Source: Housing Wire — Total nonfarm payroll employment rose by 559,000 in May, below economists’ predicted rate of 675,000 new jobs. According to the U.S Bureau of Labor Statistics, unemployment now stands at 5.8% – around 30 basis points lower than April and...
Source: Housing Wire — Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks saw an average net profit of $3,361 on each loan they originated in the first quarter of 2021, down from a reported gain of $3,738 per loan in the fourth...
Source: Housing Wire — It’s such a great time to build a home that companies are building in oil fields. Nary an eyelash was batted last month when two of the housing market’s biggest homebuilders – Pennsylvania-based Toll Brothers and Florida-headquartered...
Source: The World Property Journal — According to ATTOM Data Solutions’ first-quarter 2021 U.S. Residential Property Mortgage Origination Report, 3.77 million mortgages secured by residential property (1 to 4 units) were originated in the first quarter of...
Source: CNBC — After Janell Ivy lost her job at a daycare center because of the pandemic, she fell behind on her $890 rent. The single mother feared that she and her four children, all under the age of 7, would be evicted from their apartment in Houston. She...
Hits and Misses for the Real Estate Week of May 4-8
