by mdibrino@hqmloans.com | May 22, 2023 | Uncategorized
“We are pleased to appoint Sumita as our new chief financial officer,” Thornberry said in the group’s news release. “She brings to the CFO role an exceptional blend of financial markets and investment banking expertise as well as years of experience in strategically...
by mdibrino@hqmloans.com | May 22, 2023 | Uncategorized
New single-family home sales were estimated to be running at a seasonally adjusted annual rate of 649,000 units in April, down 2.6% from the March pace of 666,000 units. Unadjusted, MBA estimates there were 58,000 new home sales in April 2023, down 10.8% from 65,000...
by mdibrino@hqmloans.com | May 22, 2023 | Uncategorized
“Jeremy has been an integral part of Zillow’s growth since he joined the company,” said Zillow CEO Rich Barton. “He’s at the center of our strategy to capture a greater share of customer transactions in real estate while making it easier for more and more people to...
by mdibrino@hqmloans.com | May 19, 2023 | Uncategorized
He made allowances for year-over-year performance: “Of course, it’s still below from where we were a year ago a little bit,” he said. “We had a decline from $530,000 to $435,000. Part of that is seasonal. For the market, always the best time is in the first six months...
by mdibrino@hqmloans.com | May 19, 2023 | Uncategorized
As of May 11, the average 30-year fixed mortgage was 6.35%, down from 6.39% the week before but up from 5.30% a year ago. Holden Lewis, home and mortgage expert at NerdWallet, pointed out that while home sales activity is cooling, home price growth remained stable due...
by mdibrino@hqmloans.com | May 19, 2023 | Uncategorized
Freddie Mac chief economist Sam Khater said the uptick was due to “economic crosscurrents [that] have kept rates within a ten-basis point range over the last several weeks.” “After the substantial slowdown in growth last fall, home prices stabilized during the winter...
