Morning Roundup (7/18/2024) — Change Takes Time

Good Morning! Today is Thursday, July 18. President Biden tested positive for Covid. In an unrelated interview, Biden said he would consider leaving the race if his doctors told him he had a serious medical condition. Destructive tornados killed at least one person in New York.

 

The Mortgage Note Reports

Change Takes Time: Single-family home price growth slipped in the second quarter of 2024, reflecting a slowly changing market, but buyers are waiting for a seismic shift.

Sagent C-Suite: Former Mr. Cooper exec Jaime Gow joined fintech Sagent as its CFO.

In other mortgage and housing news…

International Attention: Foreign investment in U.S. real estate fell to its lowest level since at least 2009 last year as average purchase prices reached an all-time high.

Hot And Cold: The average monthly mortgage payment is down $115 as rates cool to a multi-month low but remain just under April’s all-time high.

CRE Woes: The commercial real estate meltdown is spilling into the bonds market, according to the WSJ.

ATL #1: Atlanta is the best U.S. city for Gen Z buyers and renters, offering education, outdoor spaces, and a young population…

Best And Worst: …plus, WalletHub ranked the best and worst cities for first-time homebuyers of any generation.

Company News: PrimeLending now offers Loan LIft; Rocket Mortgage became a presenting partner for Tennis in the Land.

JPMC x UnidosUS: JPMorganChase and UnidosUS revealed a $6 million commitment to support Latino homebuyers through expanded credit access and housing supply.