Apartment permits are back to recession lows. Will mortgage rates follow?
In Tuesday’s report, the 5-unit housing permits data hit the same levels we saw in the COVID-19 recession. Once the backlog of apartments is finished, those jobs will be at risk, which traditionally means mortgage rates would fall soon after, as they have in previous economic cycles.However, this is
Read MoreHomeServices faces possible damages of $4.7B in Sitzer/Burnett suit

As the final defendant left in the Sitzer/Burnett commission lawsuit, it appears that HomeServices of America may be left holding the bag for the vast majority of the damages in the case. On Monday, the plaintiffs filed a motion for entry of judgment in a Kansas City district court. In their motion,
Read MoreAmid Democratic housing push, Arizona governor vetoes starter homes bill

As President Joe Biden prepared to give a speech on his administration’s housing priorities in Las Vegas on Tuesday, some members of the Arizona Legislature and housing advocates in the state were stunned by the decision of Democratic Gov. Katie Hobbs to veto a bipartisan bill that seeks to address
Read MoreMichael Bremer joins Calque as CEO

Calque, a company that partners with lenders to offer non-contingent mortgages to homebuyers, has appointed Michael Bremer as CEO. Before joining Calque, Bremer (a 2020 HousingWire Insider), served as the executive vice president of enterprise operations at CoreLogic.“I am thrilled at the chance to
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