U.S. Housing Market
Illinois Home Sales and Inventory Decline While Median Price Rises
“May brought continued price growth across Illinois, as limited housing supply helped keep the market competitive,” said Jeff Kolbus, president of Illinois Realtors. Continue Reading Illinois Home Sales and Inventory Decline While Median Price Rises
Mortgage Rates Tick Up Slightly
The 30-year fixed-rate mortgage averaged 6.49% as of June 25, up from last week when it averaged 6.47%. Continue Reading Mortgage Rates Tick Up Slightly
LGI Homes Launches Master-Planned Community in Houston Suburb
Cypress Trails will bring more than 500 new single-family homes to the area. Continue Reading LGI Homes Launches Master-Planned Community in Houston Suburb
Ginnie Mae’s MBS Portfolio Reached Nearly $3 Trillion in April
The agency said the pooling and securitization of loans in April benefited more than 160,000 households, including over 58,000 first-time homebuyers. Continue Reading Ginnie Mae’s MBS Portfolio Reached Nearly $3 Trillion in April
Hits and Misses for the Real Estate Week of May 11-15
A new chairman at the Federal Reserve, a new real estate tax to bite Big Apple homebuyers, and London’s most famous rooftop will open to the public. Continue Reading Hits and Misses for the Real Estate Week of May 11-15
Tech Trends: In Pursuit of User-Friendly Solutions
This week’s edition of Tech Trends offers four new solutions designed to make life easier for home sellers, property managers, and real estate investors. Continue Reading Tech Trends: In Pursuit of User-Friendly Solutions
Report: Large Banks Originating More ARMs
“Future reset risk is mitigated by large banks’ continued focus on lending to borrowers with high credit scores and low leverage,” the report said. Continue Reading Report: Large Banks Originating More ARMs
Mortgage Rates Record New Uptick
The 30-year fixed-rate mortgage averaged 6.72% as of July 10. Continue Reading Mortgage Rates Record New Uptick
Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
About one in six (16%) respondents said Airbnb hosts deserve to have their property damaged. Continue Reading Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
Survey: 1 in 5 Americans Have Lived in a Storage Unit
The survey also found that 84% of Americans would consider sleeping in a storage unit if they became homeless. Continue Reading Survey: 1 in 5 Americans Have Lived in a Storage Unit
FHLBank San Francisco Awards Nearly $50 Million in Affordable Housing Program Grants
“We continue to make meaningful investments to address the affordable housing crisis across Arizona, California, and Nevada,” said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. Continue Reading FHLBank San Francisco Awards Nearly $50 Million in Affordable Housing Program Grants
BMO Unveils Spanish-Language Mortgage Application
The application is available both digitally and in a paper format available at branches. Continue Reading BMO Unveils Spanish-Language Mortgage Application
HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region
“Our hearts break as we witness the catastrophe unfolding in Texas,” said HUD Secretary Turner. Continue Reading HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region
A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
The FHFA director’s announcement on the use of VantageScore 4.0 might come with a few problems. Continue Reading A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
Asking Rents Down for Fourth Straight Month
On a month-over-month basis, asking rents rose 0.6%. Continue Reading Asking Rents Down for Fourth Straight Month
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