Flip On Flipping The data analysis company CoreLogic says “flipping” is back. This fairly well-known term refers to the act of buying, renovating/ repairing a house, then reselling it, all within a fairly short timeframe and usually at a much…
More Rises In Rates…. Mortgage rates were moving higher this week as the bond markets continued a semi-weaker trend for April. Bonds (which factor in determining rates) are under pressure for various reasons. Rates responded in a fairly big way in…
Washington Senators At Work Last year, when Congress voted to drastically reduce corporate income taxes, it really undermined the nation’s largest subsidized housing program. But this week’s federal spending compromise may help square up the affordable housing issue. The program,…
The Federal Reserve has wished for more consumer-price inflation in the past few years. It looks like their wish is finally being granted by the powers able to grant such wishes. The Labor Department reports that its Consumer Price Index…
New Tax Law Concerns? Freddie Mac took a look at some possible effects of the new, Trump-era “Tax Cuts and Jobs Act of 2017” in an early edition of its ‘Outlook’ economic forecast. This month, it takes it’s analysis granular…
Pending-home sales fell 4.7%. That is the lowest reading since October of 2014, and the biggest monthly decline since 2010, as the recovery from the 2008 mortgage crisis was just getting started. What happened: The NAR’s “Index Of Pending Home…
The Trump Administration said it wanted to get Fannie Mae and Freddie Mac out of government control. Okay. But in the meantime, it’s being unabashed about trying to use revenue from U.S.-backed mortgage guarantors to reduce the deficit. In the…
The Mortgage Bankers Association (referred MBA) forecasted a substantial jump in new construction home sales in January. Based on the response to its Builder Application Survey (referred BAS), the MBA estimated that applications for purchases of newly constructed homes rose…
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