The Federal Reserve’s policy of higher interest rates has significantly reduced inflation, but one sector of the economy — shelter costs — continues to drive the Consumer Price Index (CPI) higher. In October, housing accounted for more than half of the CPI increase compared to September, rising 0.4% on a seasonally adjusted basis. The rise…
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With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. According to real estate data provider Attom, homebuyers may face more challenges heading into 2025. Attom released its October 2024 U.S. Foreclosure Market Report on Tuesday. It showed that 30,784 properties had foreclosure filings last month. That’s…
In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. This interview has been edited for length and clarity. To kick off…
Compass is certainly known for luxury property sales, but the nation’s top brokerage based on sales volume is looking to offer even more support to agents working on these types of deals. On Tuesday, the firm launched Compass Resort, a network for agents in vacation-home markets and clients searching for second homes. Compass Resort will…