Category: Real Estate News
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More homeowners drowning in debt
More than 7.4 million borrowers were still “seriously” underwater on their mortgages at the end of June, according to RealtyTrac.
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Mortgage applications barely budge despite rate drop
For the second week in a row, mortgage activity barely budged, despite a small drop in interest rates.
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What China’s stock plunge means for US real estate
Volatility in Chinese markets may help U.S. real estate—with Texas a market that’s seeing major benefits.
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Home prices as high as the temperature in Dallas
The median price of a home sold in Dallas County in June hit $208,000, up 15 percent from a year ago.
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How $71B more in mortgages could boost banks
Loan volume is now expected to rise to $801 billion in 2015, an upward revision from the $730 billion bankers had forecast.
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Weekly mortgage applications edge up 0.1%
Call it groundhog week. Mortgage application volume barely moved at all, according to the MBA, although volume is better than a year ago.
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Cloud REITs gaining ground
REITs increasingly own data centers that facilitate the hot new area in tech: cloud services.
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Interest-only mortgages: They’re baaack
Once considered toxic during the housing crash, interest-only mortgages are back, but these are not the loans of yesteryear.
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Homebuilders take a ‘beating’ from lack of labor
Homebuilders claim there is good demand, but they also complain being handcuffed by a lack of skilled labor.
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Housing supply shrinking in Phoenix
Active home listings in Phoenix dropped 7 percent in May. On June 1, there were 21 percent fewer listings than a year earlier.