Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

Signs point to tepid September job creation

HP layoffs, increased jobless claims spell worry

After a rough August with just 173,000 jobs added by employers, September only looks to do a little better, according to early signs and forecasts.

A mass 30,000 layoff announcement at Hewlett-Packard skewed Challenger's September count upward, to 58,877 versus August's 41,186.

The layoff count is now heading for the highest total since 2009 with the year-to-date count, at 493,431, already higher than all of last year.

This monthly report counts and categorizes announcements of corporate layoffs based on mass layoff data from state departments of labor.

Total jobless claims climbed by 10,000 to 277,000 in the week ended Sept. 26, above analysts expectations, according to the weekly report from the Labor Department. Initial jobless claims reflect weekly firings.

Analysts predicted jobless claims would rise to 272,000 in the Sept. 26 week. In the week ending Sept. 19, the advance figure for seasonally adjusted initial claims was 267,000, an increase of 3,000 from the previous week's unrevised level of 264,000.

Finally, ADP's call for Friday's September employment report is on the high side but only slightly, at 200,000 for private payroll growth.
Other analysts are not so optimistic, calling for a print closer to 190,000.
 

Most Popular Articles

The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

Jul 20, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please