The nationwide level of newly listed homes grew 37.5% month-over-month in January, according to new data from Realtor.com. Newly listed homes were 10.8% above last year’s levels, an increase from December’s slight rise of 0.9%. Among the nation’s top 50...
The governor of the Bank of England has issued a warning that proposals by the UK government to relax limits on riskier mortgage lending could start a new wave of home repossessions. The Financial Times reports that Andrew Bailey warned Parliament that he was “very...
The National Association of Realtors (NAR) has released the fifth season of its docuseries “First-Time Buyer” available on Hulu. According to NAR, the new season offers unscripted stories following homebuyers in New York and Connecticut. The eight episodes, each under...
Mortgage rates remained elevated in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.95% as of Jan. 30, down slightly from last week when it averaged 6.96%. A year ago at this time, it...
After four consecutive months of increasing sales volume, pending home sales sank by 5.5% in December. The National Association of Realtors’ (NAR) Pending Home Sales Index fell to 74.2 from November into December. Year-over-year, pending transactions declined 5.0%. An...
Sen. Ted Cruz (R-TX) has introduced legislation that would reduce the statutory funding cap for the Consumer Financial Protection Bureau (CFPB) to $0. When the CFPB was created in 2010 under the Dodd-Frank Act, the agency was designed to receive its funding directly...
