As mortgage marketers eagerly look to put ‘22 in the rearview mirror, now’s the time to start plotting a competitive social media strategy for ‘23. So, if you’re wondering, “what’s next?”, you’re not alone.
Category: News and Trends
Today’s Top National News
Here’s a summary of Top National News Items from major news sites and industry trade publications. To get started, click on the headline above:
Quote
“Mortgage rates declined again last week, following bond yields lower. The economy here and abroad is weakening, which should lead to slower inflation and allow the Fed to slow the pace of rate hikes. Purchase activity increased slightly after adjusting for the Thanksgiving holiday, but the decline in rates was still not enough to bring back refinance activity.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.
Joey McDuffee of Blue Sage Solutions: Smart Lenders Are Seizing Growing Home Equity Opportunities
here are still opportunities to be found amid this difficult market. One of the best opportunities, in fact, are home equity loans, particularly HELOCs, and closed-end seconds as well—products for which borrower demand is still relatively strong. And this opportunity becomes even brighter with the right resources in place.
Dealmaker: IPA Negotiates $22M Tucson Multifamily Sale
Institutional Property Advisors, Ontario, Calif., sold a 144-unit apartment property in Tucson, Ariz., for $21.8 million, or $151,389 per unit.
RE/MAX: Median Sales Price Down 3rd Straight Month
RE/MAX, Denver, said October marked the third consecutive month of decline in median home sales prices.
Redfin: Home Price Growth Cooling in ‘Pandemic Boomtowns’
Home-price growth has slowed fastest in pandemic boomtowns, including Austin, Phoenix and Boise, as high mortgage rates and an uncertain economy deter would-be buyers, said Redfin, Seattle.
First American: Equity Buffers Remain Robust Despite Home Price Declines
First American Financial Corp., Santa Ana, Calif., said house-buying power has declined by nearly $150,000 from a year ago, driven by higher interest rates.
Hotel Analysts Lower Occupancy Forecast, Maintain Revenue Projections
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., lowered their hotel occupancy forecast slightly but maintained previous projections for revenue per available room and average daily room rates.
Joey McDuffee of Blue Sage Solutions: Smart Lenders Are Seizing Growing Home Equity Opportunities
here are still opportunities to be found amid this difficult market. One of the best opportunities, in fact, are home equity loans, particularly HELOCs, and closed-end seconds as well—products for which borrower demand is still relatively strong. And this opportunity becomes even brighter with the right resources in place.