Recession

March 2, 2017

Most Markets Hit Record Housing Prices in 2016

The fourth quarter of 2016 saw the best quarterly sales pace of the year – but also pushed housing inventory to record lows, and many markets […]
March 1, 2017

Mortgage Delinquencies On the Rise

Despite a rise in the mortgage delinquency rate in the fourth quarter of 2016, the slight uptick follows a record-low third-quarter report, according to the Mortgage Bankers […]
February 28, 2017

Flipping Out: House Flips Reach Highest Level Since 2006

A tactic that helped define the height of homebuying madness in the U.S. in the years before the market collapsed is rearing its head again.  Home […]
February 23, 2017

2017 Will Bring Modest Economic Growth

The Mortgage Bankers Association (MBA) has looked into the future, and they are not complaining.  “We’re expecting steady, modest growth in the U.S. economy,” said MBA Vice President […]
February 21, 2017

Will Household Debt Hit New Record in 2017?

Americans’ debt balances rose “substantially” in the final quarter of 2016, according to the Federal Reserve Bank of New York.   Household debt totaled $12.58 trillion as […]
February 20, 2017

Underwater Home Loans Sink to New Low

At the end of the year, 2016 held 1 million less seriously underwater properties than the year before, according to the Year-End 2016 U.S. Home Equity […]
February 17, 2017

Most Americans Ruin Their Credit by Age 30

A whopping 68% of Americans make at least one major financial mistake, or “credit fumble,” before turning 30, leading to a negative mark on their credit […]
February 16, 2017

Consumers’ Attitude on Housing Brightens

The Fannie Mae Home Purchase Sentiment Index rose 2 percentage points to 82.7 in January, reflecting the more positive consumer outlook following November’s presidential election.  The […]
February 15, 2017

Home Sales Close Out 2016 on High Note

Hopes are high for this year as 2016 closed out pending home sales on a high note, however low inventory continues to dampen the high spirits.  […]