Morning Roundup (3/6/2023) — Million-Dollar Homes Disappearing

Good Morning! Today is Monday, March 6. Biden said voting rights are still “under assault” in a speech in Selma, AL, on the anniversary of a 1965 police attack on Black protesters. South Korea will set up a fund to pay citizens who were forced to work for Japanese companies during World War II. Homelessness is increasing again in the U.S.

The Mortgage Note Reports

Million-Dollar Homes: After nearly doubling from pre-pandemic numbers, million-dollar homes are disappearing in some metros as the market corrects.

Churchill Execs: Churchill Mortgage announced two key executive changes as the company refines its workforce despite the housing slowdown.

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.

In other mortgage and housing news…

Mortgage Monitor: January was the fourth consecutive month of declines in for-sale inventory, despite seeing improvement in shortages early last year, Black Knight said.

Lender Search: Scotsman Guide launched Lender Search, a marketplace for mortgage brokers to find wholesale lenders that can fund residential and commercial loans.

Long-Term Relationship?: “Marry the house, date the rate” is actually bad advice, Alexis Leondis argues in Bloomberg.

Under Pressure: One Moody’s analyst said the U.S. housing market is “crumbling” under the pressures of higher mortgage rates and low affordability.

“Luck Of The Irish”: LendingTree examined where people with Irish ancestry make up the largest share of the population — and what their finances look like.

Pet Power: Check out these five ways pets impact homebuyers’ decision-making.