Five years after the great crash, and more than two years into the supposed recovery of the housing market, lenders are still navigating a rocky course with many dangerous obstacles ahead, warned Paul Pouliot, first vice president of the Federal Home Loan Bank of Boston.
Less than a year into the launch of its brokerage brand, Berkshire Hathaway seems poised to become a major force in the real estate industry.
Appraisers might find themselves with some new competition on the horizon, if a move by some large brokers to get into the appraisal game gets past the board of the National Association of Realtors (NAR) this month.
Everyone agrees on Connecticut’s problems, but there’s less agreement on solutions – that is the conclusion from a diverse panel of local leaders hosted by the Connecticut Mortgage Bankers Association (CMBA).
After a tough winter, with bitter weather driving buyers inside and helping to keep prices and sales down, Nutmeg State real estate agents are feeling a burst of new life headed into the spring market. Most are reporting a substantial increase in market activity in the past few weeks.
A new report from CoreLogic shows several positive trends in the housing market, including increases in construction employment and home improvement spending.
More than half the homes currently on the market in seven major American metros are currently unaffordable for local residents, according to a Zillow analysis.
At a time when much of the country is experiencing rapid declines in foreclosures, the Nutmeg State stands nearly alone in seeing substantial increases.
The Nutmeg State has taken a battering in recent years, with Hurricane Sandy responsible for only some of the most visible scars. The tough fall taken by the housing market also brought some scrapes and bruises, but it seems that 2013 was finally the year when those wounds began to heal.
More than four years after the passage of the Dodd-Frank Act, and after months of wrangling and rule-making with two successive federal regulators, the mortgage industry is set to cross the threshold into the post-qualified mortgage era this month – and they\’re taking it slow and careful.
Halloween was two months ago, but the unburied ghosts of the mortgage boom may still be rising from their graves to plague the mortgage industry – in the form of loan originator compensation rules.
New data from the U.S. Census shows that nationally, new housing starts climbed 29.6 percent in November compared with last year, a significant jump that exceeded economic analysts’ predictions.
The president of Realtor.com announced yesterday that the company would be ending the test marketing of a controversial web application which ranked Realtors on performance metrics.
Rep. Mel Watt (D-N.C.) will take over as head of the Federal Housing Finance Agency, following a Senate vote yesterday.
The number of Americans who rent rather than own their home has risen to its highest-ever level in the past decade, according to a new study from the Joint Center for Housing Studies (JCHS) at Harvard University.
A new report from online brokerage Redfin shows buyer demand staying unexpectedly strong in November.
The major banks that signed on to the national mortgage settlement are still not fully complying with the requirements of the deal, but are working on fixing the issues, according to the latest report from the settlement’s monitor.
Brewing tensions between some of the country\’s biggest brokers and the nation\’s 900-odd multiple listing services (MLSs) may create a schism that could shake up the entire real estate industry.
A new survey from Zillow that examined the days on market for listings on the site found Connecticut listings selling over a month quicker than at this time last year, with days on the site down to 100 in September 2013, from 141 in September 2012.
Mortgage applications decreased 7 percent last week, with purchase mortgage applications declining to their lowest level since December 2012, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey.
