Boston is the nation’s hottest housing market

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research, the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. 23, 2024. The metro area, which … Continue readingBoston is the nation’s hottest housing market

Boston is the nation’s hottest housing market

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research, the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. 23, 2024. The metro area, which … Continue readingBoston is the nation’s hottest housing market

Gap between Black and white renters who were mortgage ready narrowed during the pandemic

The gap between Black and white renter families that could afford a mortgage narrowed significantly during the COVID-19 pandemic, according to a Zillow report released Friday. About 7.8% of Black renter families earned enough income in 2022 to afford a mortgage with a 3% down … Continue readingGap between Black and white renters who were mortgage ready narrowed during the pandemic

Gap between Black and white renters who were mortgage ready narrowed during the pandemic

The gap between Black and white renter families that could afford a mortgage narrowed significantly during the COVID-19 pandemic, according to a Zillow report released Friday. About 7.8% of Black renter families earned enough income in 2022 to afford a mortgage with a 3% down … Continue readingGap between Black and white renters who were mortgage ready narrowed during the pandemic

Rocket lost money last year, so why are its shares up?

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability.  Despite reporting a GAAP net loss of $390 million in 2023, investors seem … Continue readingRocket lost money last year, so why are its shares up?

Rocket lost money last year, so why are its shares up?

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability.  Despite reporting a GAAP net loss of $390 million in 2023, investors seem … Continue readingRocket lost money last year, so why are its shares up?

Texas Capital Bank shoots back at Ginnie Mae over dismissal motion

Roughly 24 hours after filing an objection to the U.S. government’s motion to stop the gathering of evidence in a case against Ginnie Mae, Texas Capital Bank (TCB) responded to the government’s attempt to dismiss the entirety of the bank’s complaint. The case stems from … Continue readingTexas Capital Bank shoots back at Ginnie Mae over dismissal motion

Texas Capital Bank shoots back at Ginnie Mae over dismissal motion

Roughly 24 hours after filing an objection to the U.S. government’s motion to stop the gathering of evidence in a case against Ginnie Mae, Texas Capital Bank (TCB) responded to the government’s attempt to dismiss the entirety of the bank’s complaint. The case stems from … Continue readingTexas Capital Bank shoots back at Ginnie Mae over dismissal motion

Institutional buyers pumped the brakes on purchase activity in 2023

In December 2023, a startling rumor started to spread on social media — that large institutional buyers had purchased 44% of the available homes on the market in 2023, leaving policymakers concerned with the potentially predatory grip of these entities. HousingWire lead analyst Logan Mohtashami … Continue readingInstitutional buyers pumped the brakes on purchase activity in 2023

Institutional buyers pumped the brakes on purchase activity in 2023

In December 2023, a startling rumor started to spread on social media — that large institutional buyers had purchased 44% of the available homes on the market in 2023, leaving policymakers concerned with the potentially predatory grip of these entities. HousingWire lead analyst Logan Mohtashami … Continue readingInstitutional buyers pumped the brakes on purchase activity in 2023