The National Association of Home Builders (NAHB), with information from the U.S. Census Bureau, reports that private residential construction spending came in at $507.2 billion in June—a slight ...
Read More »Report: Falling Mortgage Rates Impacting Housing Market
Freddie Mac’s latest housing market forecast reveals the combination of record-low mortgage rates and the anticipation of the Fed’s decreasing interest rates has caused a spike in purchase ...
Read More »HUD, FHA Partner to Reduce Risks From Refis
The U.S. Department of Housing and Urban Development (HUD) announced initiatives to reduce associated risks with cash-out refinance lending. Changes are aimed to help preserve the homeowners’ ability ...
Read More »Missed Opportunities: Addressing the Racial Gap in Homeownership, Equity
Redfin reports that homeowners in primarily white neighborhoods gained an average of $70,000 more in home equity than those in predominantly African-American neighborhoods from 2012-2018. Although home prices ...
Read More »Risks of Mortgage Loan Defects Dropping
First American Financial Corporation reported that the frequency of defects, fraud, and misrepresentation in mortgage loan applications fell 7% month-over-month in June. June’s report represents a 3.9% year-over-year ...
Read More »Tracking Pending Home Sales in the U.S.
Pending home sales grew for the second-consecutive month in June, as the National Association of Realtors (NAR) announced the Pending Home Sales Index rose 2.8%, and year-over-year contract ...
Read More »Fed Slashes Interest Rates
Interest rates have been cut for the first time in a decade, as the Fed announced Wednesday that rates will drop by a quarter of a point. According ...
Read More »Five Star’s Delgado Addresses Industry at Disaster Symposium
Industry leaders from organizations such as Fannie Mae, Freddie Mac, and more converged on New Orleans for the 2019 Five Star Disaster Preparedness Symposium. Click through for details on the important discussions unfolding at the event.
Read More »Home Prices Climbing Higher
Home prices rose 3.4% in May 2019, which is down from 3.5% growth the prior month, according to the latest CoreLogic Case-Shiller U.S. National HPI (HPI). “Growth in ...
Read More »Chronicling California’s Affordability Issues
California is no stranger to affordability issues, but a new report by The Mercury News reveals that today’s buyers pay nearly nine times the median annual income—$100,000—for a ...
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