Live News

• Rising mortgage rates zap builder confidence Jan. 17th 2025
  The recent rise in mortgage rates, approaching 7.25%, has negatively affected builder sentiment. They need rates in the 6-6.5% range to grow.

• What previous California wildfires can teach us about rebuilding LA Jan. 17th 2025
  When the wildfires in Los Angeles are finally extinguished, the city and its residents will have to sift through the devastation and answer questions about how — and whether — to rebuild.

• Housing completions were up in 2024, a bright spot for builders Jan. 17th 2025
  Housing starts and building permits were both down year over year in 2024, suggesting uncertainty among builders.

• CoreLogic puts property damage from two fires at up to $45B Jan. 16th 2025
  CoreLogic today announced preliminary loss estimates for the Eaton and Palisades Fires totaling between $35 to $45 billion.

• The Southern housing markets poised to become boomtowns Jan. 16th 2025
  Eight of the top 10 fastest-growing housing markets in the latest CoreLogic report are in the South, with Lakeland, Florida topping the list.

• Mortgage rates fall after remarks by Fed’s Chris Waller Jan. 16th 2025
  The 10-year yield and mortgage rates fell today after remarks by St. Louis Fed President Chris Waller about rate cuts.

• Home-price growth is cooling, leading to appraisal challenges Jan. 16th 2025
  Corporate Settlement Solutions released an analysis that highlights a growing gap between appraised home values and sale prices.

• FCC warns of mortgage relief scam impersonating 400 lenders Jan. 16th 2025
  The FCC warned of the "green mirage" scam where fraudsters posing as lenders contact homeowners who need mortgage relief and ask for payment.

• Turn that frown upside down: Homebuilders are optimistic heading into 2025 Jan. 16th 2025
  The NAHB’s builder confidence index rose one point in January after stagnating in December following three months of gains.

• Younger generations are more likely to pursue home renovations this year Jan. 15th 2025
  A survey by This Old House found that 48% of homeowners will pursue home renovations in 2025 — and most of them are younger.