Despite being the beneficiaries of historic increases in home-price appreciation during and after the COVID-19 pandemic, older baby boomers — many of whom are approaching the age of 80 in 2025 — are now finding themselves challenged by a dearth of housing inventory that can best accommodate living in later life. This is according to…
"December 3, 2024" Archives
Archive page
It can be tricky talking about the national housing market when different parts of the country have very different market dynamics. Nationally, home prices will finish 2024 with an increase of about 5% over the previous year, despite historically low home sales and that there are 27% more homes unsold on the market than there…
Compass is heading into the final weeks of 2024 with a bang. On Monday, the firm announced its plan to acquire Christie’s International Real Estate and @properties. According to a press release, the merger is expected to close in 2025 and is subject to regulatory approval. In an 8-K filing with the Securities and Exchange…
Fitch Ratings announced Monday that it has revised its outlook for the mortgage origination and servicing sector in 2025 from “deteriorating” to “improving,” reflecting forecasts of lower mortgage rates. The credit rating agency sees higher origination volumes and gain-on-sale margins on the mortgage production front, leading to improved profitability for lenders. In regard to servicing…