October new home sales rose by 7.5 percent from September, beating consensus expectations, the Census Bureau and HUD reported Wednesday.
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:
CoreLogic: Single-Family Rent Growth Down 5th Straight Month
CoreLogic, Irvine, Calif., said year-over-year single-family rent growth slowed for the fifth consecutive month in September to 10.2%, down from a high of 13.9% in April. Additionally, rent growth this September fell below that of a year ago.
MBA Chart of the Week: Thanksgiving Price Inflation
Our Thanksgiving edition of Chart of the Week focuses on four major food and beverage items popular for the occasion – turkey, potatoes, baked goods and wine. Consistent with the broader inflationary environment, prices for these products, as measured by the Consumer Price Index have seen significant growth over the past year.
Doug Wilber of Denim Social: 3 Social Media Trends for Mortgage Marketers to Watch in 2023
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.
Dealmaker: JLL Arranges More than $250M
JLL Capital Markets announced multiple transactions totaling at least $246.5 million for multifamily, office and hospitality properties across the U.S.
The Week Ahead, Nov. 28, 2022: Back to Business
Good morning, and happy Monday! We hope you had a safe and happy Thanksgiving holiday weekend. Now, back to business: here’s what’s happening this week:
MISMO Launches New Bids Wanted in Competition Template
MISMO®, the real estate finance industry’s standards organization, released the Bids Wanted in Competition standard template to facilitate the bidding process for mortgage-backed securities between mortgage originators and dealers.
Veronica Nguyen of BeSmartee: Crafting a Strategy After a Bloody Year
While no one has a magic ball that can tell us when the market will pick up again, it’s a good idea for executives at financial institutions to rethink and consider what a realistic strategy looks like moving forward in a low market as well as a high market.
Quote
“Builders are offering incentives from price cuts and rate buydowns to upgrades. This month’s higher new-home sales number indicates some demand elasticity in the market for new homes.”
–Odeta Kushi, Deputy Chief Economist with First American Financial Corp., Santa Ana, Calif.