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    Industry News (Sources: NAHB & CNN)

    NAHB Eye on Housing

    Pending Sales Hampered by Insufficient Supply
    Monday February 27th, 2017 03:51:09 PM Stephen Melman
    The Pending Home Sales Index decreased 2.8% in January 2017 to its lowest level in a year, although it remained 0.4% above last January. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased to 106.4 in January from an upwardly revised 109.5 the previous month. The PHSI... Read More ›

    New Home Sales Post Slight Increase
    Friday February 24th, 2017 03:59:27 PM Robert Dietz
    New home sales contracts expanded by 3.7% in January over a soft December reading, according to estimates from the joint data release of HUD and the Census Bureau. Despite the gain, which places the January pace of sales 5.5% higher than a year ago, the current seasonally adjusted annual rate of 555,000 is slightly below the positive growth trend that has been in place over the last few... Read More ›

    Apartment and Condominium Market Momentum Continues
    Thursday February 23rd, 2017 03:07:09 PM Carmel Ford
    The National Association of Home Builders’ Multifamily Production Index (MPI) increased two points to 55 in the fourth quarter of 2016. For five straight years, the MPI has been at or above 50, which indicates that more respondents report conditions are improving than report conditions are getting worse (Figure 1). Figure 1: NAHB Multifamily Production Index (MPI) and Multifamily Starts... Read More ›

    Minutes From the FOMC January/February Meeting – We’ll Let You Know
    Wednesday February 22nd, 2017 11:26:14 PM Robert Denk
    The minutes from the Federal Open Market Committee (FOMC) meetings, released three weeks after the meeting as standard practice, offer a glimpse behind the curtain, providing details of the deliberations, areas of agreement as well as ongoing debate, and specific articulations of viewpoints from unnamed meeting participants, going beyond the statement released immediately following the meeting. Minutes from the January... Read More ›

    Existing Sales Fast Out of 2017 Gate
    Wednesday February 22nd, 2017 04:15:19 PM Stephen Melman
    Existing home sales, as reported by the National Association of Realtors (NAR), increased 3.3% in January, reaching the fastest pace since February 2007. At the current sales rate, the January unsold inventory represents a 3.6-month supply, unchanged from December. January existing sales were up 3.8% from the same month a year ago, and advanced to a seasonally adjusted rate of... Read More ›

    CNN - Real Estate News

    Where millionaires are moving: Australia tops the list
    Tuesday February 21st, 2017 02:39:20 PM
    Australia has cemented its status as the most desirable place for migrating millionaires in 2016.

    GOP declares all-out war on Elizabeth Warren's agency
    Thursday February 9th, 2017 07:40:21 PM
    Republican Rep. Jeb Hensarling penned a dramatic op-ed denouncing the CFPB in terms usually reserved for condemning tyrannical, intolerant autocratic regimes.

    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.

    Mortgage lender fined $3.5 million for kickback scheme
    Tuesday January 31st, 2017 09:58:20 PM
    The Consumer Financial Protection Bureau has ordered mortgage lender Prospect Mortgage to pay a $3.5 million fine for illegal kickbacks to real estate brokers and agents.

    Trump administration suspends mortgage premium rate cut
    Saturday January 21st, 2017 03:16:35 PM
    The Department of Housing and Urban Development has suspended the reduction of annual mortgage insurance premiums that was supposed to go into effect January 27.

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