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Finance, Economy & Government Issues Archive


Buyers on the Move: Applications Rise for New Home Purchases

The Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS) data for March 2014 shows mortgage applications for new home purchases increased by 15 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns. ...


Fixed Mortgage Rates Tick Down

Recently, Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving down slightly as we head into the spring homebuying season. ...


Buyers Bloom in the Springtime

Daffodils, April showers, robins and a new crop of For Sale signs seem to be working their seasonal magic on home buyers. The latest Fannie Mae survey, conducted in March, reports that the gloominess that shrouded buyers during the bitter winter months ...


In Top Metro Areas, a Relationship Is Found between Income and Home Values

In a recent study, NAHB examines eight key housing statistics from the 2012 American Community Survey (ACS). This post takes a closer look at two of those statistics; the median household income and median value of owner-occupied housing units. ...


Metropolitan Markets Move Forward

The April NAHB/First American Leading Market Index rose one point to .88 from .87 in March. The index measures how close individual markets and the US market are relative to their last normal market activity. A total of 153 markets or about ...


Obama Administration Renews Support for Homeless

U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan recently announced nearly $1.6 billion in grants to renew support for 7,100 local homeless housing and service programs across the U.S., Puerto Rico, Guam and the U.S. Virgin Islands. Provided through HUD’s Continuum of Care Program, the funding will ensure these ...


Recovery Spreads: Activity Exceeds Norm in Many Markets

Of the approximately 350 metro markets nationwide, 59 returned to or exceeded their last normal levels of economic and housing activity, according to the just-released National Association of Home Builders/First American Leading Markets Index (LMI). This represents a net gain of 11 ...


A Frigid February Catches up to Construction Spending

Total private residential construction spending decreased in February after three consecutive months of growth. The unusually cold winter may have finally caught up to total residential spending and contributed to a slight month-over-month decline. Total private residential construction spending dropped to a seasonally adjusted annual rate of $360.4 billion according ...


Fixed Mortgage Rates on Hold

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates relatively unchanged from last week. ...


Consumer Spending Increases in February while Inflation Stays Low

(MCT)—Consumer spending increased last month the most since November as Americans appeared to start shaking off the effects of severe winter weather. ...


How Much Do Real Estate Agents Make?

It’s a common question for consumers, students and real estate professionals: How much do real estate agents make? ...


New-Home Sales Continue to Level in February

Sales of newly built, single-family homes fell 3.3 percent to a seasonally adjusted annual rate of 440,000 units in February, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. ...


Solid February Gains Point to Seller Optimism

As prices continue to rise, more sellers are putting their homes on the market than this time last year, according to Realtor.com®'s recently released National Housing Trend Report for February 2014. This movement is a sign of confidence in the gains sustained ...


The Future of the Housing Finance System

The future of the housing finance system is a key issue for the housing industry as well as the economic makeup of the middle class, given the importance that housing wealth and access to rental housing plays in our economy. These factors ...


Lenders: QM Rule Will Bump up Rates for Low FICOs

The qualified mortgage (QM) rule that took effect in January will raise mortgage rates by at least 150 percentage points according to a survey of lenders released recently. ...


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