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The Latest Breaking News from Mark Fleming

Why Jerome Powell’s latest rate cut still won’t help you get a lower mortgage rate

“Since this rate cut was no surprise, the markets have taken it in stride,” 43-year mortgage industry veteran Melissa Cohn told Fortune.

Fortune

Federal Judge Orders Over 600 ICE Detainees To Be Released From Custody

The order was made after finding that these individuals were arrested without a warrant or probable cause, and in violation of a consent decree.

Reason

Judge signals hundreds of people detained in Chicago immigration crackdown could be released on bond

A federal judge has signaled that hundreds of people arrested and detained in the Chicago area immigration crackdown could soon be released on bond while they await immigration hearings

The Independent UK

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Thousands Of Jailed Immigrants in Chicago Have Vanished From Federal Records, Human Rights Attorneys Claim

"These are folks that have been here for decades, have long standing ties to the community, family members, employment, businesses that are all being torn apart," said one attorney

Latin Times

The U.S. housing market is ‘finally starting to listen’ to homebuyers plagued by high mortgage rates and home prices, economist says

Mark Fleming’s analysis is based on First American’s Real House Price Index, which, unlike other home-price indexes, accounts for inflation.

Fortune

US immigration officers ordered to arrest more people even without warrants

Exclusive: Ice officers told to get ‘creative’ with arrests, including of undocumented people encountered by chance

The Guardian - US

ICE Reveals Latest Arrest Figure Since Inauguration; It's Still Well Short Of Trump's Goals

While arrests have increased compared to the Biden administration, ICE is still far from the 1,200 to 1,500 daily arrest quota set by Trump officials.

Latin Times

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Chicago Attorneys Accuse ICE of Manufacturing a Warrant To Arrest a U.S. Citizen

Chicago attorneys are demanding justice for at least 22 people who they believe were unlawfully arrested since the beginning of the Trump administration

Latin Times

The Fed cut doesn’t mean mortgage rates will suddenly fall. But lower rates are coming

Buyers, sellers, and refinancers can benefit from how much rates have dropped already, off the expectation that the Fed would deliver an interest rate cut this month—and it did.

Fortune

The brutal 2023 housing market was just like the 1980s—except with a little bit of Global Financial Crisis thrown in

Millennials face a housing market a lot like their parents experienced—with a dash of their early adulthood added, for good measure.

Fortune

Housing market experts split on whether the ‘silver tsunami’ of baby boomer downsizing will happen in 2024

Baby boomers hold the largest share of housing wealth, at $18 trillion. What's going to happen to it?

Fortune

The housing market is being haunted like Scrooge this holiday season as Fortune 500 chief economist sees 'housing market of Christmas past' settling in for 2024

Housing market of today mimics that of the 1980s, First American chief economist Mark Fleming says

Fortune

It’s official: The housing market is turning millennials into their parents. A Fortune 500 economist says it’s a deja vu market that is replaying the 1980s

When the boomers came of homebuying age, they had to contend with high rates, high inflation, and a crowded market. Sound familiar?

Fortune

Buyers—and sellers—need to prepare for mortgage rates nearing 8% and staying there indefinitely says a prominent chief economist

First American’s Mark Fleming says mortgage rates could get closer to 8%.

Fortune

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Fortune

House poor is back: 'the new normal for the foreseeable future'

"The current level of mortgage payments might be the new normal for the foreseeable future" says Buck Horne, director of equity research at Raymond James.

Benzinga

The Crisis In Housing, Part 1: A Lopsided Market

The Japanese novelist Kobo Abe once wrote, “There is always order in the distant view. No matter how strange the happening, it can never project from the frame, from the order which this distant view possesses.”

People

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