Yesterday marked an important turning point for housing finance. The Federal Reserve voted on a final Basel III rule that is significantly friendlier to residential housing finance than the earlier proposal. While the FDIC and OCC must still vote … [Read more...]
Latest Mortgage Applications Data
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 the latest mortgage applications data. No surprise. … [Read more...]
CoreLogic Home Price Data
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 the latest CoreLogic home price data. CoreLogic home … [Read more...]
The Housing Supply Is Looking Greener
By Melissa Dittmann Tracey, REALTOR(R) Magazine Green building is moving into the mainstream. About one in five homes — or 20 percent — built last year were “green,” according to a study by McGraw Hill Construction. What’s more, … [Read more...]
GDP Forecast
With the exception of the strong housing market recovery, the broad U.S. economy continues to underperform. This week data on the GDP growth of 1.8 percent in the first quarter was uninspiring. The long-term historical average GDP … [Read more...]
Existing Home Sales by Price Category
Sales growth is highest in the $750,000 to $1 million price tier, and homes priced at $500,000 or more were 11.6 percent of sales in May, but even after declines in distressed sales, one out of every six homes sold was priced at less than … [Read more...]
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