NAR chief economist Lawrence Yun said the strong demand that has been frustrating buyers and the spring’s swift sales “took a dent out of what was available for sale in May and ultimately dragged down contract activity.”
Read More »Builders Enduring Labor Shortage While Costs Soar
Housing numbers might be doing well in general, but what happens when everyone wants to buy a house but no one wants to build them?
Read More »Refis May Drop As Rates Rise
Will borrowers have an incentive to refinance if rates increase?
Read More »The Week Ahead: Can Pending Home Sales Maintain Momentum?
In April, pending home sales reached their highest point in a decade, contributing toward making 2016 the best spring homebuying season in a decade. Can they maintain that level in May?
Read More »Brexit Triggers Caution, But Could Benefit U.S. Homebuyers
The U.K. voted 52 percent to 48 percent to leave the European Union‒‒the much anticipated, but also much feared “Brexit”‒‒in a move that has had immediate effects on global and American markets.
Read More »Stress Tests? No Problem for These Banks
The nation's 33 largest bank holding companies were tested for their ability to lend under severely adverse economic scenarios that include an increase of 5 percentage points in the unemployment rate.
Read More »New Home Sales Reverse Course
The pace of new home sales dropped off in May, but that may have been expected due to April's large jump.
Read More »Title Agents Bullish on Buys and Refis
Title agents are significantly more optimistic in Q2 than last quarter about the volume of both purchase and refinance transactions in the year ahead, according to a recent survey.
Read More »CFPB Investigation Uncovers Servicing Violations
The Bureau reported violations due to deficient technology and process breakdowns as a result of numerous examinations of mortgage servicers since the CFPB’s new servicing rules went into effect in January 2014.
Read More »Legal League 100 Turns Attention Toward Advocacy
On Wednesday, members of the Legal League 100 Advisory Council met in Dallas, Texas, to discuss the state of the Legal League 100 and its subcommittees, and to create initiatives to reflect the concerns and needs of its membership.
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