Household Debt Tops $14 Trillion as Mortgage Originations Reach Highest Volume Since 2005
Growth Seen in New Credit Extensions Across Debt Types; Transitions into Delinquency Among Credit Card Borrowers Continue to Rise NEW YORK – The Federal Reserve Bank of New York’s Center for Microeconomic Data today
Dave Hershman – Why Is My Rate Higher?
Time and time again we get this question from some of our clients. “I read in the papers that the average rate for mortgages is _____%. Yet I am being quoted a higher rate than
Where Marijuana Use Is Legal, Realtors® Saw Increased Demand in Commercial Properties
A new definition for “hot property” has emerged within the real estate market. The recent string of state-level marijuana legalization continues to impact commercial property demand and residential housing decisions throughout the United States.
Freddie Mac Survey Shows Affordability Continues to Drive Purchase and Rental Decisions
Renters and Homeowners Consider their Options Given Low Mortgage Rates Key Findings: An unprecedented number of renters (84%) believe renting is more affordable than owning, an all-time high for the survey and up 17
Property Developer Sentenced to 8 Years in Prison for $10 Million Ponzi Scheme and Obstructing the IRS
An East Greenwich, Rhode Island, property developer was sentenced to eight years in prison today for operating a $10.3 million dollar Ponzi scheme and obstructing an Internal Revenue Service (IRS) investigation, announced Principal Deputy
Mortgage Delinquencies Decrease in Fourth Quarter of 2019
The delinquency rate for mortgage loans on one-to-four unit residential properties decreased to a seasonally adjusted rate of 3.77 percent of all loans outstanding at the end of the fourth quarter of 2019, according
Dave Hershman – The First Jobs Report of the Decade
The January 2020 jobs report released on Friday actually represented the first major data of the new year and new decade. It also came just about one week after our first look at economic
TRUMP ADMINISTRATION PROPOSES 2021 HUD BUDGET
Budget preserves rental subsidies; increases homeless assistance and healthy housing WASHINGTON - President Trump today announced the release of the Administration’s Fiscal Year 2021 budget, “A Budget for America’s Future.” The FY21 budget seeks
HUD AWARDS FUNDS TO BUILD 1,100 HOMES FOR LOW-INCOME SENIORS
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today awarded more than $51 million in housing assistance to non-profit organizations across the country to finance more affordable housing construction, provide rental
CoreLogic Reports December Home Prices Increased by 4% Year Over Year
The CoreLogic HPI Forecast projects U.S. price index will rise 5.2% by December 2020 Price gains varied significantly across states last December, from Idaho’s 9.9% to Connecticut’s 0.2% Lower-priced homes had more price growth