Foot traffic provides a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic fell roughly 18% over the 12-month period ending in April in the area covered by the IRES … [Read more...]
Personal Income and Consumption in April
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses personal income and consumption. People spent less in the … [Read more...]
CFPB loosens rules for smaller lenders
Good news for small local banks and credit unions. After a several months of accepting comments from industry groups and the public, the Consumer Financial Protection Bureau made several changes to its ability-to-repay rules — changes that are … [Read more...]
Interest rates: soaring, skyrocketing, or just going up?
I find this headline from DSNews amusing: "Freddie Mac: Fixed Rates Soar to Highest Level in a Year." Yep, interest rates have risen almost a half-percent since the beginning of May. Now they are 3.81 percent (assuming 0.8 points). … [Read more...]
Unless inventories grow, demand for housing will keep the pressure on prices
Did You Know: Inventories are declining at a slower pace, but unless inventories grow, demand for housing will keep the pressure on prices and the balance of the market in favor of sellers. Comparing the total number of homes available for sale in … [Read more...]
The Great Credit Divide [INFOGRAPHIC]
Reposted with Persmission from Experian … [Read more...]
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