Mortgage Watch – August 19

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Homebuilders see more short term profit in building single-family rental communities If you can’t buy, rent? That’s the stigma renters used to tolerate, but no longer. According to CNBC’s Diana Olick, demand for single-family rental homes is surging while homebuilders are rethinking how they do business by redesigning and reimagining the sector — and becoming landlords themselves. “While builders have …

Mortgage Watch – August 12

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It was not that long ago when one could drive through neighborhoods of lovely homes and see “for sale” signs up everywhere, vacant homes, and uncut lawns. The financial crisis causing the foreclosure of millions of homes was a scary time. The good news is that the days of rampant foreclosures resulting in scores of empty homes are thankfully now …

Mortgage Watch – August 5

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July jobs numbers bode well for real estate According to the Bureau of Labor Statistics, Realtor.com and a report by Forbes’ reporter Carolyn Feeney, the much-anticipated July jobs report released Friday morning offers a mixed bag for real estate. The good news is that the employment numbers are still tight, offering a kind of safety net for the housing market. …

Mortgage Watch – July 29

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New home sales get a shot in the arm Following two straight months of declines, new home sales jumped 7% in June compared to May to a seasonally adjusted annual rate of 646,000 in June, the Commerce Department said Wednesday. It’s the straw that stirs the soup, so to speak, even though new home sales represent only about 10% of …

Mortgage Watch – July 15

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NAR Chief Economist sees promise in housing market A a recent report by National Association of Realtors’ Chief Economist Danielle Hale details how and why the housing market is looking more promising over the next few months. “I don’t think we’ll get back all the way to…the frenzy we saw at the beginning of 2018,” she says. “But it’s certainly …