Cheap-Money Homeownership in America is Over, Time to Face a New Cost Reality

Morgan Stanley Says Pre-Biden Era Home Affordability is Gone Forever New Morgan Stanley analysis delivers a sobering verdict: America's housing market isn't in a temporary slump--it's locked into a higher-cost, lower-turnover equilibrium that won't revert to the cheap-money conditions of the 2010s. For millions priced out of homeownership, the long-held bet was straightforward: wait out surging prices,...

UWM, Two Harbors CEOs clash in emails ahead of CCM deal vote

Executives at United Wholesale Mortgage (UWM) and Two Harbors Investment Corp. (TWO) raised the heat in an email exchange during their latest round of deal negotiations. TWO mentioned that UWM could be trying to frustrate competitor CrossCountry Mortgage (CCM) in its efforts to acquire Two Harbors, while UWM alleged that TWO executives are prioritizing their own compensation in detriment of...

Fathom agents briefed on Bed Bath & Beyond acquisition plan

Fathom Holdings Inc. told its agents that its pending sale to Bed Bath & Beyond Inc. is intended to create an “Everything Home Ecosystem” that keeps real estate agents at the center of an expanded homeownership services platform, according to an internal email filed Monday with the Securities and Exchange Commission. Filed June 22 under SEC Rule 425, the email was sent to Fathom’s agents after...

Will the Fed really hike rates 3 times in 2026, per Bank of America?

First, let me address the main question: Does Bank of America’s new forecast of three rate hikes before the end of the year make sense? The short answer is: No. Three Fed rate hikes in 2026 doesn’t make sense, nor has the marketplace priced in three rate hikes in such a short amount of time.  So, what gives? Why did Bank of America say this? Let’s break this down. Fortune reported: “In a...

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