Good Morning! Today is Monday, June 17. Benjamin Netanyahu dissolved his war cabinet after two members quit. German police shot a man wielding an ax on a street crowded with soccer fans. Maryland’s governor will pardon 175,000 marijuana convictions.
The Mortgage Note Reports
More Counseling Access: A new final rule expands HUD homeownership counseling services for Tribal communities.
Not Looking Good: Existing-home sales could rise slightly through 2024 if circumstances allow, but right now they’re stifled by unaffordability and lack of inventory.
Technology Podcast: Generative AI is revolutionizing every aspect of the mortgage industry. Hear from industry leaders about its impact on accuracy, efficiency, and enhanced customer service.
In other mortgage and housing news…
Bonds Rally: Signs of cooling inflation have driven a furious bond rally this month, boosting stocks to records and promising to inject some life into the housing market.
First-Time Impact: Despite the increasingly challenging road to homeownership, first-time buyers influenced and diversified the housing market in 2023.
Condo Upkeep: Property insurance increases are hitting condo owners hard, and those who can’t afford higher fees are having trouble selling.
Mortgage-Free Living: A record number of homeowners have no mortgage. Here’s how it’s shifting the housing market.
Luxury Living: These cities offer the highest number of luxury and ultra-luxury houses for rent, bringing the art of mortgage-free and stress-free living to a whole new level