Homebuyers See Relief from Prices, Monthly Payments
Redfin, Seattle, said homebuyers in many markets are starting to see relief from home prices and monthly payments.
Initial Claims Fall to 9-Month Low
In the third of four major jobs reports this week, initial claims for unemployment insurance fell to their lowest level since last April, the Labor Department reported Thursday.
Largest Negative Returns for Institutional Real Estate Since Great Recession
The National Council of Real Estate Investment Fiduciaries reported institutional-quality commercial real estate returned -3.50% for the fourth quarter, the first negative return since the 2020 COVID pandemic and the largest since the Great Recession.
Fitch: RMBS Servicers Focus on Post-Pandemic Performance
Fitch Ratings, New York, said mortgage servicers are anticipating increased regulatory scrutiny in 2023 as borrowers continue to exit forbearance assistance plans and seek help with their mortgage payments.