"January 16, 2025" Archives

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The Southern housing markets poised to become boomtowns

Southern housing markets have dominated growth lists over the last few years, and a report by CoreLogic today shows Southern markets are still hot. Using growth indicators that measure upcoming construction and development, southern metros take eight spots in the top 10 list. The top three metros are Lakeland, Florida., Austin, Texas, and Raleigh, North…

CoreLogic puts property damage from two fires at up to $45B

CoreLogic today announced preliminary residential and commercial loss estimates for the Eaton and Palisades Fires in Los Angeles, California totaling between $35 to $45 billion. As of today, both fires are less than 50% contained. CoreLogic says it will provide final insured loss estimates once the fires have been fully contained. The company’s analysis of…

Trump’s HUD pick will aim to ‘maximize’ HUD budget if confirmed

Many housing insiders often characterize the topic of housing as a bipartisan one that is somewhat insulated from the acrimony of more divisive issues during a historically polarized political era. This was mostly on display during the Senate confirmation hearing for Scott Turner to be the next secretary of the U.S. Department of Housing and…

Mortgage rates fall after remarks by Fed President Waller

The 10-year yield and mortgage rates have been on a wild ride lately, even testing my top-end forecast at 7.25%, but today, the 10-year yield fell after remarks by Fed President Chris Waller about whether the Fed would do even more rate cuts than the market was anticipating. His statement on this, in a CNBC…

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