Single-family homebuilders are pulling back in a major way. The downward trend overall in new housing starts continued in November, dropping 0.5% from October to a seasonally adjusted annual rate of 1.427 million, according to a report released Tuesday by U.S. Census Bureau and the U.S. Department of Housing and Urban Development. November’s
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Wells Fargo, the largest depository mortgage lender in America, has agreed to pay a civil penalty of $1.7 billion to settle multiple consent orders related to automobile lending, consumer deposit accounts and mortgage lending with the Consumer Financial Protection Bureau (CFPB). According to the CFPB, the bank repeatedly misapplied loan payments, wrongfully
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DENVER — Marcus & Millichap has arranged the sale of an industrial property located at 1531 West Bayaud Avenue in Denver. Terms of the transaction …
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Looking at residential property sales since June, 2022 (Realtor.com), the picture is similar. Of 119 properties with at least one bedroom selling …
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The benefits of green building materials and practices have been discussed when creating our homes and workplaces for a while now. The COVID-19 pandemic required a light-speed adjustment in this direction, as our offices were locked down with stay at home orders and everyone worked away from office colleagues and
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This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this
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The forbearance rate held steady in November, but there are signs of deterioration in the portfolios of servicers. The Mortgage Bankers Association (MBA) reported Monday that the total number of loans in forbearance remained at 0.70% of the servicers’ total portfolio volume in November. There were 350,000 U.S. homeowners in forbearance plans
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Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Affordable housing prices combined with a vibrant history and a thriving culinary scene have certainly made Derby City a popular destination for homebuyers. However, even Louisville’s active local housing market has slowed down recently. “I haven’t
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Homebuilder sentiment dropped yet again in December, hitting its lowest reading since mid-2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020. This drop marks one full year of declines in builder confidence, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing
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PRNewswire/ — OneKey® MLS is the one source real estate marketplace for monthly statistics for residential real estate transactions from Montauk …
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The Teranet index tracks closings, so it typically lags realtor sales data by three to five months. (Reporting by Fergal Smith; Editing by Cynthia …
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In terms of sales, the 2023 is shaping up to be looking like the pre-COVID markets of 2018 and 2019, said Casey Menish of Pearson Smith Realty, …
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