U.S. Housing Market
Wendy’s to Close Hundreds of US Restaurants
This is the second time in a year that Wendy’s began closing scores of restaurants. Continue Reading Wendy’s to Close Hundreds of US Restaurants
Mortgage Credit Availability at 3-Year High
“Credit availability in October rose to its highest level since 2022 as investors broadened their loan offerings over the month,” said MBA’s Joel Kan Continue Reading Mortgage Credit Availability at 3-Year High
Price Premium for New Construction Drops to Record Low
New build list prices declined in 30 of the nation’s 100 largest metros, with the steepest declines in the South. Continue Reading Price Premium for New Construction Drops to Record Low
Multifamily Developer Confidence Up Slightly During Q2
“Multifamily developer confidence and sentiment are showing slight signs of improvement when compared to this time last year,” said Debra Guerrero, chairman of NAHB’s Multifamily Council. Continue Reading Multifamily Developer Confidence Up Slightly During Q2
Mortgage Rates Decline to Lowest Level Since April
The 30-year fixed-rate mortgage averaged 6.63% as of Aug. 7, down from last week when it averaged 6.72%, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.47%. The 15-year fixed-rate...
Citing Handwritten Will, Judge Awards Aretha Franklin’s Real Estate to Three Sons
Franklin wrote the will in longhand in 2014. Continue Reading Citing Handwritten Will, Judge Awards Aretha Franklin’s Real Estate to Three Sons
CFPB Fines Bank of America $12 Million Over HMDA Violations
“Bank of America violated a federal law that thousands of mortgage lenders have routinely followed for decades,” said CFPB Director Rohit Chopra Continue Reading CFPB Fines Bank of America $12 Million Over HMDA Violations
LendSure Mortgage Debuts Profit & Loss Loan Program
The program is designed for business owners and self-employed investors with fluctuating seasonal income or cash businesses. Continue Reading LendSure Mortgage Debuts Profit & Loss Loan Program
Survey: Most Americans Think a Housing Crash Could Happen Next Year
Half of homeowner respondents said their current rate is keeping them in their houses. Continue Reading Survey: Most Americans Think a Housing Crash Could Happen Next Year
Home Prices Up Again in Case-Shiller, FHFA Data Reports
FHFA’s Dr. Anju Vajja said third quarter prices were “appreciating more than in each of the previous four quarters.” Continue Reading Home Prices Up Again in Case-Shiller, FHFA Data Reports
New Single-Family Home Sales Down in October
The median sales price of new houses sold in October was $409,300 and the average sales price was $487,000. Continue Reading New Single-Family Home Sales Down in October
Hits and Misses for the Real Estate Week of Nov. 20-24
This week’s Hits and Misses considers seller confusion on agent commissions, New York City’s newest hotel and a San Francisco landmark being prepped for flooding in 2100. Continue Reading Hits and Misses for the Real Estate Week of Nov. 20-24
Guest Opinion: The Richmond Fed and the Housing Challenge
In 2022, construction costs were three-fifths of the average sales price for a new single-family home. Continue Reading Guest Opinion: The Richmond Fed and the Housing Challenge
Tunnel to Towers Launches Fifth Annual Season of Hope Campaign
The foundation is planning to deliver more than 200 mortgage-free homes to families across its programs. Continue Reading Tunnel to Towers Launches Fifth Annual Season of Hope Campaign
Florida Home Sales Down While Prices Seesaw Up
Florida had a 3.5-month supply of single-family existing homes in October, up 29.6% year-over-year. Continue Reading Florida Home Sales Down While Prices Seesaw Up
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