Morning Roundup (11/22/2021)– Existing-Home Sales Up, Investors Sue Zillow

Good Morning! Today is Monday, November 11. Kyle Rittenhouse was acquitted on all charges. An SUV that drove into a Wisconsin holiday parade killed at least five people and wounded 40. Two Fox News contributors resigned in protest of a Tucker Carlson documentary featuring debunked conspiracy theories.

And in mortgage and housing news…

Existing Home Sales: Existing-home sales rose in October for the second month straight, though sales year-over-year are down 5.8%.

Zillow Lawsuit: Investors are suing Zillow, saying they made misleading statements about the financial security of Zillow Offers. The law firm helming the claim has put out a call for investors who lost big to join in.

Auctions This Week: The Treasury Department is holding auctions for two-, five-, and seven-year notes Monday and Tuesday in order to complete their monthly cycle before Thanksgiving.

UWM Cancels Secondary Offering: UWM stock plummeted after the company announced its planned secondary stock offerings, causing the company to reverse course and cancel two days later.

FHA Expectations For Appraisers: The FHA released a letter emphasizing appraiser requirements under the Fair Housing Act and the importance of fighting discriminatory practices.

Radian Home Price Index: Home prices across the nation continued to rise in October, though at a slightly slower pace than in September.

“Experience The Alliance”: LGBTQ+ Real Estate Alliance announced it will host a virtual conference on Thursday, December 9, with 20 sessions throughout the day.

Across The Pond: Some of the UK’s largest lenders are denying mortgages to new mothers due to temporary earning declines during maternity leave.

NYC High Rollers: The 10 largest Manhattan real estate loans of October doubled September’s numbers, totaling $2.1B and including a cash-out refi and acquisition loans.