Economic growth in the second quarter fell short of July expectations, presenting a less promising outlook for the rest of the year, according to Fannie Mae’s August 2015 Economic and Housing Outlook.
Read More »Homeowners’ Insurance Could As Much As Double for Borrowers With Poor Credit, Study Finds
Credit scores have become an increasingly important rating factor when it comes to how much a consumer pays for homeowner's insurance. According to a new insuranceQuotes.com study, homeowners with low credit scores pay twice as much for homeowner's insurance compared to those with excellent credit.
Read More »Cash Sales Share Lowest Since July 2008
According to CoreLogic's August 2015 Market Pulse report, the share of total residential home sales in May 2015 that was made up of all cash sales was 31.9 percent, down from 35.1 percent in May 2014.
Read More »Mortgage Rates Slightly Lower Amid Little Movement in Financial Markets
Fixed mortgage rates changed very little this week compared to last week, with little activity occurring in financial markets, according to Freddie Mac's Primary Mortgage Market Survey.
Read More »Baby Boomer Homeowners Are Remaining in Single-Family Homes, Report Finds
Many people believe that the Baby Boomer generation have started downsizing from their single-family homes to live in apartments. A recent housing insights report from Fannie Mae's Economic & Strategic Research Group challenges this idea, finding that Baby Boomers are not fleeing to apartments but remaining in their homes.
Read More »Existing-Home Sales Soar to Highest Level in Eight Years
Existing-home sales rose higher in July, while low inventory levels and rising prices are the largest factors lowering sales to first-time buyers to their lowest share since January, according to a report from the National Association of Realtors released Thursday.
Read More »Study Examines Housing Policy Impact on Inequality
Housing policy affects income inequality and single-family housing in a number of ways, according to a recent report from the Urban Institute.
Read More »Household Repair Spending Indicates Recovering Housing Market
Home Depot recently revealed its second quarter results revealing that it experienced a record number of transactions in the last three months. Multiple market watchers believe the health of home depot is a sign of the housing market recovery overall, CNNMoney said in a report.
Read More »Mortgage Applications Boosted 3.6 Percent From Refinance Activity
A rise in refinance activity boosted mortgage applications up 3.6 percent from last week, according to data from the Mortgage Bankers Association's weekly mortgage applications survey for the week ending August 14, 2015.
Read More »U.S. Treasury Yields Elevated by Positive Housing Data
According to NASDAQ Dow Jones Business News, a positive housing data report raised U.S. Treasury yields on Tuesday.
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