Category Archives: Economy
Here are the nation’s healthiest—and unhealthiest—housing markets
Source: CNBC Housing remains in high demand in most of the nation, but the housing recovery looks increasingly uneven, depending on location. Whether...
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Homebuyers Face Bidding Wars on Scarcer-Than-Ever U.S. Listings
Source: Bloomberg Illustration by Kurt Woerpel for Bloomberg Businessweek The winning bidder of a Grand Rapids, Michigan, house has been offered almost $20,000 to hand his purchase contract to another buyer. An agent in...
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California home sales start year off strong…but will that last?
Inventory still sits extremely low Source: HousingWire California had a lot working in its favor heading into 2017, but the Federal Reserve’s recent decision to raise interest rates could start to change that. The Golden State...
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Millennials Drive Housing Confidence Higher, Despite Red-Hot Prices
Source: CNBC Both buyers and sellers alike are feeling very good about the housing market this spring, even as home values hit new highs and mortgage rates move up. A monthly sentiment index from Fannie Mae rose to the...
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Trump Budget Considers $6 Billion Cut to HUD Funding
Source: HousingWire Over the past few weeks, President Donald Trump and Congress considered different massive budget cuts in order to increase military spending, leaving some fearful that the cuts could impact the U.S. Department of...
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What happened to black homeownership?
Source: Mortgage News Daily Homeownership by black Americans has "declined to levels not seen since the 1960s when private race-based discrimination was legal." Like most demographic groups, black Americans saw homeownership gains...
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