Construction spending in the U.S. rose to the highest level since December 2007 in October 2015, when the recession had just began.
Read More »Home Prices Sustained by Falling Supply & Rising Demand
"Many markets have experienced a low inventory of homes for sale along with strong buyer demand, which is sustaining upward pressure on home prices. These conditions are likely to persist as we enter 2016,” said Dr. Frank Nothaft, chief economist for CoreLogic.
Read More »Mortgage Borrowing Dampened by Student Loan Debt
So how adversely does student debt affect consumers' ability to get a mortgage loan? A report from the Federal Reserve Bank of Cleveland released Monday showed that as the percentage of younger consumers with student loan debt rose over the last ten years, those with a mortgage declined.
Read More »Fed Tightens Up on “Too Big to Fail”
One of the enduring criticisms of the Dodd-Frank Wall Street Reform Act of 2010 is that it codifies “too big to fail” and allows the government to continue to financially rescue firms that are deemed systemically important.
Read More »CitiGroup Investors File Multi-Billion Dollar Suit Over Toxic RMBS
A group of Citigroup Inc., investors recently filed a lawsuit against the bank, with the allegations that the bank failed to address problems related to toxic residential mortgage-backed securities.
Read More »Housing Affordability Will Drive First-Time Buyers to Suburbs in 2016, Zillow Says
First-time buyers may want to turn their attentions toward suburbs in 2016. As home prices are showing no signs of slowing down, affordability becomes a larger issue when purchasing a home.
Read More »Pending Home Sales Slowed By Low Inventories & Rising Prices
NAR Chief Economist Lawrence Yun believes pending home sales have been restrained in the fall season as "buyers struggle to overcome a scant number of available homes for sale and prices that are rising too fast in some markets."
Read More »Home Prices Rise Marginally in September
Black Knight Financial Services' Data and Analytics division released its September 2015 Home Price Index report, finding that U.S. home prices rose marginally by 0.1 percent in September.
Read More »Stats, Starts, and Seeing into the Future
When it comes to predicting the future of the market, the best indicator is in 2015’s housing data. Editor's note: This select print feature appears in the November 2015 edition of MReport magazine, available now.
Read More »Portfolio Lender TD Bank Braces for Lending Growth
During the mortgage crisis, portfolio lenders like TD Bank stood out as financial institutions that embraced the idea of quality underwriting and lending—especially since they kept loans in-house, taking the risk on their own balance sheets.
Read More »