Morning Roundup (3/8/2022)– Working With Professionals In Person Is Important When Buying Property

Good Morning! Today is Tuesday, March 8. Ukrainians defended two crucial cities yesterday, shooting down three Russian fighter jets over Kyiv and preventing troops from entering Mykolaiv, on the Black Sea coast. Florida will recommend that healthy children not get a vaccine, contradicting the C.D.C.

The Mortgage Note Reports

Working With Professionals In Person Is Important When Buying Property: The CEO of Comey & Shepherd in Cincinnati says there is something to be said for working with realtors and mortgage lenders in person at a time when it seems like more and more of the home buying process can be done from a cell phone.

Big City Glow Up: Gen Z is reviving urban hotspots assumed to be dying out due to Covid-19, following promises of job opportunities and vibrant living.

New Delinquency Low: Mortgage delinquencies fell to their lowest level ever recorded by Corelogic in December 2021, accounting for only 3.4% of all mortgages.

And in other mortgage and housing news…

Mortgage Monitor: 2021 saw a record $4.4 trillion in mortgage originations and $1.2 trillion in cash-out refis as homeowners took advantage of soaring equity, Black Knight reported.

Love Letters Comeback: A federal judge has blocked Oregon’s ban on homebuyer “love letters,” saying it restricts free speech in violation of the First Amendment.

Credit Lagging In January: Consumer credit rose by $6.8 billion in January, less than experts expected, according to the Federal Reserve’s latest numbers.

Common Haus: The price of the most common U.S. home was $346,240 last week, with prices up 5.4% YOY.

Fannie’s Thoughts: As firms are walking back their 2022 housing market predictions, Fortune takes a look at Fannie Mae’s expectations for the rest of the year.

Stagflation Appears In Housing: For the housing market, “stagflation” is already here, Conor Sen argues in Bloomberg.

Have Rents Peaked?: Real estate tycoon Marvy Finger recently sold half his portfolio of Sunbelt apartments for $2 billion, saying the Covid-crazed rental market has peaked.