Seven in 10 investors believe that conditions in the real estate market are getting worse, according to a monthly UBS/Gallup index.The companies' Index of Investor Optimism indicates that 70% of respondents view conditions as worsening in the real estate market, compared with 63% in June. According to the index, 56% of respondents rated conditions in the real estate market as "only fair" (44%) or "poor" (12%) in August, up from 46% in June and July. The index overall registered a 53, down two points since the previous month and 40 points since January. "The drop in confidence in the real estate market reflects the economic data for that sector and suggests that investors are feeling the pinch in their local markets," said Anne Briglia, senior fixed-income strategist in UBS Wealth Management Research. Further information on the index can be found online at http://www.ubs.com/investoroptimism.
-
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
55m ago -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
58m ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
1h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
2h ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
4h ago -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
4h ago