Morning Roundup (1/26/2023) — Seller Profits Rise Above 50%

Good Morning! Today is Thursday, January 26. Donald Trump will regain access to his suspended Facebook and Instagram accounts. A drugmaker filed a lawsuit in federal court to challenge West Virginia’s ban on abortion pills. The Biden administration formally announced that it will provide 31 M1 Abrams tanks to Ukraine.

The Mortgage Note Reports

Remote Compliance: Leaders at ActiveComply say their new digital service helps companies in highly regulated industries stay compliant when using remote workers. Editor Kimberley Haas has the story.

Seller Profits Rise: Home seller return on investment rose to 51% at the end of 2022 despite slowing sales and moderating prices.

One Day Mortgage?: says its customers can now get pre-approved, lock their rate, and get a mortgage Commitment Letter, all within 24 hours.

Listen To Our Podcast: This podcast highlights the successes and innovations taking place in the mortgage industry.

TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of the changing landscape.


In other mortgage and housing news…

GDP Beats Expectations: The U.S. GDP rose 2.9% in the fourth quarter of 2022, slightly more than expected even as recession fears loom.

Plowing Ahead: Most Millennials say inflation has impacted their homebuying plans but rather than bowing out, they’re looking at smaller homes or focusing more on saving.

Seeing Improvement: The housing market has begun to recover after hitting a low point in the second week of November, though it’s not out of the woods yet.

Renting Still Easier: On average across the 50 largest U.S. metros in December, a typical renter paid nearly $800 less in monthly payments than a starter homeowner.

Cheapest States: A new study ranked the top 10 cheapest states to live in, with New Hampshire at #1 for its low cost of living.

Move Inc Sale: Rupert Murdoch’s News Corporation is in talks to sell Move Inc, the parent company of listings giant, to CoStar Group.

Prepping For The Worst: Personal finance guru Suze Orman offers these tips on how to prepare for the possibility of a layoff.