to call for an evacuation, which has already had a stark impact on the city’s housing market.

• Housing market recovery threatened by mortgage rate pop Oct. 07th 2024
  With a rise in mortgage rates this past week due to a strong jobs report, will the housing market recovery be stalled?

• MBA promotes pair to bolster affordable housing, DEI initiatives Oct. 07th 2024
  The Mortgage Bankers Association (MBA) has announced two promotions within its leadership team. The trade group named Wendy Penn as vice president of affordable housing initiatives and Amber Lawrence as vice president of diversity, equity and inclusion (DEI).

• Home purchase sentiment hits highest level in two years Oct. 07th 2024
  Consumer confidence toward purchasing a home increased in September to its highest level in more than two years due to the expectation of lower mortgage rates, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI).  

• Have higher mortgage rates already reversed housing demand? Oct. 05th 2024
  The strong economic data we've seen in the past several weeks underscore why the 10-year yield and mortgage rates rose last week.

• Jobs report sends mortgage rates higher Oct. 04th 2024
  Friday's strong jobs report sent mortgage rates higher, and unless labor data weakens, we might have already seen the low for rates this year.