Home Sellers Report Average Profit Of $121,000 In 2023
The profit actually marks the first decline in both gross profits and profit margins since 2011.
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Christine Stuart
News Director
Christine Stuart is the news director at NMP.
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U.S. Economy Defies Expectations With Robust 3.3% Growth In Q4 2023
Economic growth surpasses forecasts, consumer spending remains strong, and housing market outlook brightens.
Jan 25, 2024
Home Prices Surge By 5.1% In Four Weeks
Severe winter weather impacted real estate activity, leading to an 8% decline in pending home sales.
Jan 25, 2024
Homebuyer Affordability Improves In December
The MBA's measures of affordability show slight improvement to close out 2023.
Jan 24, 2024
California Mortgage Lender Faces Cease And Desist Order In Connecticut Over Unlicensed Originators
Connecticut banking commissioner alleges violations of Truth in Lending and Fair Credit Reporting Act.
Jan 24, 2024
ICE Report: December 2023 Delinquency Rate Hits 3.57%
Unusual Sunday month-end contributes to delinquency increase; serious delinquencies dip, foreclosures reach 18-month low, and prepayments rise in housing market.
Jan 24, 2024
Mortgage Applications Rise By 3.7%
Homebuyers drive uptick as refinancing activity remains low.
Jan 24, 2024
Mortgage Executive Headed To Fintech Firm
Mr. Cooper Group's outgoing president and vice chairman Chris Marshall is heading to fintech firm.
Jan 23, 2024
Slowing Home Price Growth Signals Market Shift
Redfin and First American Data & Analytics reports reveal changing dynamics in real estate.
Jan 23, 2024
Borrowers Paying More Discount Points for Mortgage Rates May Not Be Worth It, According to Freddie Mac Research
Higher mortgage rates in 2023 led to an increase in borrowers paying discount points, but the benefits may be limited, says Freddie Mac study.
Jan 23, 2024