MARKET AND ECONOMIC NEWS
Nasdaq 100 Tumbles 2% as Technology Rout Deepens: Markets Wrap
Yahoo Finance – 1/13/2022
Technology companies dragged down stocks amid widespread calls from Federal Reserve officials to raise rates to prevent inflation from taking root in the U.S. economy.
Millennials become driving force in high-end housing
CNBC – 1/13/2022
Philip White, Sotheby’s International Realty, joins ’The Exchange’ to discuss millennials and the mark they’re making on the housing market.
Westchester Runs Out Of Home Listings In Rush To NYC Suburbs
Financial Advisor – 1/13/2022
The flight away from urban areas to healthier, safer and wealthier suburbs continues.
Housing Market Update: Home Prices Start New Year at New High
Redfin – 1/13/2022
The median home sale price surged 16% year over year during the week ending January 9 to an all-time high of $365,000.
Fannie Mae unveils free homeownership education course for first-time homebuyers
Mortgage Professional America – 1/13/2022
The free online course, called HomeView, provides comprehensive, easy-to-understand content and resources designed to prepare first-time homebuyers for all stages of the homebuying process.
MBA: Commercial Originators Expect Borrowing and Lending Growth in 2022
MortgageOrb – 1/13/2022
Commercial and multifamily mortgage originators anticipate 2022 will be another strong year of borrowing and lending.
Distributed by Carrington Communications.