Housing starts picked up significantly in July to a seasonally adjusted annual rate of 1.452 million, according to the U.S. Census Bureau. That was up 3.9% from June and up 5.9% from a year ago. […]
The U.S. Department of Justice’s appeal against a lower court’s ruling on its investigation into the National Association of Realtors’ commission and pocket listing policies is heating up. On Friday, attorneys for the DOJ’s Antitrust […]
The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Finance Agency (FHFA) in response to a recent request for input (FRI) on GSE single-family pricing framework. Its message? […]
A ban on residential building permits in parts of the Phoenix area is angering builders and agents, who feel it may curb the supply of affordable housing. “Our main concern on the implication of the […]
Have homebuilders reached their limit on how much they can lower mortgage rates to boost demand? Today we got the housing starts data, which was a beat of estimates, but total housing activity isn’t booming […]
Increased mortgage rates continued to damp down both purchase and refinance activity during the week ended August 11. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage loan application volume, decreased […]
Monterey Bay Properties is joining Compass, a move that will allow the brokerage giant to expand its Northern California operations, the company announced Wednesday. Founded in 1980, Santa Cruz-based Monterey Bay Properties includes around 40 […]
The National Association of Home Builders is reporting this week U.S. builder confidence retreated in August 2023 as rising mortgage rates and stubbornly high shelter inflation have further eroded housing affordability and put a damper […]
The rate of price rises has fallen sharply, according to official figures. The key, consumer price index (CPI) measure of inflation fell to 6.8% in the year to July, down from a rate of 7.9% […]
The headline CPI reading was in line with a consensus forecast among economists polled by Reuters, and follows the cooler-than-expected 7.9% figure of June. Core inflation — which excludes volatile energy, food, alcohol and tobacco […]
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