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...]
Are we doing the right thing?
VAR launched our 2013 all-member survey yesterday, and we’re already seeing great results. Have you taken it yet? Please do — your opinion is important. We need to know what we do that works … and what we do that doesn’t. We want to … [Read more...]
Unemployment Insurance Claims Are Back to Pre-recession Level
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 unemployment insurance claims. The Department of Labor … [Read more...]
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