Good Morning! Today is Monday, November 7. World leaders are gathering in Egypt for climate talks. Meta, Facebook’s parent company, plans layoffs this week. The Powerball jackpot rose to $1.9 billion, and the next drawing is tonight.
The Mortgage Note Reports
Get A Mortgage At Walmart: Lenders One Cooperative is planning to open branch locations at select Walmart stores in seven states. Editor Kimberley Haas sat down with President Justin Demola to talk about the opportunities they see in these locations.
Best Cities For Vets: Raleigh, NC, took the top spot for the best place for veterans to live in a new report analyzing the most military-friendly U.S. cities.
Equity Tumbles From Q2: Homeowner equity is down $1.3 trillion from Q2, the largest quarterly drop by dollar value ever recorded “by far.”
In other mortgage and housing news…
Asking For Help: Lobbyists representing builders, realtors, and lenders are urging Congress to intervene to spur more home construction and boost affordability.
Can Anyone Afford A Home?: Buying a home has become a stretch even for two-income households and is more out of reach now than for past generations.
Glimmer Of Hope: A handful of demand measures stabilized after weeks of declines as some first-time and low-budget buyers ventured back into the market.
Wrong All Around: The biggest misconception among would-be buyers is that prices will crash, while sellers wrongly think bidding wars and quick sales are still common.
New All-Time Low: Consumer confidence in housing fell for the eighth straight month to its lowest reading since the index first started in 2011.