New home sales decreased in June, but slightly increased from last year, according to the new report from the Census Bureau and the Department of Housing and Urban Development. Zillow Senior Economist Aaron Terrazas questions if sputtering permits in the first half of 2018 could possibly reflect growing homebuilder pessimism.
Mortgage applications decreased 0.2% from last week and, on an unadjusted basis, the index remained unchanged at 22%, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 20, 2018.
Millennials and baby boomers may steal most of the attention as the big movers in real estate these days, but the generation in between has actually recovered the most and gained the most household wealth since the Great Recession.
A new partnership between digital notary platform Notarize and Title Resources, a national title company, is ushering in faster and fully digital closings on real estate transactions in a handful of states.
A new survey from realtor.com® shows what home shoppers are willing to sacrifice in order to get what they really want in a home’s location.
The Federal Housing Finance Agency announced it is suspending an initiative to update the credit score model, which some were hoping would bring scoring to an estimated 7.6 million consumers who are currently unscorable.
While most experts agree the housing market is on solid ground, some are beginning to question red flags that are beginning to arise, possibly showing a slowdown in growth. Now, one expert wonders if the current growth in housing and the economy is sustainable headed into the second half of 2018.
Following through on its promises of expansion, American Mortgage Consultants recently announced the acquisition of The Barrent Group’s operations center and 50 of its mortgage professionals. TBG’s President Richard Barrent said the transaction with AMC was a good fit for his company because it will allow employees to continue serving clients.
On Monday, the U.S. District Court judge overseeing ex-Trump campaign manager Paul Manafort’s trial in Virginia granted immunity to two mortgage bankers from Chicago’s The Federal Savings Bank, which gave Manafort several million in loans.
The trillion-dollar mark is a psychological barrier, to be sure, as several times in the past five years issuance reached similar levels. But today’s S&P note is underpinned by a growing global uncertainty, of which securitization investors seem unafraid.
Karin Comeaux
Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148
(702) 328-4114
(702) 586-1616
