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25 January 2020

A Solution To The Inventory Problem? Housing Starts Are Expected To Rise This Year

HousingWire Capital Economics predicts 1 million new single-family homes will be built this year. Economics has long been dubbed “the dismal science.” But the economists at Capital Economics are showing some optimism for single-family housing starts in 2020. Their latest report predicts single-family housing starts to average around 1 million annualized this year. “There are encouraging signs […]

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25 January 2020

CFPB Now Taking Friendlier Approach To Financial Abuses

HousingWire Announces new policy on “abusive” practices. For years, the financial services industry has been asking the Consumer Financial Protection Bureau to address what the industry views as ambiguity surrounding the bureau’s regulation of “abusive” practices. And now, they’re getting their way. The CFPB announced Friday that, effective immediately, it is changing its approach to “abusive” practices and limiting […]

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24 January 2020

Despite Softening Home Price Growth, It’s Still A Seller’s Market

Inman News Homeseller profits increased for three years in a row, rising to $65,500 in 2019. Despite home price growth softening in some of the nation’s most expensive markets, it’s still a seller’s market according to an Attom Data Solutions report released on Thursday. The average homeowner who sold their home in 2019 experienced a home […]

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24 January 2020

What You Need To Know About Real Estate’s Inventory Shortage

KCM We may have started a new decade, but last year’s biggest real estate concern is still singing the same tune. Inventory is at a near-historic low, while demand for homes continues to grow. This can be frustrating for eager buyers. WHY this means sellers shouldn’t wait to sell. The Facts A normal market’s inventory […]

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24 January 2020

Mortgage Rates Drop to Lowest Level in Three Months

Freddie Mac Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing that the 30-year fixed-rate mortgage (FRM) averaged 3.60 percent. “Rates fell to the lowest level in three months and are about a quarter point above all-time lows,” said Sam Khater, Freddie Mac’s Chief Economist. “The very low rate environment has clearly […]

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23 January 2020

Housing’s Busy Season Arrives Early This Year

HousingWire A record low in housing inventory has the football fans coming out early. The way the housing cycle is supposed to work is: The official kickoff of the spring homebuying season for families seeking newly built houses should come in February, long before the March’s vernal equinox marking winter’s end. The annual pickup in […]

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23 January 2020

U.S. Home Prices Rise 4.9% From November 2018

HousingWire The Mountain division experiences the strongest price growth. Home prices increased in November, rising only 0.2% from the previous month’s revised pace, but up 4.9% from 2018, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to or […]

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23 January 2020

Home Seller Profits Hit New High As People Are Staying In Their Homes Longer Than Ever

HousingWire Which came first, the housing tenure or the profit? People are staying in their homes longer than ever before, but it may pay off big for them should they choose to move. That’s according to a recent report from ATTOM Data Solutions, which stated that both homeownership tenure and home seller profits simultaneously hit new highs. […]

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22 January 2020

Existing-Home Sales Climb 3.6% In December For A Strong Finish To 2019

National Association of Realtors Existing-home sales jumped 10.8 percent year-over-year in December, according to the National Association of Realtors. Existing-home sales grew in December, bouncing back after a slight fall in November, according to the National Association of Realtors®. Although the Midwest saw sales decline, the other three major U.S. regions reported meaningful growth last […]

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22 January 2020

Fannie Mae’s Duncan: Low Mortgage Rates Will Boost Prices

HousingWire 30-year fixed mortgage rate likely will average 3.7%, down from 3.9% in 2019. Fannie Mae raised its forecast for 2020 home-price gains, saying low mortgage rates and a strong labor market will pump up demand for properties. Single-family home prices probably will increase at a 4.6% pace this year, Fannie Mae said in a forecast […]

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