Morning Roundup (8/8/2022) – Price Growth Breakdown

Good Morning! Today is Monday, August 8. The Senate passed the Democrats’ climate and tax bill with a 50/50 split vote. Kamala Harris broke the tie, and the House is expected to pass it this week. Israel and Palestinian militants in Gaza agreed to a cease-fire, ending three days of fighting.

The Mortgage Note Reports

Price Growth Breakdown: Home price appreciation is leveling out on a national level, but zooming in by price point and region reveals a more complex picture.

Santander x Rocket: Santander chose Rocket Mortgage as its preferred mortgage provider, and its 2 million clients will receive home loan discounts from the company.

And in other mortgage and housing news…

Weed And Real Estate: TRD breaks down the obstacles and opportunities emerging for real estate professionals in the budding marijuana industry.

Watch For A “Shakeout”: Santander left the mortgage business in February; now its U.S. CEO says other firms will be forced to exit the industry as refinance activity dries up.

Work-From-Home: Marcus and Millichap CEO Hessam Nadji called hybrid work a “much bigger concern” for commercial real estate than either inflation or a recession.

Blockchain’s Potential: A Deloitte study suggests that blockchain technology could take over 50% of the entire leasing and sale process across commercial real estate.

FormFree, HomeScout: FormFree has partnered with HomeScout to launch a tool that delivers lenders consumer-permissioned data earlier in the homebuying process.

Early Demand: Early-stage measures of homebuyer activity such as online searches, requests for tours, and mortgage applications rose as rates fell below 5%.

Ginnie Mae Requirements: Ginnie Mae amended its capital requirements for federally insured credit unions and state housing finance agencies.

Working Towards Change: Three challenges facing the affordable housing market, and how industry leaders can start addressing them.