News

News

19 September 2019

Mortgage Rates Jump

Freddie Mac  Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing that the 30-year fixed-rate mortgage (FRM) rate averaged 3.73 percent. This week’s 30-year fixed mortgage rate increase is the largest week-to-week uptick since October 2018. Sam Khater, Freddie Mac’s Chief Economist says, “Despite the rise in mortgage rates, economic data improved […]

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19 September 2019

Opportunity Zones Offer A Tax Loophole For Affluent Art Collectors

Inman News Investment firms say affluent art collectors may use tax breaks offered by opportunity zones program in place of 1031 tax exchange. The purpose of the “opportunity zones” program is to revive 8,700 low-income neighborhoods by offering developers tax breaks when they invest their capital gains. But, since its launch nearly two years ago, critics have […]

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18 September 2019

Federal Reserve Cuts Rate By 0.25%, Defying Trump’s Demand For “Big Interest Rate Drop”

HousingWire Central bankers keep their powder dry-ish amid “global developments”. The Federal Reserve cut its benchmark rate by a quarter of a percentage point in a bid to keep trade wars and the threat of a global recession – what it delicately called “global developments” – from tanking America’s decade-long expansion. President Donald Trump reacted to the […]

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18 September 2019

NAR Calls For Improvements To The Qualified Mortgage Rule

Inman News The Consumer Finance Protection Bureau signaled an interest in ending a temporary exemption that allows government-backed loans to exceed 43 percent debt-to-income ratio. The National Association of Realtors (NAR) is calling on the Consumer Finance Protection Bureau (CFPB) to improve the qualified mortgage definition and government-sponsored entity patch, as well as support an extension before figuring out the […]

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17 September 2019

Builder Confidence Hits Yearly High In September

Inman News The National Association of Home Builders’ monthly measure of market conditions reached its highest point in 2019 and the highest point since October of last year. The National Association of Home Builders (NAHB) monthly measure of builder confidence and market conditions rose one point between August and September, a high mark for the year and […]

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16 September 2019

Four Reasons You May Want To Purchase Before 2020

Inman News Renewable energy and other tax benefits are a few of the items that you can take advantage of now. BY KAYLA MATTHEWS If you’re re not sure whether to buy a house now or wait until next year, here are four rather compelling reasons why 2019 may be a better time for a […]

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13 September 2019

Housing Market Cooldown Reaches Longest Streak Since 2009

CoreLogic Slowing Home Price Growth Enters 15th Month According to the latest S&P CoreLogic Case-Shiller National Home Price Index, home prices in the United States grew by 3.1% in June. This is the 15th consecutive month of slowing home-price growth. In addition, home prices in Seattle dropped for the third month in a row, while San […]

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12 September 2019

Mortgage Rates Increase

Freddie Mac Freddie Mac today released the results of its Primary Mortgage Market®, showing that the 30-year fixed-rate mortgage (FRM) rate averaged 3.56 percent. While this is an increase from last week, this is the first time 30-year fixed mortgage rates have been under 3.6 percent over four consecutive weeks since the fourth quarter of 2016. […]

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12 September 2019

Share of Homes Selling At or Above List Price 10 Percentage Points Above Long Term Average

CoreLogic 39% of Homes Sold At or Above List Price in June 2019 Ten years after the financial crisis, the national CoreLogic Home Price Index (HPI®) has exceeded its pre-crisis peak and continues to grow but at a slower pace than in recent years. With home prices reaching many buyers’ budget limits, the share of […]

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11 September 2019

Inventory Crises Could Stretch Into 2022 And Beyond: Zillow

Inman News Housing starts won’t reach the historical average of 1M new units per month until at least 2022 or later, with the most pessimistic estimates stretching into 2029. Housing starts won’t reach the historical average of 1 million new units per month until at least 2022 or later, with the latest estimates stretching to 2029, […]

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