Freddie Mac has revised downward its economic forecast for the remainder of 2016 following a tepid first quarter, but still remains upbeat about the housing market.
April 25, 2016
Purchases of new homes unexpectedly declined in March for a third month, reflecting the weakest pace of demand in the West since July 2014.
Recently, real estate broker Seanne Thomas flat-out told a client eyeing a house in St. Paul's Dayton's Bluff neighborhood to put in a bid $12,000 over the asking price.
Greater downtown Detroit residential real estate a near-dead market only a few years ago is now soaring with a few property owners even listing their downtown and Midtown properties for fantasy prices running into the millions of dollars.
The Department of Housing and Urban Development said Friday that an agreement was reached between Fidelity Bank and the Fair Housing Project of North Carolina Legal Aid.
Spiking values for entry-level homes may prevent some first-time homebuyers from entering the housing market this spring, according to Zillow.
Alterra Home Loans more than doubled its mortgage volume but saw its revenue decline. After some post-adoption hiccups, the company is making more money than ever. Other lenders have similar stories.
April 22, 2016
Blackstone Group, with real estate assets that have surpassed $100 billion, is considering tapping individual investors as it expands its push into owning high-quality buildings with steady income streams.
Mortgage professional hiring and new job appointments for the week ending April 22.
The single-family housing market in Connecticut and in New Haven County saw double-digit percentage increases last month compared to March 2015, but failed to see similar growth in median home prices.
As the spring home selling season begins, home prices continue to climb in Chicago and its suburbs while a slim inventory of available homes is constraining purchases.
April 21, 2016
D.R. Horton Inc., the largest U.S. homebuilder, reported fiscal second-quarter earnings that beat analysts' estimates as it increased sales amid a tight inventory of properties on the market.
As the war for talent heats up and lenders face tougher decisions in recruiting and hiring loan officers, the need to deploy certain tactics might seem appealing, but will ultimately create more problems than they are worth.
There should be contractual agreements in place between mortgage companies and loan officers that clearly define what, if any, customer information loan officers can bring from former employers to new ones.
Its results were affected by the costs related to shutting the delinquent loan services business.
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