Ethical issues with mortgage applications dropped in May, continuing a years-long downswing, according to the latest First American Loan Application Defect Index.
Read More »West Dominates Top 10 Housing Markets
Markets in California and Utah made up more than half of the list of the top 10 performing housing markets in the nation.
Read More »Brexit Drives Mortgage Rates Down Near All-Time Low
Fixed-rate mortgages are dropping in the wake of the U.K.’s Brexit vote, with 30-year mortgages hitting a three-year low this week.
Read More »Existing-Home Sales Up, Albeit Slowly
The U.S. housing market remains on solid footing despite facing broader economic headwinds following a disappointing May jobs report, slowing U.S. GDP growth, and uncertainty in global markets, according to Ten-X.
Read More »Is GE Capital Too Big to Fail? Not Anymore
The FSOC reversed its determination that “material financial distress at [GE Capital] could pose a threat to U.S. financial stability.”
Read More »Pending Home Sales: Three Steps Forward, One Back
NAR chief economist Lawrence Yun said the strong demand that has been frustrating buyers and the spring’s swift sales “took a dent out of what was available for sale in May and ultimately dragged down contract activity.”
Read More »Housing Demand Reverses After Five Months of Gains
After five months on the climb, and while housing scarcity inflates, demand for housing fell off in May.
Read More »Obstacles Don’t Deter Optimism Toward Housing
The national U.S. housing market is sustainable, despite slower-than-expected household formations and the slowdown in energy sector jobs, according to a report.
Read More »Energy-Producing States Facing Housing Price Drops
Nationally, Arch MI put the risk of price declines at 5 percent, which is where it was in Q1. But some areas in the energy-extraction states remained at heightened risk and may experience slower growth.
Read More »Builders Enduring Labor Shortage While Costs Soar
Housing numbers might be doing well in general, but what happens when everyone wants to buy a house but no one wants to build them?
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