Jobless Claims Drop, Remain Elevated
Initial claims fell in the week ending Nov. 28, the Labor Department reported yesterday, but remain elevated in the wake of the coronavirus pandemic and resulting economic slowdown.
Hotel Sector Recovery Slows
The hotel sector recovery has slowed in recent months after rebounding in the fall from April lows, said Fitch Ratings, New York.
Why the ‘Big Short’ in Housing Supply Will Remain in 2021
Economics is all about supply and demand. In the housing market right now, there’s plenty of demand—but not a lot of supply. And, according to First American Financial Corp., that’s not likely to change any time soon.
MBA: 3Q Mortgage Production Volume Spurs Strong IMB Profits
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $5,535 on each loan they originated in the third quarter, up from $4,548 per loan in the second quarter, the Mortgage Bankers Association reported this morning in its Quarterly Mortgage Bankers Performance Report.