Did little-known Arizona law start the appraiser death clock?

Did little-known Arizona law start the appraiser death clock?

Gov. Ducey inadvertently hands a victory to AMCs

JPMorgan’s Dimon to Sen. Warren: Hit me with a fine. We can afford it

New afterword from Warren’s book reveals tense exchange

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan
W S
Investments / The Ticker

HW 30 stocks follow market up

Exceptions are REITS following rising Treasurys

profits up
/ Print / Reprints /
| Share More
/ Text Size+

On a record breaking day for the Dow Jones Industrial average, housing stocks seem to be following the gains seen in the larger market, with the HW 30 stock index up half a percent on the day. 

It’s not all rosy, however, as mortgage REITs are feeling the effects of rising Treasury yields, with Annaly Capital Management (NLY) down 1.34%, Redwood Trust (RWT) down 1.29% and American Capital (AGNC) down 1.11%.

Ironically, the biggest gainers — Move (MOVE), up 4.85%, and Zillow (Z), up 1.52% — are locked in a legal battle over Zillow’s hiring of Errol Samuelson, former chief strategy officer at Move and now chief industry development officer at Zillow.

Homebuilders showed moderate gains on good jobs numbers. D.R. Horton (DHI) is up .61%, Toll Brothers (TOL) is up .38% and Lennar (LEN) is flat.

Launched on Aug.1, 2013, the HW 30 equity index is designed to capture the heartbeat of those publicly-traded firms that represent the very backbone of what we at HousingWire have taken to calling the "housing economy" in the United States.

Recent Articles by Sarah Wheeler

Comments powered by Disqus