Investors expect continued housing price appreciation and are more optimistic about the performance of real estate investments than of stocks, according to the UBS/Gallup Index of Investor Optimism.In the June index, 63% of investors said they expect housing prices to rise over the next six months, 18% saying prices will rise "a lot" and 45% saying "a little," UBS reported. Only 13% said they expect housing price declines during that period. About 38% of investors say this is a good time to buy real estate, while 25% says it's time to sell, the company said. Regarding real estate versus stocks, 67% said they view real estate investments as more profitable and 77% said they see them as safer. Additional information on the index can be found online at http://www.ubs.com/investoroptimism.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2 -
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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