Slim profit margins on new builds have developers adopting a new strategy
Homebuilders are stepping up to the plate and becoming landlords in the latest growing housing industry trend.
According to CNBC, more and more single-family homes are being built just to be rented out.
Nearly a decade ago, there was a foreclosure crisis. Realtors were buying old houses and...
Projected fall in rates spells good news for homebuyers
In May, home prices fell 0.7%, declining 3.7% year over year, according to First American’s Real House Price Index.
According to First American’s data, unadjusted house prices sit 3.2% above the housing boom peak. Whereas consumer buying power rose 1.3% between April and May, rising 9.3% year over year.
When consumer house-buying power...
Responds to judge's ruling in lawsuit with Native American tribe
The Department of Housing and Urban Development issued a notice to lenders Tuesday announcing the formal suspension of its rule change to down payment assistance guidelines.
According to the bulletin, HUD is halting the effective date of a mortgagee letter it issued in April that...
Study shows closing times are steadily declining
A recent survey highlighted homebuyers’ frustrations, revealing that nearly half felt it takes too long to get a mortgage.
But according to a new study from LendingTree, things are trending in the right direction, as the average closing time has fallen by a sizable 34 days in the last two years.
According to the study,...
KEY POINTS
Declining home sales are “consistent with the possibility of a late 2019 or early 2020 recession,” St. Louis Fed economist William Emmons said in a report.
The analysis overlays home sales over 12- and 36-month periods to look at trends that have held up during the previous three recessions.
Emmons said a recession, if it hits, would...
