Lawmakers in the House and Senate passed tax reform legislation today, paving the way for the bill to go to President Donald Trump for his signature. The President has said he intends to sign the bill by Christmas. NAR
Low mortgage rates, job growth, and an improving consumer optimism have all supported the recovery in home sales during the last few years. Both sales of newly built as well as previously owned homes are up, with the growth
The monthly mortgage cost of a San Diego County Home has gone up $177 since the election, but that hasn’t stopped people from wanting to buy. Applications were up 12% in November compared to the same time last year,
About 10-13 Percent of Appraisals are Below Pre-Closing Contract Price According to newly released 2015 Home Mortgage Disclosure Act (HMDA) data, collateral was the third most-frequently cited reason for denials of mortgage loan applications, or 13.7 percent on first-lien
Home prices have risen significantly throughout the nation since the 2011 trough in the housing cycle. The Home Price Index has recorded a 40 percent rise in the national index since the trough, with some areas up more sharply
For most of the last 25 years, large annual swings in home mortgage originations have been common, driven by a refinance boom-and-bust cycle. And while refinance will continue to be an important segment of the market, home purchase is
The reason behind the drop in mortgage apps Although mortgage applications significantly tumbled this week, the Federal Reserve’srecent interest rate hike is not to blame, according to a new report from Capital Economics. Capital Economics originally forecasted back in December that the housing market could