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    Implications Of FOMC Normalization Process For Mortgage Rates

    Wednesday September 20th, 2017 10:08:49 PM
    Michael Neal

    In its statement, the Federal Open Markets Committee (FOMC) left its key interest rate unchanged at a range of 1.0 to 1.25 percent. As signaled in its last statement, the FOMC, beginning in October, will initiate the balance sheet normalization program. The contents of this program are described in the June 2017 Addendum to the Committee’s Policy Normalization Principles and… Read More ›

    August Existing Sales Remain Sluggish

    Wednesday September 20th, 2017 03:41:42 PM
    Stephen Melman

    August existing sales declined for the fourth time in five months, and only some of that decline was attributed to Hurricane Harvey. Despite gains in the Northeast and Midwest, existing home sales fell 1.7% in August, and remained only 0.2% above the level a year ago. Some 51% of homes sold last month were on the market less than a… Read More ›

    Single-Family Starts Post Slight Gain in August

    Tuesday September 19th, 2017 02:16:22 PM
    Robert Dietz

    The pace of single-family starts posted a slight gain in August, albeit over downwardly revised estimates of the rate of July construction. Nonetheless, the three-month moving average for single-family starts is at a post-recession high of 849,000 as the gradual recovery in home building continues. Total starts declined almost 1% in August to a 1.180 million seasonally adjusted annual rate, according to the… Read More ›

    Builder Confidence Drops As Hurricanes Add Uncertainty

    Monday September 18th, 2017 02:03:42 PM
    Robert Dietz

    Builder confidence in the market for newly-built single-family homes fell three points to a level of 64 in September from a downwardly revised August reading of 67 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The recent hurricanes have intensified our members’ concerns about the availability of labor and the cost of building materials. Despite this… Read More ›

    Inflation Accelerated in August

    Friday September 15th, 2017 02:21:13 PM
    Michael Neal

    The Bureau of Labor Statistics (BLS) reported that its seasonally adjusted Consumer Price Index – Urban Consumer (CPI) rose by 0.4 percent over the month of August, a significant acceleration from the 0.1 percent month-over-month increase in July. Prices of energy commodities, gasoline in particular, rose by 6.1 percent over the month after treading flat in July. At the same… Read More ›

    CNN – Real Estate News

    How to save enough money for a down payment on a home

    Friday August 11th, 2017 02:09:28 PM

    Read full story for latest details.

    Chinese billionaire dumps huge London real estate deal

    Tuesday August 22nd, 2017 12:09:03 PM

    One of China’s richest men drops plans to buy $600 million of London real estate as his overseas deal-making comes under scrutiny from the Chinese government.

    What will your monthly mortgage payment be?

    Monday February 2nd, 2015 03:53:13 PM

    In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.

    Does the American Dream no longer include homeownership?

    Monday July 24th, 2017 02:41:24 PM

    Read full story for latest details.

    U.S. home sales to foreigners surge 49% to new record

    Tuesday July 18th, 2017 03:41:38 PM

    Foreigners and recent immigrants spent $153 billion buying American homes over the course of the last year, according to the National Association of Realtors.

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