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MBA

May New Home Purchase Mortgage Applications Decreased 0.5 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2018 shows mortgage applications for new home purchases decreased 0.5 percent compared to May 2017. Compared to April 2018, applications decreased by 4 percent.This change does not include any adjustment for typical seasonal patterns.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 8, 2018. Last week's results included an adjustment for the Memorial Day holiday
MBA

Mortgage Credit Availability Increased in May

Mortgage credit availability increased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.
NAHB

Homeownership Is Primary Driver of U.S. Household Wealth

As the nation's home builders celebrate National Homeownership Month in June, new research shows a household's primary residence is its largest asset and continues to provide an important building block for long-term financial security.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 25, 2018.
Imprev

NextHome CEO: “We’re Raising the Bar in Real Estate Marketing”

NextHome, Inc., the nation’s fastest growing real estate franchise based in California, announced it has launched a leading marketing technology for all its agents: Marketing Automation powered by Imprev. The new service fully automates the creation of marketing content throughout the life of NextHome’s listings, ensuring optimum marketing practices throughout the entire company and freeing up agents to focus on their clients.
MBA

Mortgage Rates Increase, Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 18, 2018.
NAR

Realtors® Midyear Forecast: Home Sales, Prices to Rise Despite Inventory, Affordability Challenges

A stronger economy, wage growth and an improving job market are expected to march home sales and prices higher in 2018, but low supply and weakening affordability will tamper the rate of increases, according to speakers at a residential real estate forum during the 2018 REALTORS® Legislative Meetings & Trade Expo.
NAHB

Housing Production Drops 3.7 Percent But Remains Near Post-Recession High

Total housing production fell 3.7 percent in April to a seasonally adjusted annual rate of 1.29 million units after an upwardly revised March reading of 1.34 million, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. The March report marked an 11-year high for housing production.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 11, 2018. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.7 percent on a seasonally adjusted basis from one week earlier.
NAR

Metro Home-Price Growth Quickens to 5.7 Percent in the First Quarter

Inventory levels hovering at all-time lows weighed down home sales and fueled faster price appreciation during the first three months of the year, according to the latest quarterly report by the National Association of Realtors®.

Experts Reveal The Latest Real Estate Marketing Tactics For 2018

The real estate industry’s marketing tactics continue to evolve year after year. In order to be successful in a market, you can do the basics right. However, to be one of the best, you have to be ready to embrace change and opportunities. Realtors are constantly working with changing markets, zoning regulations, mortgage rates and client desires.
FTC

FTC Obtains Preliminary Injunction Against Mortgage Relief Operation That Deceived Homeowners

The Federal Trade Commission has charged a mortgage relief operation with deceiving distressed homeowners by falsely promising to make their mortgages more affordable and prevent foreclosure. A federal court temporarily halted the scheme and froze the defendants’ assets at the FTC’s request.
NAHB

New Home Sales Rise 4 Percent in March

Sales of newly built, single-family homes rose 4.0 percent in March to a seasonally adjusted annual rate of 694,000 units after an upwardly revised February report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This the second highest reading since the Great Recession.
NAR

Existing-Home Sales Climb 1.1 Percent in March

Existing-home sales grew for the second consecutive month in March, but lagging inventory levels and affordability constraints kept sales activity below year ago levels, according to the National Association of Realtors
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 13, 2018.
ABC National

Tax Reform Enables ABC Members to Hire and Train More Construction Industry Workers

April 17—As a result of the Tax Cuts and Jobs Act passed in December 2017, 55 percent of Associated Builders and Contractors (ABC) contractor members plan to hire more employees, and 52 percent plan to invest in workforce development, according to a recent poll. In addition, 90 percent of member companies say employees have seen an increase in their paychecks.
MBA

Production Volume and Profits Down in 2017 for Independent Mortgage Bankers

Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016, the Mortgage Bankers Association (MBA) reported today in its Annual Mortgage Bankers Performance Report

Housing Starts Rise 1.9 Percent on Multifamily Surge

Gains in multifamily production pushed overall housing starts up 1.9 percent in March to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
NAR

Realtors Property Resource® Sees Record Usage

Realtors Property Resource®, a subsidiary of the National Association of Realtors®, reached a major milestone for user engagement on the real estate data and analytics platform. Overall engagement among NAR members for the month of March 2018 soared to a record 178,000 - a notable 16 percent increase from March 2017.

Business Real Estate Press Releases

Natomas

CVS-Anchored Natomas Shopping Center in Sacramento Sells for $10.3 Million

Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm arranged the sale of Natomas Shopping Center in Sacramento, California, in an off-market transaction.

Recent Gov & Nonprofit Real Estate Press Releases

Wyden Calls for Improvements to Nursing Home Rating System

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today called on the federal government to improve the quality measures for adequate staffing that American seniors and their families use when selecting a nursing home