Morning Roundup (1/27/25) – New Home Sales

Good Morning! Today is Monday, January 27. ICE began immigration raids in Chicago without notifying state or city officials. The State Department froze new funding for nearly all US aid programs worldwide. Whole Foods workers will vote today on whether to form the chain’s first union. The Mortgage Note Reports Watching Closely: As President Donald Trump says he will pressure the Fed to lower interest rates, housing industry members will be watching the FOMC meeting this week closely. Writer Patrick Lavery has the story. New Home Sales: Buyers took advantage of increasing new construction inventory in December, giving purchase activity a boost at the end of the year. DMS Opens Doors: Former Pittsburgh Steelers running back and mortgage veteran Chuck Sanders opened Diverse Mortgage Services with his son. |
Quote Of The Day “House price growth nationally started 2024 strong at a 7% annualized pace of growth but gradually slowed over the course of the year… If similar conditions persist through 2025, we should expect very moderate price appreciation.” Mark Fleming, chief economist at First American |
In other mortgage and housing news… “Startled” Consumers: Economic anxiety is on the rise among consumers for the first time in six months due to inflation and high interest rate fears. Affordability Help: The Federal Home Loan Bank of Cincinnati’s Welcome Home Program, providing down payment and closing cost grants, will open March 3. Ripple Effect: Former HUD Secretary Adrianne Todman said the severe lack of starter homes has financial implications “even for the middle class” at Inman Connect. Company News: The Mortgage Collective named Jodi Hall its new president and CEO. Tracking Disasters: Vexcel Imaging, a global leader in aerial imagery, will provide CoreLogic with informative disaster photos, including for the LA wildfires. |