Wells Fargo Housing Market Index

“When I Was Young and Looking To Buy A House…”

Today’s News Synopsis: Why is Avocado Toast synonymous with Millennials?  The NAHB reported an increase in builder confidence for the month of May, which now stands at 70.  The group paying a lot more in mortage costs, over $20,000, are homebuyers with low credit scores. In The News: PR Newswire – “Strong wage growth and steady …

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Millennials On One Side and Move-Down Buyers On the Other

Today’s News Synopsis: What is the barbell of real estate? Housing demand!  Mortgage rates are continuing to increase with 30-year rates now at 4.38% and 15-year rates at 3.84%.  The NAHB reported builder confidence was at 72, still pretty strong levels.  . In The News: Fannie Mae – “Growth Outlook Unchanged Despite Recent Market Volatility” (2-15-2018) …

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Acting Director Launches Public Review

Today’s News Synopsis: The CFPB wants to hear from you.  The NAHB reported a two point increase in builder confidence in December, placing it now at 72.  The Mortgage Bankers Association reported a 4.1% in mortgage applications last week. In The News: CoreLogic – “CoreLogic Integrates Fraud and Income Verification Solutions with LendingQB” (1-17-2018) “CoreLogic (NYSE: …

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Righteous Renovations

Today’s News Synopsis: Do you know which home features are worth renovating?  NAHB reported builder confidence increased five points to 74 this month.  The amount of adults in co-living situations, whether a roommate or parent, is higher than ever. In The News: Fannie Mae – “Fannie Mae Issues $10 Million ‘Challenge’ to Help Address America’s Affordable …

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H.R. 1, An All-Out Assault On Homeownership” – NAR Pres. Elizabeth Mendenhall

Today’s News Synopsis: National Association of Realtors will take their case to the Senate.  The NAHB reported builder confidence increased two points to 70 this month, putting it at its highest in 8 months.  ATTOM Data Solutions reported seriously underwater properties decreased by 1.4 million from last year in the third quarter of this year. …

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MBA Expresses Support for “Framework for Fixing our Broken Tax Code”

Today’s News Synopsis: Mortgage Bankers Association sends letter to Congress.  The NAHB reported an increase in builder confidence by four points, putting it now at 68.  A new study showed the ten zip codes where land is the most valuable. In The News: NAHB – “Builder Confidence Rises Four Points in October” (10-17-2017) “Builder confidence in …

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Loftium Will Provide Down Payment If You Let Them AirBnB Your Spare Room

Today’s News Synopsis: Loftium will provide down payment if you let them AirBnB your spare room.  In the wake of both Hurricanes Irma and Harvey, builder confidence decreased by three points to 64 in September.  The biggest thing holding back millennials from owning a home is student debt. In The News: Black Knight Financial Services – …

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NAHB Report Shows Builder Confidence Remains Strong

Today’s News Synopsis: The NAHB reported builder confidence continues to remain strong, having decreased only slightly to 67 from 69.  Freddie Mac reported mortgage rates increased slightly after having steadily decreased for a long time; 30-year rates now stand at 3.91% and 15-year rates at 3.18%.  The pace at which homes are selling increased drastically …

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