Fitch: Title revenue to rise 3% annually in 2024

Despite ongoing uncertainty and a variety of economic headwinds, Fitch Ratings is maintaining a neutral outlook on the title insurance market for 2024, according to a report released Thursday.Fitch said its neutral outlook is underpinned by Fitch’s view that mortgage rates are near peak levels. Alth
Read MoreHomebuilders slash prices to clear inventory as confidence sinks again in November

Elevated mortgage rates sank builder confidence again in November, but recent economic data suggests housing conditions will pick up in the coming months.Builder confidence dropped six points to 34 in November, the fourth consecutive monthly drop, according to the National Association of Home Builde
Read MoreMortgage rates trend down for the third straight week

Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. On Thursday, investors priced in a 99.7% chance that the Fed will hold interest rates steady in December, according to the CME Group’s FedWatch tool.The 30-year, fixed mortgage averaged at 7.4
Read MoreRobert Reffkin: ‘There has never been a better time to be in real estate’

Despite multiple class-action antitrust commission lawsuits, increased uncertainty over mortgage rates and low housing inventory, Compass CEO and founder Robert Reffkin says “there has never been a better time to be in real estate than right now.”Reffkin’s remarks were made on Wednesday on an outdoo
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