Morning Roundup (11/28/2023) — Home Prices Hit Another Record

Good Morning! Today is Tuesday, November 28. Rosalynn Carter’s memorial service is today in Atlanta. New Zealand’s government said it will repeal a law banning cigarette sales. Hunter Biden agreed to testify before the House Oversight Committee on Dec. 13.

The Mortgage Note Reports

Case-Shiller Index: Home prices hit another record high this fall as stock shortages spurred competition for well-priced homes.

Ascent Buys VA: Ascent Software Group, the appraisal software company behind end-to-end suite Jaro, has acquired tech developer Value Acceptance.

Data Beats: Leaders at Tavant say they are using generative AI to redefine the financial services landscape. Editor Kimberley Haas has the story.

In other mortgage and housing news…

New HPI: Redfin introduced its own Home Price Index, which it says is similar to but more current than the Case-Shiller index.

Hottest Markets: The Northeast dominated’s list of October’s hottest housing markets, with the Manchester–Nashua, NH, metro once again taking the top spot.

Rebound 2025: Fannie Mae still expects a mild recession in 2024 but says mortgage rates should trend down, leading to a resurgence in home sales through 2025.

Pay-To-Pay Suit: A West VA couple accused loanDepot of unlawful charges for phone payments, in the wake of a major Mr. Cooper settlement over extra fees.

Company News: FormFree appointed MX Tech Founder Ryan Caldwell to its board of directors; CRE investor Trez Capital named John L. Creswell as a managing director.

“Uneasy Arrangement”: Divorced couples are being forced to keep living together thanks to high mortgage rates and housing costs.