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Author Archives: Staff Writer

Sustainable Homeownership Vital to Building Middle Class Wealth

Sustainable homeownership is the “gateway to the middle class” for many Americans and is the primary source of wealth creation for many, which is why increasing the homeownership rate is so critical to a healthy economy, according to a panel at a housing forum in Washington, D.C., on Tuesday.

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Credit Unions’ Financial Services Restrained By Regulations

The National Association of Federal Credit Unions expressed their concerns surrounding credit unions’ efforts in rural communities and limitations they face due to regulatory restrictions prior to the Senate Banking Subcommittee hearing called “The State of Rural Banking: Challenges and Consequences” held Wednesday.

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Homeownership Rate Rises After Reaching 48-Year Low in Q2

Americans appear to be purchasing more homes as the U.S. homeownership rate has finally moved upward for the first time in two years in the third quarter of 2015, following a 48-year low hit the previous quarter, the Department of Commerce’s Census Bureau announced Tuesday.

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Home Prices Continue to Soar in August

The S&P Dow Jones Indices released its results of for the S&P/Case-Shiller U.S. National Home Price Index Tuesday, showing that home prices experienced year-over-year gains of 4.7 percent in August compared to a 4.6 percent increase in July.

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HUD Secretary Castro Discusses Millennial Homeownership Strides

HUD Secretary Julián Castro, whose name has been bantered for months as a possible vice presidential candidate, joined Realtor.com Chief Economist Jonathan Smoke in a conversation Monday evening about millennial housing held at George Washington University in Washington, D.C. In the conversation, Secretary Castro and Smoke addressed a number of questions surrounding America's most talked about generation and how they are faring the housing market amid numerous regulatory changes.

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Housing Industry’s Nonbank Participation Highest in 20 Years

In 2014, the market share of independent mortgage companies rose to 47 percent for home purchase loans and 42 percent for refinance loans, the highest those shares have been at any point in the last 20 years, meaning nonbank mortgage companies have more than regained their market share they lost due to the Great Recession.

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New Home Sales Decline Sharply in September

New single-family home sales in September 2015 fell dramatically to a seasonally adjusted annual rate of 468,000, down 11.5 percent from the revised August rate of 529,000, according to estimates released jointly Monday by the U.S. Census Bureau and HUD.

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