News

News

25 March 2020

With Fed’s Unlimited MBS Buying, How Low Can Mortgage Rates Go?

HousingWire When lenders stop pricing in a risk premium, perhaps as low as 2.75%. The Federal Reserve’s pledge on Monday to buy unlimited amounts of Treasuries and mortgage bonds to stabilize the markets may have the same effect as when it rescued the economy in 2008: New lows for home-loan rates. Nine days ago, the Fed set a […]

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25 March 2020

Mortgage Applications Fall Significantly As Coronavirus Continues To Hit Housing Market

HousingWire The conventional and government indices drop to the lowest level in March. After reaching a near 11-year high just a few weeks ago, mortgage applications declined for the second consecutive week as the coronavirus that causes COVID-19 continues to create instability in the housing market. According to the Mortgage Bankers Association, mortgage applications dropped 29.4% for the week ending on March 20, 2020. On an […]

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25 March 2020

Report: February Rental Market Showed Promise Despite COVID-19 Concerns

RentCafe RENTCafé National Rent Report: The Average Apartment Rent Was $1,468 in February. Key takeaways: The national average rent in February 2020 was $1,468, up 3.2% compared to the same time last year.  The most expensive apartments are in Manhattan, $4,208 per month, while the lowest rents are in Wichita, KS, $665 per month. Of the […]

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25 March 2020

56% Of Renters Still Plan To Move Despite Ongoing Pandemic

Inman News RentCafe’s latest survey shows the majority of renters aren’t canceling moving plans. Although buyer demand seems to be coming to a grinding halt in much of the country, a new report by RentCafe published on Monday shows a majority of renters plan to soldier on with their moving plans. In a survey of 6,000 […]

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24 March 2020

New-Home Sales Decrease In February, Decline 4.4%

Inman News / HousingWire New, single-family home sales decreased by 4.4% to a seasonally adjusted annual rate of 765,000 from January to February. Despite the decline, February’s total is 18.6% above 2019’s rate. Sales of new, single-family homes decreased by 4.4 percent to a seasonally adjusted annual rate of 765,000 from January to February, according […]

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24 March 2020

Why the Stock Market Correction Probably Won’t Impact Home Values

KCM With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking place today, however, is nothing like what happened the last time. The S&P 500 did fall by over fifty […]

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23 March 2020

Fed Announces Unlimited Purchases Of MBS And Treasuries, Adds Multifamily Mortgages

HousingWire “Quantitative easing” is aimed at greasing the wheels of the credit markets. The Federal Reserve announced on Monday that it will buy unlimited amounts of Treasuries and agency mortgages (including multifamily) to grease the wheels of the credit markets. The purchases are attempts to add liquidity to the debt markets and avoid the type of credit […]

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23 March 2020

Fannie Mae, Freddie Mac Relax Appraisal, Employment Verification Standards In Wake Of Coronavirus

HousingWire Will allow drive-by and desktop appraisals in certain circumstances. Citing the extraordinary circumstances that the country is facing with the ongoing spread of the coronavirus, the Federal Housing Finance Agency announced Monday that is directing Fannie Mae and Freddie Mac to ease their standards for both property appraisals and verification of employment. The moves are part of a growing effort to “facilitate […]

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23 March 2020

Economic Slowdown: What the Experts Are Saying

KCM More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real […]

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23 March 2020

Perfectly Patterned | Five Homes with Eye-Catching Wallpaper

Sotheby’s International Realty Whether classical and floral or modern and maximalist, few things create visual interest and transform everyday interiors like carefully chosen wallpaper. Sophisticated Style in the Carlton House New York, New York Interior design by Kyle Timothy Blood distinguishes this chic Upper East Side home. Highlights include a sophisticated foyer, a sun-flooded living […]

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