Morning Roundup (4/11/2022)– Office Space Vacancies, Vacation Home Demand

Good Morning! Today is Monday, April 11. Pittsburgh Steelers quarterback Dwayne Haskins was killed by a dump truck while trying to cross a highway on foot in South Florida. Biden will announce a new firearm regulation Monday meant to contain the use of privately made weapons. Elon Musk has decided not to join the board of Twitter. The Mortgage Note Reports Office Space Vacancies: Writer Chuck Green reports that office vacancy rates are being monitored closely as the commercial space industry continues to grapple with COVID’s effects on the workplace. Vacation Home Demand: Second-home demand fell for a second straight month as rising rates and increased fees deter buyers. Better Loses Another Exec: Better.com CTO Diane Yu is stepping back…

Better.com CTO Moving Into “Advisory” Role

Better.com is losing another C-suite executive in the wake of its controversial layoffs. Chief Technology Officer Diane Yu is stepping back into an advisory role, TechCrunch reported after obtaining an internal memo circulated at the company. The memo states that the move gives Yu “more flexibility to spend more time with her family and additional time in Hong Kong.” It is signed by Better’s infamous CEO Vishal Garg. Better.com has seen rapid turnover of execs after firing 900 employees on a Zoom call last December. Garg told the employees that they were “part of the unlucky group that is being laid off,” and that their employment was “terminated effective immediately.” The employees were then locked out of their work computers.…

Morning Roundup (1/20/2022)– Application Surge, Home Price Appreciation Accelerating

Good Morning! Today is Thursday, January 20. President Biden suggested he would break up his climate and social spending bill to improve the chances of passage. Senate Democrats failed to alter the filibuster to pass voting legislation, with Joe Manchin and Kyrsten Sinema voting with Republicans. Starbucks rescinded its vaccination requirement after the Supreme Court struck down Biden’s mandate. And in mortgage and housing news… Loan Applications Surge: Mortgage loan application volume rose 2.3% from last week, MBA’s weekly survey reported. Acceleration In Full Swing: Monthly home value appreciation accelerated for the first time since July as potential buyers continue to outnumber new listings, driving December inventory to an all-time low. New Home Purchase Apps Down: Mortgage applications for new…

Morning Roundup (12/13/2021)– Mortgage Credit Down, OCC Reports Improvement

Good Morning! Today is Monday, December 13. At least 90 people are dead after tornadoes leveled 250 miles across six states. Stock buybacks hit a record $234.5 billion in Q3 as companies responded to pandemic hardship. Chris Wallace is leaving Fox News to join CNN. And in mortgage and housing news… Reality Check: There will be more houses on the market in 2022 because of the number of people who have died due to COVID-19 and its variants, a sobering reality was highlighted during the National Association of Real Estate Editors conference in Miami, Fla., last week. Mortgage Credit Down:  Mortgage credit availability shrank in November, falling by 0.6% to 124.9, according to MBA’s Mortgage Credit Availability Index. OCC Reports…

Morning Roundup (12/06/2021)– Omicron Fears, Zillow Recovery

Good Morning! Today is Monday, December 6. Former Senate Majority Leader and Republican Presidential Nominee Bob Dole died yesterday. He was 98 years old. Bitcoin recovered from a weekend crash that brought its value below $50,000. Omicron may have been spreading at a New York anime convention before cases were officially confirmed in the US. And in mortgage and housing news… Market-Crash Flashback?: Fannie Mae and Freddie Mac have raised their loan limits to nearly $1 million in some communities. Does that mean lenders are repeating the same mistakes which led to the 2008 crash? Analysts React To Omicron: How will Omicron impact the housing market? Analysts are optimistic it won’t cause significant damage. Zillow Bouncing Back: Zillow is recovering…