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Biden Administration May Undo Certain Trump-Era Mortgage Rules
The CFPB said Tuesday it may rewrite or undo Trump-era rules for certain mortgages. Consumer groups say those rules may lead banks to make riskier loans.
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Weekly Mortgage Application Volume Drops 11% as Rates Spike and Texas Power Outages Hurt Demand
Total mortgage application volume fell 11.4% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
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December Home Prices Rose 10.4%, the Biggest Gain in 7 Years, Case-Shiller Says
December is usually the slowest month for the housing market, but price gains didn’t slow down one bit in 2020.
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Ready to Book Your Summer Rental on Nantucket? You're Too Late
The run on Nantucket real estate last summer is now causing a shortage of both homes for sale and rentals, and prices for both are going through the roof.
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Existing Home Sales Rise Slightly in January, But Record Low Supply Weighs on Market
After a brief pullback in December, homebuyers returned to the market, although they are still being hampered by record low supply.
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Lumber Prices Top $1,000 for the First Time as Single-Family Housing Starts Drop 12%
Consumers want more newly built, affordable homes, but builders are finding that hard to deliver, especially as prices for framing lumber spike ever higher.
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‘Hard Landing' for Dubai Property Means It's Now a Buyer's Market, Says UAE Developer Damac
Dubai’s real estate market has made a “hard landing” but lower prices may be a good time for investors looking to buy, said Hussain Sajwani, Damac chairman.
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Mortgage Demand Falls Further as Rates Rise at the Fastest Pace in Months
The average contract interest rate for 30-year fixed-rate mortgages increased to 2.98% from 2.96% last week. Total mortgage application volume fell 5.1% last week from the previous week, according to the Mortgage Bankers Association. Applications to refinance a home loan fell 5% for the week. Mortgage applications to purchase a home fell 6% for the week. Another week of rising…
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Homebuilder Confidence Improves, Despite Record High Lumber Prices
Buyer demand for newly built homes continues to surge, and that is keeping builder confidence high even as building material prices climb.
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Homeowners Can Now Defer Mortgage Payments for an Extra 6 Months—Here's How to Tell If You're Covered
Biden directed federal housing regulators to extend forbearance and foreclosure relief programs for U.S. homeowners on Tuesday.
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Biden Extends Protections for Homeowners. Here's What You Need to Know
Struggling homeowners received some welcome news Tuesday, with the Biden administration announcing it will extend forbearance and foreclosure relief.
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Britain Will Build Its First Hydrogen Fueled Homes by April, Offering Public a Glimpse of the Future
The project is part of a wider effort to decarbonize the U.K.
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EV Charging to Solar Panels: How Connected Tech Is Changing the Homes We Live in
Solar panels and home-based electric vehicle chargers could become common sights in the years ahead.
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Bidding Wars Are Off the Charts, as Home Listings Fall to a Record Low
Bidding wars are off the charts, even as home prices are rising rapidly.
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Building Materials Maker Azek Raises Outlook on Hopes of Continued Housing Boom
Azek, a maker of sustainable building materials, saw revenues grow 28% last quarter amid a red-hot market and raised its guidance for the current fiscal year.
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Thinking of a New Wooden Deck for Spring? It May Bust Your Budget
The cost of lumber is going through the roof, and that is hitting the housing industry on all fronts. From homebuilders to renovation contractors to DIYers.
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Mortgage Demand Drops as Interest Rates Hit a Three-Month High
Mortgage interest rates have increased in four of the first six weeks of 2021, putting a chill on mortgage demand.
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Here Are the Links You Heard About on News4
These are the links we promised to share on News4.
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Mortgage Delinquencies Sink to Pandemic Low, But Distress Is Far From Over
Mortgage delinquencies have dropped to the lowest level since the start of the pandemic, but the numbers don’t appear to be improving much anymore.
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Want to Own an Apartment Building? Buy a Distressed Hotel for Pennies on the Dollar
Real estate developers are buying distressed hotels for bargain prices and converting them to more lucrative and much-needed affordable housing.