Sat.Apr 17, 2021 - Fri.Apr 23, 2021

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Mortgage rates drop below 3% for the first time in months

Housing Wire

The Mortgage Bankers Association reported after six consecutive weeks of dips , mortgage applications rose 8.6%, with Joel Kan, MBA’s associate vice president of economic and industry forecasting, pointing directly to lower rates.

Mortgages 504
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What’s next for the overheated housing market?

Housing Wire

According to the National Association of Realtors, March’s existing-home sales came in at 6.01 The post What’s next for the overheated housing market? Because March 2020 sales were slightly weaker due to the start of COVID-19, the year-over-year growth in sales for March 2021 came in at 12.3%. appeared first on HousingWire.

Marketing 539
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Hispanic homeownership surged in 2020

Housing Wire

million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s 725,000 more than in 2019. But 2020’s jump was several hundred-thousand homeowners more than in prior years. Hispanic homeownership in the U.S.

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Calabria: We need another round of PSPA amendments

Housing Wire

Federal Housing Finance Agency Director Mark Calabria said the controversial amendments made to Fannie Mae and Freddie Mac ‘s Preferred Stock Purchase Agreements in late January should be just the start. “I said in January when the PSPA were signed — there needs to be another set of amendments.

Lending 528
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Sales of luxury homes skyrocket in first quarter

Housing Wire

That’s compared to 26 fewer days for expensive homes, 18 fewer days for mid-priced homes and 14 fewer days for affordable homes. “[Selling] isn’t as big of an issue for luxury homeowners since there’s a relative abundance of high-end homes to choose from,” Fairweather said. from a year earlier. .

Sales 491
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New homes are selling like it’s 2006 again

Housing Wire

“This is the best new home sales report in 10 years,” said Logan Mohtashami, HousingWire’s lead analyst. David Berson, Nationwide’s chief economist, said he is expecting that new home sales will continue to climb to levels not seen since 2006, despite expectations of modest mortgage rate increases. .

Sales 491
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Charter Title forms Hispanic division for Nebraska markets

Housing Wire

And while the new division is initially only being introduced in the Omaha market, the company’s plan is to grow the division into a multi-person effort throughout the company’s many offices in Nebraska.

Title 384