The House Financial Services Committee (HFSC) aims to play a role in the development of artificial intelligence (AI) as the technology impacts the financial services and housing industries. HFSC Chairman Patrick McHenry, R-North Carolina, and Ranking Member Maxine Waters, D-California, introduced bipartisan measures focusing on AI and its...
Only time will tell if the slight bump in inflation — measured by the latest Consumer Price Index for October and released by the Bureau of Labor Statistics on Wednesday (Nov. 13) — is a blip or something more. The data shows that prices were...
LoanDepot’s earnings showed growth in loan originations as interest rates fell, homebuyers looked to refinance, and the housing market has entered what management termed a more normalized environment. The company returned to profitability for the first time since the fourth quarter of 2022 and introduced...
The typical American homebuyer is older than ever before, National Association of Realtors data shows. The association’s 2024 Profile of Home Buyers and Sellers — the subject of a Bloomberg News report Monday (Nov. 4) — shows that the age of a typical homebuyer was...
December 11, 2024
The key takeaway from the Consumer Price Index (CPI) released Wednesday (Dec. 11) is that the pace of inflation pace quickened in November, as reported by the Bureau of Labor Statistics. Two key areas of essential spending — food and shelter — saw yet another boost to prices. Groceries were more expensive, month on month, […]
July 25, 2023
Paid-off homes and higher savings cushions could be behind the elder generation’s purchasing abilities. Even as they ease out of their peak earning power, baby boomers and seniors remain the...
June 13, 2023
Wall Street is parsing the latest inflation data, gaming the odds of another Fed rate hike — or pause. And while the headline data show that consumer prices overall rose...
November 16, 2022
The nation’s second-largest chain of hardware stores said Wednesday (Nov. 16) that its commercial or “Pro” business grew 19% last quarter, as consumers continue to invest in home remodeling projects...
December 02, 2024
The House Financial Services Committee (HFSC) aims to play a role in the development of artificial intelligence (AI) as the technology impacts the financial services and housing industries. HFSC Chairman Patrick McHenry, R-North Carolina, and Ranking Member Maxine Waters, D-California, introduced bipartisan measures focusing on AI and its impact, the HFSC said in a Monday (Dec. 2) press release. […]
November 04, 2024
The typical American homebuyer is older than ever before, National Association of Realtors data shows. The association’s 2024 Profile of Home Buyers and Sellers — the subject of a Bloomberg...
September 17, 2024
Entrata, an operating system for multifamily communities, has teamed with financial wellness solutions provider Flex. The collaboration, announced Tuesday (Sept. 17), lets residents divide their monthly rent into “smaller, more...
August 04, 2024
Loyalty rewards platform Bilt is valued at $3.2 billion after a new funding round. The company raised $150 million from a round led by the Ontario Teachers’ Pension Plan, Bilt...
