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Author Archives: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

Home Prices Edge Up 0.1% in December

The latest price index from FNC Inc. shows the nation's average home price moved up 0.1 percent in December, turning around after a 0.1 percent decline in October and no notable change in November. Home prices fell 0.2 percent through 2014's fourth quarter compared to the third, putting annual growth at about 5 percent compared to 5.2 percent in November and 5.7 percent in October.

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Homebuilder Sentiment Cools in February

The National Association of Home Builders (NAHB)/Wells Fargo builder sentiment index fell two points in the association's February reading, coming in at 55 for the month, the group said Tuesday. NAHB Chairman Tom Woods said February's slight decline is "largely attributable to the unusually high snow levels across much of the nation."

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Atlanta Bank Shuts Down in 2015’s Third Closing

Georgia's Department of Banking and Finance took possession of Capitol City Bank & Trust Company on Friday, citing the bank's "unsound condition" as a result of losses on real estate loans. Despite receiving help to shore up its capital, it was unable to recover following the financial crash.

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Many Millennials Opting for Homeownership Over Marriage

When it comes to major life milestones, mortgages come before marriages for a large number of millennials, according to data released Friday. In a recent survey conducted by Redfin, 38 percent of Americans age 18–34 say they either would or have put off a wedding or honeymoon in favor of saving to buy a home.

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Housing Affordability Slips in California in Q4

California

Thirty-one percent of homebuyers living in the state were able to afford a median-priced existing single-family home last quarter, the California Association of Realtors (C.A.R.) said Thursday. While that was a slight improvement from 30 percent in Q3, it was down from a revised 32 percent in 2013's closing months, the group reported.

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