"January 15, 2025" Archives

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Natural disasters like the LA fires will deepen the U.S. housing crisis

Researchers at the University of Southern California (USC) released an in-depth study this week in which they argue that “decades of policy missteps“ have created a shortage of affordable housing across the U.S. and are pushing homeownership out of reach for millions of Americans. The full study, which was published in the January edition of…

Inflation report offers a mixed bag for the housing industry

Wednesday’s inflation report offers mixed news for those in housing. On one hand, housing markets across the country that have faced persistently high home prices may be getting a break. But for those hoping the Federal Reserve will continue cutting interest rates, it’s not so rosy. That’s because December’s Consumer Price Index report from the…

First American Title has a new direct division president

First American Title’s direct division is starting the new year off with a new division president. The big four title firm announced the appointment of Jim Dulle as the new division president on Wednesday. Dulle’s appointment comes as the previous division president, Janette Waller, is set to retire in March 2025. The company said Waller…

Mortgage applications up 33.3% from holiday week

With an adjustment for the New Year’s holiday, mortgage applications increased 33.3% from one week earlier, according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey, released today. This week’s reading, for the week ending Jan. 10, 2025, is a stark difference from last week’s applications, which reflected a seasonal lull following Christmas. While…

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