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☆ Home prices began to cool in November after nine straight months of gains, S&P Case-Shiller says
▼ + stars: | 2024-01-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. Prices nationally were still higher than the year before, and those annual gains increased again relative to the prior month. They rose 5.1% from November 2022, up from a 4.7% annual increase in October. "The rate has since fallen over 1%, which could support further annual gains in home prices." Prices rose 8.2% in November, followed again by San Diego with an 8% increase.

Persons: Freddie Mac, Brian Luke, Luke Organizations: Federal Reserve, Detroit, Midwest Locations: Lake Pointe Subdivision, Austin , Texas, Seattle, San Francisco, Miami, Tampa, Atlanta, Charlotte , New York, Cleveland, San Diego, Portland , Oregon

☆ Scientists thought an ancient tomb had been lost 170 years ago until one expert discovered it practically right in his backyard
▼ + stars: | 2024-01-30 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

An instructor at Dingle campus of Connecticut-based Sacred Heart University, he's mapping the sites of wedge tombs . "These types of structures are burial places," Mag Fhloinn said, generally dating to around 2,500 to 2,000 BCE. During his searches of the hill, Mag Fhloinn took photographs to create a 3D model. Rotating the 3D model on his screen, Mag Fhloinn saw how well it corresponded with the 1838 drawing. Most wedge tombs face west, particularly to the southwest, Mag Fhloinn said.

Persons: —, Lady Georgiana Chatterton, Raidió, COVID lockdowns, Billy Mag Fhloinn, Fhloinn, RTÉ, Seán Mac, Richard Hitchcock, couldn't, Caimin O'Brien, O'Brien Organizations: Service, Business, Heart University, National Monuments Service Locations: Ireland's Dingle, South, Ireland, Dingle, Connecticut

☆ The US housing market has ended a 9-month streak of price gains
▼ + stars: | 2024-01-30 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The latest S&P Case-Shiller national home price index data published Tuesday — which offers the three-month average for September, October, and November closing prices — showed a moderate slowdown in price gains. "The streak of nine monthly gains ended in November, setting the index back to levels last seen over the summer months." However, each saw annual gains of 5.4% and 6.2%, respectively. The biggest annual price gains came in Detroit and San Diego, at 8.2% and 8%, respectively. "The rate has since fallen over 1%, which could support further annual gains in home prices."

Persons: —, Brian D, Luke, Freddie Mac, Bill Adams Organizations: Service, Business, Federal Reserve, Comerica Bank Locations: Detroit, San Diego, Miami, Tampa, Atlanta, Charlotte , New York, Cleveland, Portland

Stephen Curry is headed back to NBA All-Star weekend. “Stephen vs. Sabrina” will happen as part of All-Star Saturday Night in Indianapolis on Feb. 17. Curry, the NBA’s all-time 3-point king, will take on the reigning WNBA 3-point shootout queen and single-season record holder Ionescu. That topped Curry’s NBA 3-point contest best of 31. Curry will shoot from the NBA 3-point line with NBA basketballs, and Ionescu will shoot from the WNBA 3-point line with WNBA basketballs.

Persons: Stephen Curry, Sabrina Ionescu, “ Stephen, Sabrina ”, Curry, Ionescu, “, Brandin Podziemski, I’ve, ” Curry, Podziemski, Ionescu’s SI20, Victor Wembanyama, Brandon Miller, Charlotte, Scoot Henderson, Henderson, Chet Holmgren, Cason Wallace, Washington’s Bilal Coulibaly, Utah’s Keyonte George, Utah’s Keyonte George , New Orleans ’ Jordan Hawkins, Miami’s Jaime Jaquez Jr, Dallas ’ Dereck, Paolo Banchero, Paolo Banchero , New Orleans ’ Dyson Daniels, Jalen Duren, Jaden Ivey, Utah’s Walker Kessler, Indiana’s Bennedict, Sacramento’s Keegan Murray, Portland’s Shaedon Sharpe, Houston’s Jabari Smith, Jalen Williams, Mac McClung, Izan Almansa, Matas Buzelis, Ron Holland, Tyler Smith, Oscar Tshiebwe, Alondes Williams, ___ Organizations: NBA, WNBA, Sacramento, Ionescu’s, State Farm, NBA Foundation, San Antonio, Rising, G, Oklahoma City, Detroit, League Locations: Indianapolis, Portland, Utah’s Keyonte George , New Orleans, Paolo Banchero , New Orleans, Oklahoma

Home prices declined slightly in November while posting yearly gains, suggesting the housing sector has cooled somewhat heading into 2024. The house price decline came at a time where mortgage rates peaked, with the average Freddie Mac 30-year fixed rate mortgage nearing 8%, according to Federal Reserve data. But as more inventory comes on the market and mortgage rates remain elevated, sale prices may be beginning to wilt. That has led some analysts to say that the market could bounce back as the traditional spring buying season begins. The index tracks a three-month period when mortgage rates were zig-zagging and ended on a down note, said Danielle Hale, chief economist at Realtor.com.

Persons: ”, Brian Luke, San Francisco, Cleveland –, Luke, “, Freddie Mac, Selma Hepp, Danielle Hale Organizations: Dow Jones, Seattle, Cleveland, Midwest, Federal Reserve Locations: “, San, Miami, Tampa, Atlanta, Charlotte , New York

☆ Elizabeth Warren rips Fed for fueling affordability crisis in housing, calls for rate cuts
▼ + stars: | 2024-01-29 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —America has a housing affordability crisis and Elizabeth Warren blames Jerome Powell and his colleagues at the Federal Reserve. To fight inflation, the Fed spiked interest rates at the fastest pace since the early 1980s. However, the Fed’s war on inflation set off shockwaves in the housing market. The one-two punch of elevated borrowing costs and record-high home prices has made the housing market historically unaffordable. “High interest rates have aggravated the country’s crisis of housing access and affordability,” the Senate Democrats wrote.

Persons: Elizabeth Warren, Jerome Powell, Powell, Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, Freddie Mac, “, Tom Barkin didn’t, ” Organizations: New, New York CNN, Federal Reserve, CNN, Democratic, Democrats, Fed, National Association of Home Builders, Mortgage Bankers Association, National Association of Realtors, Richmond Fed Locations: New York, America, White

☆ The Vision Pro needs apps. Now is not a good time for Apple to be at odds with developers.
▼ + stars: | 2024-01-29 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewWhen Apple launches the Vision Pro on Friday, it could really do with developers lapping it up. Given the price tag, Apple watchers aren't expecting the Vision Pro to fly off the shelves immediately. AdvertisementTo spur future consumer sales then, Apple really needs developers onside to help make the Vision Pro a success. In theory, it means developers aren't strictly limited to releasing their apps to Apple users through its own App Store. More broadly, it puts Apple and developers at odds with each other at a moment when Apple really needs apps for Vision Pro.

Persons: —, It's, aren't, Apple Apple, Daniel Ek, Ek, Tim Sweeney, Sweeney, Apple, Apps, Mark Gurman Organizations: Service, Apple, Business, Vision, European Union, bloc's, Epic, Microsoft, Valve, Vision Pro

☆ The average US homebuyer has gained $40,000 in buying power in the last 3 months as mortgage rates cool
▼ + stars: | 2024-01-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Homebuyers have gained more purchasing power as mortgage rates have edged lower. That's due to a steady decline in mortgage rates, with the 30-year fixed rate hovering around 6.7%. That's thanks to the recent decline in mortgage rates, which has taken the cost of borrowing on a 30-year fixed mortgage to around 6.7%, Freddie Mac data shows. With rates hovering around 6.7%, that means the typical homebuyer will pay $2,545 on their monthly mortgage payment – down from the median monthly payment of $2,713 when mortgage rates hovered around 7.8%. Prospective buyers shouldn't try to time interest rates before entering the housing market, Redfin chief economist Daryl Fairweather said.

Persons: Homebuyers, Redfin, —, Freddie Mac, shouldn't, Daryl Fairweather, Fairweather Organizations: Service, Fed

☆ Neuralink Implanted a Device in a Patient’s Brain, Elon Musk Says
▼ + stars: | 2024-01-29 | by ( Ryan Mac | More About Ryan Mac | ) www.nytimes.com time to read: 1 min

Neuralink, a company working to develop computer interfaces that can be implanted in human brains, placed its first device in a patient on Sunday, said its founder, Elon Musk. Mr. Musk, the billionaire chief executive of Tesla and SpaceX, said on Monday that the company’s first product was called Telepathy and would allow a human to control a phone or computer “just by thinking.”“Initial users will be those who have lost the use of their limbs,” Mr. Musk wrote in a series of posts on X, his social media platform. “Imagine if Stephen Hawking could communicate faster than a speed typist or auctioneer.”

Persons: Elon Musk, Musk, Tesla, ”, Mr, Stephen Hawking Organizations: SpaceX

Though mortgage rates have ticked up a little bit in recent weeks, they're still well below the peaks reached in fall 2023, when 30-year mortgage rates neared 8%. Most major forecasts call for mortgage rates to go down further this year, which should help even more hopeful buyers afford homeownership. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. 30-Year Fixed Mortgage RatesThis week's average 30-year fixed mortgage rate is 6.69%, according to Freddie Mac. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates inched down to 5.96% last week, according to Freddie Mac data.

Persons: they're, Lawrence Yun, you'll, Freddie Mac, it's, they've Organizations: National Association of Realtors, Zillow, Federal Reserve Locations: Chevron

☆ I tried every premium side dish at Cracker Barrel and ranked them from worst to best
▼ + stars: | 2024-01-28 | by ( Lauren Harkawik | ) www.businessinsider.com time to read: +1 min

In the name of research, I tried all seven premium sides available at my local Cracker Barrel. Although I liked most of the "loaded" options, the loaded sweet potato was my favorite. My least favorite, the loaded baked potato, was still delicious, it just wasn't quite as fun. Cracker Barrel's list of premium sides changes from time to time. I ordered one of each of the premium sides available: loaded baked potato, loaded baked sweet potato, bacon mac and cheese, hash-brown casserole tots, loaded hash-brown casserole, loaded mashed potatoes, and pancakes.

Persons: —, I'm, I've Organizations: Service

☆ Wall Street analysts touted 5 portfolio stocks this week. Here’s our call on each name
▼ + stars: | 2024-01-27 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

In turn, Wall Street analysts made a slew of bullish calls on five of our portfolio names — all of which report earnings next week SBUX YTD mountain Starbucks (SBUX) year-to-date performance Wall Street's call: Wells Fargo forecasted an improved backdrop for Starbucks. Although the stock's been a portfolio laggard, we're bullish on management's plans to progressively expand margins in the years to come. MSFT YTD mountain Microsoft (MSFT) performance year-to-date Wall Street's call: Morgan Stanley boosted Microsoft's price target to $450 per share from $415, citing the company's strength from generative artificial intelligence efforts. Analysts issued a slew of downbeat calls at the start of 2024, causing the stock to sell off. AMZN YTD mountain Amazon (AMZN) year-to-date performance Wall Street call: Jefferies said Amazon stock has even more room to run after a great 2023.

Persons: Wells Fargo, we're, Morgan Stanley, Goldman Sachs, refreshes, Jefferies, AMZN, Twitch, they're, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow Jones, Wall Street, Club, Microsoft, Big Tech, Bank of America's, Apple, Analysts, MGM Studios, Management, Bank of America, CNBC, Traders, New York Stock Exchange Locations: Fargo, China, Tuesday's, Copilot, F1Q24E, Thursday's, New York City, U.S

Mortgage rates ticked up a bit mid-week, but they're back down today. This means it's possible we'll have to wait until later in the year for mortgage rates to come down substantially. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-year Fixed Mortgage RatesThis week, average 15-year mortgage rates were 5.96%, a 20-basis-point increase from the previous week, according to Freddie Mac data. Once the Fed cuts rates, mortgage rates should fall even further.

Persons: you'll, Freddie Mac, they've, it's Organizations: Federal Reserve, Economic, Fed, Zillow Locations: Chevron

☆ The frozen housing market may be starting to thaw
▼ + stars: | 2024-01-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The US housing market is showing renewed signs of life as 2024 begins. AdvertisementThe US housing market has been largely frozen for the last two years, but it's starting to show signs of a thaw as sales activity and mortgage applications pick up, and mortgage rates ease. AdvertisementPending home sales increased 8% in December. Mortgage applications have also picked up. "The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices," said Lawrence Yun, the chief economist for the NAR.

Persons: —, Odeta Kushi, Freddie Mac, Lawrence Yun Organizations: Service, National Association of Realtors, NAR, Federal Reserve

☆ Apple Takes Messaging Crackdown to Customers’ Macs
▼ + stars: | 2024-01-26 | by ( Tripp Mickle | ) www.nytimes.com time to read: +1 min

When Apple blocked the Beeper Mini app last month from giving Android users access to the tech giant’s messaging service, Beeper encouraged customers to use their Mac computers instead to connect and continue sending messages. But in recent days, dozens of Beeper customers have reported that they no longer have access to Apple’s messaging service on their Android phones or their Mac computers. Several have called Apple’s customer support and been told that the company had revoked their Mac’s access to iMessage because of irregular activity. For Beeper customers, many of whom prefer Android devices to iPhones but favor Mac computers over PCs, Apple’s move shows just how far the company will go to maintain control over its services. In these instances, Apple cut off one of the services that it provided with its computers because it had objected to the way its customers used it.

Persons: Beeper, they’re, ”, Matvei Vevitsis, iMessages Organizations: Apple

☆ We've made 165 recipes from celebrity chefs to find the best ones. Here are the winners in each category.
▼ + stars: | 2024-01-26 | by ( Business Insider | ) www.businessinsider.com time to read: +39 min

Read previewBusiness Insider put the best recipes from celebrity chefs head-to-head to find the most delicious salads, desserts, bread, beverages, and more. AdvertisementRead more about the winning recipe and full battle here: I tried 3 celebrity chefs' recipes for blueberry pancakes, and the best used whipped egg whites. Read more about the winning recipe and full battle here: I made 4 celebrity chefs' recipes for overnight oats, and the best was served in a cantaloupe. This celebrity chef's garlic bread was buttery, spicy, and not at all soggyThe texture of Guy Fieri's garlic bread was spot-on. AdvertisementRead more about the winning recipe and full battle here: I tried 3 celebrity chefs' recipes for white sangria, and the best was also the prettiest.

Persons: —, Paige Bennett, Tiffany Leigh, Bennett's, Bennett, Carla Hall's microwaved, Bobby Deen's, Nancy, Nancy Fuller, Ina Garten's, Read, Ree Drummond, Alton Brown, Curtis Stone, Flay's, Paige Bennett Bobby Flay's, Guy, Guy Fieri's, Tiffany Leigh Fieri's, pico de gallo, Leigh, roja, Gordon Ramsay's, Paige Bennett Bennett, Giada De Laurentiis, Trisha Yearwood, Aarón Sánchez, Fieri's, Alex Guarnaschelli's, Alex Guarnaschelli, Rachel Ray, Paula Deen, Carla Hall's cornbread, Alton Brown's, dill, Sunny, Paige Bennett Garten, Anderson's coleslaw, Guy Fieri, Ina Garten, Sunny Anderson, Lucien Formichella, Brown, Bobby Flay, Keller's, Thomas Keller, Daniel Boulud, skillet, Rachael Ray's, Alfredo, Katie Lee Biegel's fettuccine, Chelsea Davis, Ree Drummond's, Giada de, Chelsea Davis Davis, Drummond, De Laurentiis, Laurentiis, Davis, Duff, Bobby Flay's, Gordon, Bobby, Flay, papayas, pecans, caramelized pecans, we've, Sandra, Sandra Lee's boozy, milkshake, minty, Geoffrey Zakarian's margarita, Geoffrey, Rachael Ray's negroni, Ina Garten's mulled, Bobby Flay's Bloody Mary, Geoffrey Zakarian's, Ina, Gina Neely, Rachael Ray, Guarnaschelli, Ray Organizations: Service, Business, Insider Hall, Garten, kiwis, Alton, cranberries Locations: scone, Worcestershire, Garten, mayo, cayenne, Buffalo, Swiss chard, Ree, Moscow

The agency knew officials in Scotland had named snowplows for years and decided a similar effort in Minnesota might draw attention to their winter work, Meyer said. The response in the first year of the contest was overwhelming, with about 24,000 submissions and 122,000 votes cast. “There's a natural infatuation with (snowplows),” said Kristine Bustos-Mihelcic, a spokesperson for the New Mexico Department of Transportation. Minnesota plans to keep its contest going in coming years and Meyer noted each plow keeps its name, which is displayed along the side of the vehicle. “We've got 800 snowplows statewide for the Minnesota Department of Transportation, so we have a lot of snowplows to name,” Meyer said.

Persons: Darth Blader, ”, Anne Meyer, Meyer, Plowy McPlowFace, Dogg, Han Snolo, Salt Fitzgerald, Paul, Scott Fitzgerald, Prince, Sleetwood Mac, Snow, Billy, Kid, “, Kristine Bustos, Erika Hill, Sir David Attenborough, We've, ” Meyer Organizations: Minnesota Department of Transportation, New, New Mexico Department of Transportation, Lincoln's Transportation, Utilities Locations: Minnesota, Scotland, Alaska, California, Ohio, Massachusetts, New Mexico, ” Lincoln , Nebraska, British

Average 30-year mortgage rates increased to 6.69% this week, according to Freddie Mac, a nine-point increase from the previous week's average. On a $250,000 mortgage, this would amount to a $1,798 monthly mortgage payment. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 30-Year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 6.69% last week, according to Freddie Mac. Now that the Fed has paused hiking rates, mortgage rates have come down a bit.

Persons: Freddie Mac, Sam Khater, Freddie Mac's, Fannie Mae Organizations: Zillow, Federal Reserve, Fed Locations: Chevron

When Dr. Patrick Soon-Shiong, the billionaire owner of The Los Angeles Times, hired Kevin Merida to be the newspaper’s top editor nearly three years ago, he hailed the journalist as someone who would maintain the publication’s high standards and journalistic integrity. Their relationship was strained in part by an incident in December when Dr. Soon-Shiong tried to dissuade Mr. Merida from pursuing a story about a wealthy California doctor and his dog, three people with knowledge of the interactions said. The previously unreported incident occurred as The Los Angeles Times, the largest news organization on the West Coast, struggled to reverse years of losses amid a difficult market for newspapers. Mr. Merida resigned this month. It is not unheard-of for the owner of a publication to be consulted on sensitive reporting, particularly if it could jeopardize the newspaper legally or financially.

Persons: Patrick Soon, Kevin Merida, Shiong, Mr, Dr, Merida Organizations: Los Angeles Times Locations: Merida, California, West Coast

☆ 5 huge challenges facing Apple this year
▼ + stars: | 2024-01-25 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

Behind in generative AI. A recent Reuters report noted iPhone sales in China dropped 30% in the first week of the year amid pressure from rival Huawei. Still, Barclays downgraded Apple stock earlier this month citing disappointing iPhone 15 sales in China and softening demand for the latest iPhone. Apple also faces challenges around the upcoming rollout of the Vision Pro headset, which will be its riskiest product launch in years. Tim Cook, chief executive officer of Apple Inc., speaks during a launch event for the new Apple iPhone 15 at Apple Park in Cupertino, California, on September 12, 2023.

Persons: ”, David McQueen, ALY, Dan Ives, Apple, Justin Sullivan, Jitesh, IDC –, that’s, It’s, Siri, McQueen, “, Ming Yeung, Tim Cook, Nic Coury, hasn’t, Brian Fung, Clare Duffy Organizations: CNN, Microsoft, Apple, ABI Research, Huawei, Reuters, Apple Watch, International Trade Commission, IDC, Meta, Google, Samsung, Mac, Barclays, Apple Inc, Getty, EU, Markets, Epic Locations: China, Shanghai, Cupertino , California, Milan, Italy, AFP

☆ We tried Jack in the Box's first new burger in 8 years, and it's way better than a Big Mac
▼ + stars: | 2024-01-24 | by ( Anneta Konstantinides | Nancy Luna | ) www.businessinsider.com time to read: +1 min

Jack in the Box's new Smashed Jack burger was an instant hit, selling out in two weeks. It took two years to develop the Smashed Jack — the chain's first new burger in eight years. AdvertisementSmashed Jack, the first new burger by Jack in the Box in eight years, is already smashing expectations. The chain sold 70,000 Smashed Jacks in just one day, and in two weeks, the burger was sold out everywhere . What's so special about the Smashed Jack, and is it worth all the hype?

Persons: Jack, Jack —, Burger King, —, Anneta Konstantinides, Nancy Luna, What's Organizations: Service Locations: Burger

If the economic data shows that inflation is continuing to come down in 2024 and the Fed remains open to cutting rates this year, mortgage rates should start to trend down. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-Year Fixed Mortgage Rates Increase (+0.20%)The current average 30-year fixed mortgage rate is 6.38%, up 20 basis points since this time last week. 20-Year Fixed Mortgage Rates Higher This Week (+0.30%)The average 20-year fixed mortgage rate is up somewhat from last week, and is sitting at 5.99%. 15-Year Fixed Mortgage Rates Rise (+0.34%)The average 15-year mortgage rate is 5.73%, up 34 points from last week.

Persons: Fannie Mae, Freddie Mac, you'll, It's, refinance Organizations: Federal Reserve, Zillow, FHA Locations: Chevron

☆ A 30-year-old man set out to eat a slice of cheese for every follower he got. He tapped out at 32 slices, as he now has over 178,000 followers and growing.
▼ + stars: | 2024-01-23 | by ( Kieran Press-Reynolds | ) www.businessinsider.com time to read: +4 min

Read previewWhat's the maximum number of cheese slices you'd eat in a day? A 30-year-old from Arizona went viral last week with an unusual and fascinating challenge to test this very question. In a video posted last Tuesday, the TikToker @cheeze_louise__ said he would eat a slice of cheese for every new follower he received. The first two days were relatively smooth: he ate eight and then 24 slices of cheese. He joked that he owes them a "debt" of 100,000 slices of cheese.

Persons: —, @cheeze_louise__, Cheeze_louise__, Steven, he's Organizations: Service, Business, YouTube Locations: Arizona

High mortgage rates had a huge impact on the housing market last year, but we'll likely see conditions improve in 2024. Mortgage rates rose to a more than two-decade high last year, and homebuying demand all but disappeared as a result. "Mortgage rates are meaningfully lower compared to just two months ago, and more inventory is expected to appear on the market in upcoming months." See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates inched down to 5.76% last week, according to Freddie Mac data.

Persons: Lawrence Yun, you'll, Freddie Mac, it's, they've Organizations: Mortgage, National Association of Realtors, NAR, Zillow, Federal Reserve Locations: Chevron

☆ There are 3 bullish signals flashing that point a recovery in the housing market, Compass CEO says
▼ + stars: | 2024-01-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The housing market is flashing signs of life, Compass CEO Robert Reffkin said. AdvertisementThe housing market is flashing a handful of bullish signals for the year ahead, according to Compass CEO Robert Reffkin. The founder of one of the nation's top real estate brokerages said he believed the housing market will be on the path to recovery in 2024. But more owners appear to be moving out of necessity or have warmed up to the idea of selling as mortgage rates head lower. At this rate, buyers are outpacing sellers in the market, Reffkin said, noting that Compass's real estate agents are seeing more business in the new year.

Persons: Robert Reffkin, Reffkin, —, brokerages, Freddie Mac, Sam Lafoca, LM Otero, Sellers, Phil Noble, I've, Barbara Corcoran Organizations: Service, National Association of Realtors, CNBC, Community, Getty, Associated, REUTERS, Mortgage, Association, New Locations: lancaster California, USA, Dallas, Kirkham, England

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