
Pending Sales Dip as Affordability Gains Fail to Spark Demand
The National Association of Realtorsโ Pending Home Sales Index (PHSI) slipped modestly in January, easily prolonging its stay in a narrow range near all-time lows. Pending home sales decreased 0.8% month over month and were down 0.4% compared with the same time last year. While affordability conditi
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Fraud, Retention, Marketing Tools; Assessing Income; STRATMOR on Org. Structure; Non-Agency Updates
Mail-related check fraud never seems to go away, and the FBI reminds us that blue gel pens certainly help in reducing check fraud. โRob, are you hearing that the increase in the popularity of artificial intelligence has led to an increase in mortgage fraud?โ Yes, I have. It can be insidiousโฆ it may
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Opening Salvo of Data Fails to Inspire
At the time of this writing, there are still a few econ reports left on deck, but the big ones are out. GDP missed big (1.4 vs 3.0), but largely for non-economic reasons. For instance, the BEA noted an entire 1% of the decline from the 4.4% reading in Q3 was due to the way it counts federal worker l
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Bonds Punt. Focus Turns to Friday's Econ Data
Bonds Punt. Focus Turns to Friday's Econ Data Bonds spent the past 2 days pushing back toward slightly higher yields after the 10yr nearly hit 4.0% in Tuesday's overnight session. While there was probably some technical resistance at work, Thursday suggests it wasn't a lasting, thematic shift.
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