Good Morning! Today is Tuesday, December 12. Two Georgia election workers are seeking $43 million in defamation damages from Rudy Giuliani. Volodymyr Zelensky is in Washington today to ask for additional aid. A jury ruled that Google violated antitrust laws to extract fees and limit competition from developers on its mobile app store.
The Mortgage Note Reports
“Home For Sale Nearby”: Rocket Homes made its iOS app available on CarPlay so users can discover nearby listings while commuting.
Upright Upgrade: Upright introduced DSCR rental loans — non-QM loans that don’t require personal income verification — for real estate investors.
ICYMI: Holiday home sales are more common than people think. Writer Nicole Murray shared tips for sellers and agents to make these properties more attractive to buyers.
In other mortgage and housing news…
Inflation Little Changed: The core CPI increased 0.3% from October and 4% YOY, in line with estimates but not the improvement analysts hoped to see.
Price Growth To Fall: A panel of housing experts expects home price growth to slow to 2.4% in 2024 and 2.7% in 2025, Fannie Mae said.
Winter Cyles: Foreclosure activity fell 7% month-over-month due to cyclical seasonal influence, but an uptick is likely in the new year.
Home-Hoarding “Grinches”: FirstAm’s HPI found prices up 7.6% YOY as homeowners resist listing their homes, though more sellers should appear in 2024.
Rent Cooldown: Asking rents fell 2.9% YOY, the second straight month of declines and the first time in 3 years they’ve dropped more than 1%.