Student loan debt is keeping young people from buying homes, Fed study finds

Home ownership among those in the 24-to-32 group plunged from 45 percent to 36 percent for the period in the Fed survey.

Home prices make smallest gains in nearly 4 years, but rents are hot

The slowdown in home sales and home price gains in most major U.S. markets is causing the opposite effect in the rental market, especially for single-family rental homes. Those rent prices increased 2.9 percent annually in November 2018.

Lower Interest Rates Stabilize Builder Confidence

Buoyed by falling mortgage rates, builder confidence in the market for newly-built single-family homes rose two points to 58 in January on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The gradual decline in mortgage rates in recent weeks helped to sustain builder sentiment. Low unemployment, solid job growth and favorable demographics should support housing demand in... Read More ›

Homebuilder sentiment turns higher in January after mortgage rates drop

Builder sentiment rose 2 points to 58 in January according to the National Association of Home Builders. This came after two months of sharp drops in sentiment to the lowest level in more than two years. The index stood at 72 a year ago.

Mortgage applications surge 13.5% as borrowers rush to take advantage of lower rates

That is its highest level since February and came after a 23 percent jump the previous week. Volume was just 0.5 percent lower than a year ago.

OSB Leads Building Materials Prices Lower in December

Overall, the price of materials inputs to residential construction declined 1.8% in December (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. While most building materials prices showed little movement in December, prices paid for OSB fell by double digits for the second consecutive month. OSB prices declined 12.0% (NSA) in... Read More ›

How employers can reassure potential LOs in the midst of mortgage layoffs

Under these circumstances, it can be an intimidating market for both job seekers and employers in the mortgage industry. So how do you reassure potential LOs when recruiting? Many professionals in the industry believe the key for recruiting loan officers is investing in technology that streamlines work to increase both efficiency and LO retention.

Trulia welcomes new chief economist

Real estate and rental listing website Trulia recently announced Issi Romem joined the company as its new chief economist. Trulia's Senior Vice President and General Manager Tim Correia said Romem brings a fresh but experienced perspective on the U.S. economy, urban development and housing policy to Trulia’s Housing Economics Research team.

China’s foreign direct investment into the US dropped precipitously in 2018, data show

Trade tensions, along with pressure on companies from Beijing, have caused a decline in Chinese direct investment into the United States. Still, Chinese home purchases and venture capital funding continue to grow.

Guaranteed Rate Affinity names Joe Phalen senior vice president of strategic growth

Guaranteed Rate Affinity, the joint venture between Guaranteed Rate and Realogy Holdings Corp. that markets mortgages across the Realogy real estate companies, announced Monday that the company is hiring Joe Phalen as senior vice president of strategic growth.