Morning Roundup (12/10/2024) – 2025’s Top Markets

Good Morning! Today is Tuesday, December 10. Police have arrested and charged a suspect in the murder of the United Healthcare CEO. A volcanic eruption forced a mass evacuation in the Philippines. Google unveiled a quantum computing chip.

The Mortgage Note Reports

2025’s Best: The top markets of 2025 have available inventory, relative affordability, and plenty of young, diverse families.

Foreclosure Report: Foreclosure activity continued to simmer last month as filings slipped thanks to seasonal declines, but starts and completions increased on the year.

In other mortgage and housing news…

Sinking Demand: Mortgage lock volumes plummeted by 25% in November as rates turned back up, hitting their highest levels since July.

TikTok’s Fate: TikTok asked an appeals court to hit the brakes on its upcoming ban, a move being closely watched by LOs who use the app to drive traffic.

Another NAR Investigation: A NAR nonprofit is allegedly funding conservative advocacy groups that have little to do with real estate and housing, NYT reports.

Fed Backs Off: Property management software firm RealPage said the DOJ has ended an investigation into the company after suspicions of illegal pricing of rental housing.

HUD Grant: HUD awarded $72.6 million to 38 Native American communities across the country for affordable housing, infrastructure, and community facilities.

Opinion: Almost two-thirds of U.S. homes were built before 1990 and need to be modernized — which is why flippers might be the key to solving the housing crisis.