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29.09.26 - 23:42
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CMHC on Canada′s Housing Market (Bloomberg)
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Mathieu Laberge, Chief Economist & Senior Vice President, Housing Insights, CMHC, discusses the outlook for Canadian homebuilding, prices and demand and what is required to bring new housing to market at greater speed and scale, with Bloomberg's Paula Sambo at the 2026 Canadian Finance Conference. (Source: Bloomberg)...
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29.09.26 - 17:46
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Record Plunge In Real-Estate Job Opening Sends JOLTS Sharply Lower, Hints At Ugly Jobs Report (ZeroHedge)
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Record Plunge In Real-Estate Job Opening Sends JOLTS Sharply Lower, Hints At Ugly Jobs Report
After five straight months of JOLTS beats earlier in the year, including two blowout prints for April and May and zero misses since 2025, the June JOLTS report was a surprising miss (despite the previously discussed surge in government job openings). One month later, the July JOLTS report made it two misses for two, when the US reportedly had 7.271 million job openings, modestly below the consensus estimate. Fast forward to today when moments ago the BLS reported that in August the number of job openings dropped from an upward revised 7.335 million (which ironically would have been a beat to last month's estimate), to 7.079 million...
.... missing the consensus estimate of 7.228 million for the third month in a row.
Notably, this was the first upward revision to the data after three months. Of course, nobody can possibly forget the three straight years of negative revisions between 2023 and 2025...?...
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29.09.26 - 17:46
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FICO Crashes Most Since 2004 As Pulte′s Mortgage Score Shakeup Threatens Its Moat (ZeroHedge)
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FICO Crashes Most Since 2004 As Pulte's Mortgage Score Shakeup Threatens Its Moat
Fair Isaac, the company that produces FICO scores, saw its shares crash the most in 22 years early Tuesday in cash trading after Federal Housing Finance Agency Director Bill Pulte announced on X that a mortgage-pricing change that Wall Street analysts say could accelerate adoption of rival VantageScore and undermine FICO's moat.
"We are Simplifying Mortgage Pricing following feedback from lenders and consumers. Instead of two separate pricing grids, which makes zero sense, Fannie and Freddie are hereby moving to ONE PRICING GRID with VantageScore joining the existing FICO Classic pricing grid," Pulte posted on X Monday.
We are Simplifying Mortgage Pricing following feedback from lenders and consumers. Instead of two separate pricing grids, which makes zero sense, Fannie and Freddie are hereby moving to ONE PRICING GRID with VantageScore joining the existing FICO Classic pricing grid. pic.twitter....
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29.09.26 - 16:12
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US Home Prices Are Rising At Their Fastest Pace In Over A Year, But... (ZeroHedge)
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US Home Prices Are Rising At Their Fastest Pace In Over A Year, But...
Amid soaring mortgage rates, new home prices falling rapidly, and collapsing homebuilder confidence, US home prices in America's 20 largest cities rose for the fourth straight month in July (according to the latest - admittedly lagged - data from S&P Cotality Case-Shiller).
The 20-City Composite index rose 0.32% MoM (far stronger than the 0.2% MoM rise expected) in July. That is the strongest monthly rise since Dec 2025 and lifted the annual home price appreciation to its fastest pace since May 2025...
This was "a notable departure from typical seasonal patterns,' said Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices.
For the fifth consecutive month, Chicago led all metros with a 6.9% annual gain in July, but New York and Miami both saw large jumps. Meanwhile, Seattle posted the largest annual decline for the second consecutive month, falling 1.6%, followed by Las Vegas (-1.3%) and Denver...
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29.09.26 - 15:24
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UK mortgage demand drops to 32-month low as Iran war drives up borrowing costs (The Guardian)
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Average five-year fixed mortgage interest rate has hit 5.94%, its highest since October 2023, says MoneyfactsBusiness live – latest updatesDemand for UK mortgages slumped to a 32-month low in August as buyers were deterred by rising costs linked to the war in Iran.Just 54,918 mortgages for new home purchases were approved in August, the Bank of England reported on Tuesday, the lowest monthly total since December 2023. Continue reading......
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29.09.26 - 14:12
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UK Mortgage Approvals Fall To 32-Month Low (AFX)
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LONDON (dpa-AFX) - UK mortgage approvals declined to a 32-month low in August amid higher borrowing costs, while consumer credit reached a record high, data from the Bank of England showed Tuesday......
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29.09.26 - 12:00
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Eunis Chan, Angela Leong sell luxury Hong Kong properties as rate increases loom (SCMP)
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As the shadow of possible interest rate increases darkens Hong Kong's property market outlook, well-known people including model-actress Eunis Chan Ka-yung and billionaire Angela Leong On-kei have recently decided the time was right to sell luxury properties, according to market sources.
Chan sold a two-bedroom Mid-Levels flat for HK$32.25 million (US$4.1 million), making a profit of about 130 per cent, while Leong, a businesswoman and Macau legislator who was the fourth wife of the late casino......
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