News / Features

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Mortgage market update 6-21

Weekly loan applications decline marginally The number of applications filed for a new home loan fell from the previous week, according to the Mortgage Bankers Association, which was perhaps unsurprising considering the earlier report’s record-high levels. In the week

May home sales improve as market forces stabilize

Existing-home sales finally grew in May after two months of downbeat reports, according to the latest monthly snapshot of U.S. housing activity from the National Association of Realtors. Closed sales of previously-owned homes increased by 2.5 percent over April’s

Real estate in brief: Investors, interest rates and more

Investors claim growing share of US home sales Despite still-growing prices that have exceeded their pre-recession peaks in some markets, more single-family homes around the U.S. are being purchased by investors rather than owner-occupants. According to a report from

NAR survey adds to bullish case for home sales

Optimism struck in the second quarter of 2019 with 73 percent of Americans saying they believe now is a good time to sell a home, an increase from 65 percent in the first quarter based on a consumer survey

Fed leaves interest rates unchanged, but is no longer ‘patient’

The Federal Reserve announced June 19 that it would not make changes to targets for its key interest rate, the federal funds rate, which influences what banks charge for consumer loans including mortgages. However, in line with some projections,

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Housing starts take a downward turn while building permits increase

Numbers released Tuesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development show that housing starts unexpectedly fell during the month of May, while building permits increased. Privately-owned housing starts dropped by 0.9 percent,

What buyers with kids are searching for

In every decision they make, parents tend to make their children their top priority. And according to new research from Zillow, the same goes for the considerations they make when shopping for a new home More than the life of

Lender sentiment turns positive as low rates spur demand

The trend toward lower mortgage rates doesn’t appear to be a short-lived phenomenon, and has already boosted loan application activity to historically high levels. As a result, lending industry executives are responding with their most optimistic outlook on the

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This week in Houston real estate: Foreclosures, Schlitterbahn and more

Foreclosures bounce back after Harvey-related hit The foreclosure rate in Houston has decreased 65 percent compared to this time last year, the Houston Chronicle reported. Foreclosure starts surged following Hurricane Harvey in 2018, but this new data suggests the

Real estate in brief: Dreamers, blockchain and more

HUD confirms ‘Dreamers’ are ineligible for FHA loans The U.S. Department of Housing and Urban Development confirmed for the first time that undocumented immigrants given temporary residence under the Deferred Action for Childhood Arrivals policy (known as Dreamers) are

These are the cities with the most construction permits issued last year

A new report by home remodeling website Fixr lists the top 20 metropolitan areas in the country for the number of construction permits filed in 2018. The list includes many “usual suspects” like New York, Los Angeles and Chicago—though

Sizzling luxury market helps Houston set new bar for month of May

Houston’s housing market set new records in May, registering positive gains in all the major categories measured by the Houston Association of Realtors’ monthly report, released Wednesday. Housing inventory grew to 4.2 months’ supply—its highest level since August of

Confidence in the US housing market grows

Two recent measures of Americans’ confidence in the national housing market improved in the last month, showing that more homeowners as well as consumers are generally feeling more optimistic about this key segment of the U.S. economy. One of

Home flipping is down, but still very profitable in certain cities

  The practice of home flipping in the U.S. declining in strict numbers, even as it grows as a share of all home sales, according to a new report on the subject by ATTOM Data Solutions. The report looked

How much real estate contributes to Texas’ economy

The housing market is a major driver of the U.S. economy, but its contribution is different on a state-by-state basis. According to a recent report from the National Association of Realtors, the real estate industry contributed $268.8 billion to the

Winners and losers of the Tax Cuts and Jobs Act

A new report by John Burns Real Estate Consulting attempts to quantify and forecast the real estate impact of 2017’s Tax Cuts and Jobs Act and takes stock of some measurable aspects of the law’s effects about a year

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