So far in New Hampshire, the Fed’s interest rate cut in September that was meant, in part, to ignite a more balanced housing market by lowering home mortgage interests has been a dud. On Sept. 18, the Federal Reserve announced a 50-basis point (bps) interest-rate reduction, marking the first cut…
Continue reading →HousingWireHousingWire After delivering two straight quarterly losses to start this year, mortgage technology company Blend Labs predicted correctly that it would soon move into the black by one key accounting measure, finally delivering a non-GAAP operating profitability third-quarter 2024 earnings. The earnings report, released Wednesday, revealed that Blend’s GAAP loss…
Continue reading →HousingWireHousingWire One day after Donald Trump’s victory in the U.S. presidential election, officials at the Federal Reserve announced their decision to cut the benchmark interest rate by 25 basis points to a target range of 4.5% to 4.75%, a move that aligned with market expectations. The reduction, made public on…
Continue reading →HousingWireHousingWire Home prices continue to rise, but they’re rising in slightly fewer areas of the country. Data released Thursday by the National Association of Realtors (NAR) shows that during the third quarter of 2024, home prices grew in 87% of the 226 metropolitan areas analyzed. That share is down from…
Continue reading →John Galle Devine Millimet welcomes new associate to the firm Devine Millimet welcomed John S. Galle to the firm’s Manchester office as an associate, and is also the newest member of the corporate team with a focus on mergers and acquisitions, real estate and taxation. Galle participated in the firm’s…
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