New home sales market welcomes lower mortgage rates

New home sales missed sales estimates, but the builders’ stocks have been roaring higher. What gives? There are two key things to remember before I go into the report’s details. Mortgage rates rising to 8% in October impacted the data line, which I spoke about on CNBC recently.Also, new home sales a
Read MoreWhat makes Gen Z homebuyers different?

Entering the real estate finance world in the summer of 2022 as a 23-year-old, I immediately felt like a fish out of water. Attending industry-related conferences and visiting clients, I was typically the only person in the room under the age of 30. Our industry is full of professionals with decades
Read MoreNovember sees the lowest level of new home sales in a year

New home sales fell month-over-month in November to their lowest level since last November. But despite this dip, 2023 is poised to be one of homebuilders’ busiest years. Total new home sales are expected to reach about 5% higher than last year, while sales of existing homes are down by nearly 20% y
Read MoreWilliston Financial Group’s MyHome acquires Volly

Williston Financial Group is closing out 2023 with yet another acquisition. The firm announced Thursday that MyHome, a WFG subsidiary, has acquired technology and marketing services provider Volly.The financial terms of the deal were not disclosed.“Since inception, both WFG and MyHome have been dedi
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