Privately owned housing starts in June fell by nearly 1 percent for the second straight month, HUD and the Census Bureau reported yesterday.
Weekly Mortgage Applications Drop as Rates Rise and Homebuyers Pull Back
CNBC, July 17, 2019--Diana Olick
Almost 40% of U.S. Homes Are 'Free and Clear' of a Mortgage
Bloomberg, July 17, 2019--Shelly Hagan
Federal Court Blocks HUD Guidance on Down Payment Assistance
National Mortgage News, July 17, 2019--Hannah Lang (subscription)
Consumers Lift Profit at Bank of America
Wall Street Journal, July 17, 2019--Rachel Louise Ensign (subscription)
Fed's Beige Book Shows 'Widespread Concerns' on Tariffs--But Positive Economic Outlook
MarketWatch, July 17, 2019--Greg Robb
Emboldened by CECL Delay, Industry Seeks Repeal
American Banker, July 17, 2019--John Reosti (subscription)
Court Tells Calif. to Use Mortgage Settlement Money to Help Homeowners
San Francisco Chronicle, July 17, 2019--Bob Egelko
Foreign Buying of U.S. Homes Suffers Record Drop
Wall Street Journal, July 17, 2019--Laura Kusisto (subscription)
Homeowners are Taking on Fewer House Projects, But They're Spending More
HousingWire, July 17, 2019--Jessica Guerin
ATTOM: U.S. Median Home Prices Hit New Peak in Q2
ATTOM Data Solutions, Irvine, Calif., said U.S. single-family homes and condos sold for a median price of $266,000 in the second quarter, up 10.8 percent from the previous quarter and up 6.4 percent from a year ago to a new median home price peak.
Veros: Home Price Appreciation Steady
Veros Real Estate Solutions, Santa Ana, Calif., said average projected appreciation rate for residential real estate in the nation's 100 largest markets should hold steady at 3.7 percent through June 2020, maintaining the same rate from the previous quarter's forecast and marking a leveling out after a four-quarter decline from a projected appreciation rate of 4.5 percent a year ago.
CRE Professionals Confident in Activity Through Year-End
Mortgage banking and investment sales professionals remain bullish on the commercial real estate market and are turning their attention toward affordable housing as an emerging asset class, said Berkadia, New York.
Dealmaker: NorthMarq Arranges $77M for Arizona Apartments
NorthMarq, Minneapolis, brokered two multifamily sales and arranged $76.5 million in financing for Arizona multifamily properties.
mPowering You: MBA's Summit For Women in Real Estate Finance in Austin Oct. 26
mPowering You: MBA's Summit For Women in Real Estate Finance, takes place Saturday, Oct. 26 at the Austin Convention Center in Austin, Texas.
MBA Education Advanced Risk Management Concepts Workshop in Chicago Sept. 15
MBA Education presents a special edition of its Advanced Risk Management Concepts Workshop on Sunday, Sept. 15 in conjunction with the MBA Risk Management, Quality Assurance and Fraud Prevention Forum in Chicago.
MBA Diversity and Inclusion Residential Leadership Awards Deadline July 19
The Mortgage Bankers Association is accepting applications and nominations for its annual Diversity and Inclusion Leadership Awards. Application deadline is Friday, July 19.