Record home prices mask ‘multiple housing cycles’ fragmenting U.S. market

Cotton futures are trading with 12 to 25 point losses on the Thursday session. Crude oil is down $1.68 cents/barrel at $66.70, with the US dollar index $0.171 lower to $97.370.  USDA Export Sales data showed 75,089 RB of old crop cotton bookings in the week ending on July 3. Of that total, 33,600 RB…

Slightly Stronger But There’s a Catch 2 Hours, 0 Min ago Slightly Stronger But There’s a Catch Bonds had a decent day with MBS up more than a quarter point and 10yr yields down 3bps to 4.54+.  While that adds some emphasis to the rejection of a technical breakout above 4.59%, we…

A four-story office and retail building across the street from the former Macy’s department store in Downtown Brooklyn has traded, Commercial Observer has learned. Midwood Investment & Development, a New York City-based real estate development and management firm, purchased 423 Fulton Street — opposite the former Macy’s at 422 Fulton Street — for $9.5 million,…

Estate-planning attorneys often hear some version of the same request: “We just want something simple.” The request makes sense. Clients can feel overwhelmed by legal terminology, tax rules, fiduciary structures, family dynamics and the emotional weight of planning for death, disability, divorce or beneficiary vulnerability. They may also worry that complexity means higher fees, more…

The second quarter likely ended with Rocket regaining the No. 1 spot among mortgage originators from United Wholesale Mortgage, an industry prognosticator says. Processing Content Second quarter volume is expected to increase by 3% quarter-to-quarter for five companies BTIG analyst Douglas Harter covers: loanDepot, PennyMac Financial Services, Rithm, Rocket and UWM Holdings. The consensus gain…

The wheat complex is mostly lower across the three exchanges. Chicago SRW contracts are down 2 to 3 cents on the day. KC HRW futures are down 7 to 8 1/2 cents at the midday part of the session. MPLS spring wheat is steady to fractionally lower on Monday. USDA’s FGIS tallied wheat export shipments…