Morning Roundup (2/27/2024) — New Record Home Price High

Good Morning! Today is Tuesday, February 27. Michigan is having its presidential primaries today. Biden said negotiators were close to a deal to release hostages held by Hamas in exchange for a temporary cease-fire. Sweden will join NATO after Hungary’s Parliament voted to accept it.

The Mortgage Note Reports

High Prices: Home prices rose month-over-month and YOY after seasonal adjustment in December, the seventh straight month to hit a record high.

New Home Sales: Buy Before You Sell fintech Knock is letting individuals invest in the company before it goes public or gets acquired.

Embracing Tech: The COO at Blue Sage Solutions says they have more prospects in their pipeline than ever before as lenders turn to technology. Editor Kimberley Haas has the story.

In other mortgage and housing news…


Where’s The Cooldown?: Pandemic disruptions may have muddled the measurement of home prices in inflation data, complicating the Fed’s rate decisions.

Buffet Backs Off: Warren Buffett walked back the bet he made on the housing market last year, selling off recently bought stocks in major U.S. homebuilders.

Borrowers Struggling: Delinquencies climbed across all VantageScore credit tiers and products in January 2024, and new mortgage originations slipped.

Company News: CoreLogic promoted Kevin Greene to Executive, GM Real Estate Solutions; Kim Hoffman was named President of Adfitech; Mosi Gatling joined NAF as SVP of Strategic Growth and Expansion.

Don’t Bet On Conversion: Goldman Sachs strategists say empty offices won’t be much help in correcting the housing shortage.