A modest increase in home inventory this year has made the existing home sales market seriously unhealthy again. But last week was good. Inventory growth was not as high as…
Author: New Jersey Report
Keller-Williams mega-team Rivian hires former side exec John Boehler as president
Rivian, Vermont-based mega team Keller Williams, a new president was born. Rivian said in a statement that former side boss John Boehler had taken over from Monday. Boller is responsible…
Why are home builders so happy?
In 2022, housing demand collapsed, and homebuilder confidence surveys collapsed in a cascade similar to that seen during Covid-19 and the Great Financial Crisis. But something changed towards the end…
Percentage of mortgages on moratorium fell in June
According to financial institutions, the proportion of mortgages in repayment fell by 5 basis points from 0.49% to 0.44% in June 2023 compared to May 2023. Mortgage Bankers Association(MBA) Monthly…
Seattle area residents lost tens of billions of wealth to racist housing policies: report
Colored-headed households in King County, Washington (where Seattle is located) have lost an estimated $12 billion to $34 billion in wealth since 1950 due to racist housing policies. That’s according…
Anaid Chacón Joins Argyle as Senior Vice President of Products
ArgyleAnnounced the appointment of Anaid Chacón, a startup in the digital income and proof of employment industry, as Senior Vice President of Products. Chacón brings more than a decade of…
Purchase offers are increasing but remain at very low levels
Mortgage applications rose slightly as mortgage rates peaked in 2023, but were still very low last week. Data from the Times showed that mortgage applications rose 0.9% in the week…
Housing Market Tracker: Inventory Shock Lowers
The slow zombie move in housing stocks has diminished as inventories have been negative on a weekly basis last week. Additionally, home loan rates rose to year-to-date highs as labor…
HAF Fund keeps 300,000 people at home: US Treasury
Data released this week show that the Homeowners Assistance Fund (HAF), a program aimed at providing financial assistance to homeowners affected by the COVID-19 pandemic, has defaulted. It says it…
Homepoint sues correspondent financier for more than $4.6M
A defunct financier home point has filed a lawsuit against seven correspondent mortgage lenders alleging breach of contract for failing to repair loan defects or buy back loans in accordance…