November’s job creation bounced back from October and exceeded consensus estimates.
Category: News and Trends
Quote of the Day
“These data support a cut at the December meeting, and MBA forecasts that the Fed will continue to reduce short-term rates in 2025, although they are likely to slow the pace of cuts.”
–MBA SVP and Chief Economist Mike Fratantoni, reacting to the November employment conditions report
Fannie Mae Survey: Home Price Growth Deceleration Still Expected in 2025, 2026
Fannie Mae released its Home Price Expectations Survey. The respondents’ average outlook pointed to 5.2% growth in national home prices in 2024.
Overseas Investors Report Uncertainty, AFIRE Finds
Cross-border investment dynamics, climate change trends and zoning reform are top-of-mind for global institutional investors, according to AFIRE, the association for international commercial real estate investors.
Ncontract’s Michael Berman–Build a Better Compliance Training Program: A Guide for Mortgage Lenders
Imagine your mortgage company is feeling generous this holiday season and you send gift cards to the real estate agents who brought your company business as thank-you gifts. That’s a nice gesture, right? Sure. Legal and above board? Not necessarily.
Mark Dangelo: AI’s Data-Driven Modernization Requires Industry Reformulation
Recent Bain & Co. research states that nearly 70% of firms anticipate a “high impact” from AI, but currently less than 20% are delivering “concrete value.”
Dealmaker: Colliers Arranges $62M Sale of North Carolina Industrial Campus
Colliers, Toronto, facilitated the $61.8 million sale of a manufacturing and warehouse campus in Roxboro, N.C.
The New Status Quo: Increased Construction in Low-Density Areas
Low-density suburbs are seeing more construction due to a lack of buildable lots, higher building costs and an ongoing shortage of construction workers, the National Association of Home Builders’ Home Building Geography Index reported.
Resilience Insurance Analytics: A Premier Member Profile
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.)
Quote of the Day
“…Home price growth is likely to decelerate next year, as the mix of continued elevated mortgage rates and the run-up in home prices of the past four years will likely continue to strain affordability and remain an impediment to many would-be homebuyers.”
–Fannie Mae Chief Economist Mark Palim