Tag Archives: Markets & Economy

Pending home sales dip annually for 14th straight month

By Patrick Kearns | March 28, 2019 - 2:03 pm |March 28, 2019 Uncategorized

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Pending home sales dropped 1 percent from January to February and were down 4.9 percent year-over-year, according to the National Association of Realtors. Continue reading →

Bidding wars are way down among Redfin homebuyers

By Jim Dalrymple II | March 27, 2019 - 5:14 pm |March 27, 2019 Uncategorized

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Only 16 percent of homebuyers using Redfin faced a bidding war during the first weeks of March, the online brokerage reported Wednesday. Continue reading →

PeerStreet expands loan product line for private investors

By Veronika Bondarenko | March 26, 2019 - 4:10 pm |March 26, 2019 Uncategorized

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The loans, which will vary from $75,000 to $1.5 million and come with an interest rate from 6.5 to 10 percent, are aimed at lenders hoping to reach borrowers in search of investment properties. Continue reading →

Prices edged up slightly from December to January: FHFA

By Patrick Kearns | March 26, 2019 - 2:23 pm |March 26, 2019 Uncategorized

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U.S. home prices rose slightly from December to January, up 0.6 percent according to the Federal Housing Finance Agency (FHFA). Continue reading →

Home prices continued to grow at sluggish pace in January

By Veronika Bondarenko | March 26, 2019 - 1:19 pm |March 26, 2019 Uncategorized

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The price of an average home in the U.S. rose 4.3 percent year-over-year in January, falling from 4.7 percent in December, according to Case-Shiller. Continue reading →

Housing starts drop in February

By Patrick Kearns | March 26, 2019 - 12:40 pm |March 26, 2019 Uncategorized

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Housing starts dropped 8.7 percent from January to February, according to the latest data from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. Continue reading →

Existing-home sales begin seasonal bounce back

By Patrick Kearns | March 22, 2019 - 2:37 pm |March 22, 2019 Uncategorized

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Existing home sales climbed 11.8 percent from January to a seasonally adjusted annual rate of 5.51 million in February, according to NAR. Continue reading →

Homeownership isn’t a necessity for most millennials: Survey

By Marian McPherson | March 21, 2019 - 6:56 pm |March 21, 2019 Uncategorized

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According to a new survey commissioned by Northshore Fireplace, 65 percent of millennials believe homeownership is a ‘choice,’ rather than a necessity. Continue reading →

Google and Coinbase Global executives join Fannie Mae board

By Veronika Bondarenko | March 21, 2019 - 3:00 pm |March 21, 2019 Uncategorized

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Karin Kimbrough of Google and Brian Brooks of Coinbase Global have been elected as new members to Fannie Mae’s board of directors. Continue reading →

Federal Reserve keeps rates static, predicts no hikes in 2019

By Patrick Kearns | March 20, 2019 - 7:59 pm |March 20, 2019 Uncategorized

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The Federal Reserve held interest rates steady at 2.25 to 2.50 percent Wednesday as was widely expected while also predicting no rate hikes in 2019. Continue reading →