As consumers purchase more homes, remain current on mortgage payments thanks to low rates, and employment continues to grow, the housing market continues to show improvement.
Read More »Millennial Homebuying Attitudes Mixed Due to Financial Woes
Millennials often face many obstacles when trying to purchase a home such as financial hardships and the inability to afford the down payment, a task that is much more difficult for them compared to their predecessors.
Read More »Mortgage Overregulation Hinders Industry, Survey Shows
Approximately three-quarters of mortgage industry professionals believe that today’s regulatory environment prevents them from lending to creditworthy borrowers.
Read More »Home Prices Rise Marginally in August
Home prices appear to be losing some of their spark, slowing down to a marginal increase of 0.3 percent on a seasonally adjusted basis in August compared to last month.
Read More »Existing-Home Sales Pick Up in September
Existing-home sales have reversed the downward trend in recorded in August due to stock market declines, rising 4.7 percent to a seasonally adjusted annual rates of 5.55 million in September, the highest pace since February 2007. The National Association of Realtors reported Thursday that September's rebound in existing–home sales marks a year–over–year increase for 12 consecutive months and all four major regions experienced gains.
Read More »Mortgage Application Increase Driven By Rise in Government Volume
Consumers are applying for mortgage loans using more government applications compared to last week, and while the industry adjusts to the TILA-RESPA Integrated Disclosure rule, applications are expected to become more volatile.
Read More »Housing Recovery Locks Out Minorities
Clear signs of recovery have been recorded in the housing market, but minority borrowers do not seem to be linked to this recovery.
Read More »Over Half of Millennials Check Credit When Applying for Mortgage Loan
Although millennials are less likely than baby boomers to identify milestone life events that could affect their credit, over half them are checking their credit when taking out a mortgage loan.
Read More »Energy-Dependent Housing Markets Affected By Low Oil Prices
Housing trends are constantly fluctuating, but aside from some of the obvious factors that affect the housing market, oil prices appear to be having a negative impact on markets that are dependent upon this energy.
Read More »Single-Family Housing Starts Rise; Authorizations & Completions Decline
Single-family housing starts increased in September 2015, while authorizations and housing competitions decreased, according to new residential construction statistics from the U.S. Census Bureau and HUD released Tuesday.
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