Housing Headlines: Gateway First Bank and Zillow Offers

Housing Headlines takes a look at the latest news in housing, real estate, fintech, and beyond. It features new product updates, launches, expansions, integrations, announcements, and more. Gateway First Bank announced it opened 34 new mortgage centers in 2019 to meet increased demand from its local communities.  Now, Gateway First

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Housing starts soar to a 13-year high

Housing construction continued to improve in December as the nation’s homebuilders increased their building efforts nationwide, sending the unadjusted pace to a 13-year high.   According to the Department of Housing and Urban Development and the Department of Commerce, housing starts spiked 16.9% in December to a seasonally adjusted annual rate of 1.608 million

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Fewer U.S. homeowners moved in 2019 than ever before

What do Americans do when so few new homes are being built? Remodel, according to the latest report for Buildfax.  According to the housing data and analytics company, 2019 marked the lowest rate of mobility in the U.S. since the metric was first tracked in 1947. Only 9.8% of Americans

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Housing market challenged by a dearth of construction workers

One of the biggest challenges facing the U.S. housing market is a dearth of construction workers that’s keeping homebuilders from meeting the demand of an expanding population, according to Federal Reserve Governor Michelle Bowman, one of the people who votes on the central bank’s monetary policy. A shortage of properties

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Home renovation boom expected to weaken in 2020

U.S. homeowners are expected to spend less on home improvement and repairs over the next year, according to the Leading Indicator for Remodeling Activity from Harvard University’s Joint Center for Housing Studies. Annual gains in homeowner expenditures for improvements and repairs are projected to shrink to 1.5% by the end

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Foreclosure filings fell to a record low in 2019

Foreclosure filings fell to a record low in 2019, according to a report Thursday from ATTOM Data Solutions. The report showed that foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 493,066 U.S. properties last year, down 21% from 2018 and down 83% from a

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