HousingWireHousingWire Today’s jobs report beat expectations, and in fact, the labor data was solid for jobs week, which means mortgage rates will stay elevated because it’s always about labor over inflation when talking about rates. Now, the labor market is getting softer from its torrid pace of job creation and…
Continue reading →Amanda Osmer As the fourth-generation steward of Grappone Automotive, Amanda Grappone Osmer has published a book, “Grappone Automotive: The Founding,” to share the story of how two Italian families started a longstanding company in New Hampshire. Osmer will be hosting two book signings: one on January 21 at Gibson’s in…
Continue reading →HousingWireHousingWire The U.S. Senate Committee on Banking, Housing and Urban Affairs announced that it will hold a confirmation hearing on Thursday, Jan. 16, for Scott Turner to lead the U.S. Department of Housing and Urban Development (HUD). Scott Turner Turner was one of a flurry of cabinet-level and other leadership…
Continue reading →HousingWireHousingWire A reduction of 0.3% in home values and a slight increase in senior-held mortgage debt have led to the total amount of senior-held home equity dropping from its all-time high. This is according to the latest edition of the Reverse Mortgage Market Index (RMMI), a quarterly report compiled by…
Continue reading →HousingWireHousingWire It’s no secret that stubbornly high mortgage rates and sinking inventory levels are stunting housing markets across the country, particularly in places where high home prices are already squeezing would-be buyers. But Bergen County, New Jersey, is taking it to another level. Inventory and new listings have tanked, chasing…
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