Morning Roundup (12/8/2022) – Holiday Housing Market

Good Morning! Today is Thursday, December 8. Russian artillery hit a market in eastern Ukraine, killing at least 10 people. A search team found at least two classified documents among Donald Trump’s possessions. Two women are suing Apple, accusing it of failing to introduce effective safeguards to prevent stalkers from using AirTags.

The Mortgage Note Reports

Holiday Housing Market: Experts say the holidays, which are typically slow for the housing market, are a great time for Americans to weigh their options. Editor Kimberley Haas lays out what buyers and sellers need to know.

Foreclosures Peaking: November foreclosure activity was up from the same time last year but slipped 5% from October, remaining lower than pre-pandemic levels.

Fairway Goes For First-Timers: Fairway Independent Mortgage is offering first-time homebuyers in select communities up to $7,000 toward their down payment.

TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of the changing landscape.

How are you helping your community this holiday season? We want to know. Share your story by emailing us: [email protected]

In other mortgage and housing news…

Midwest Best: Wichita, Kansas, is the #1 metro for affordability-minded first-time home buyers, and Midwest metros dominated the top 10.

Doma Sheds More Workers: Title insurer Doma has laid off 515 employees— 40% of its remaining workforce– in its third round of layoffs.

Bad News For Inventory: New data from Bank of America found that 70% of homeowners ages 45 to 76 plan to or have retired in the home they already own.

Running Around In Confusion: We already know the market is in a slump, but forecasters have rarely disagreed so much over where it will go next.

Migrant Housing Trouble: Boston advocates say they’re taking in hundreds of migrants each month and running out of shelter, leading to creative solutions.

Fraud Alert: An LA broker defrauded lenders by using forged documents and fraudulent records to obtain more than $8 million in mortgage loans for his clients.