Income Increases Boosting Housing Optimism
Consumers are more positive about their personal finances at the start of this year, which is having a spillover effect on their attitudes toward the housing market, according to Fannie Mae’s latest housing survey.
MLS to Brokerage: Stop Leaking Brokers’ Rates
The Denver metro area’s multiple-listing service, REcolorado, has ordered a brokerage to shut down a database that is divulging buyer-broker commissions on every home listed in the metro area.
Foreclosures on a Free Fall, 66% Below Peak
The steady decline in completed foreclosures is a good sign of healing in the housing market, but pockets of high foreclosure inventories across the country demonstrate the unevenness of the housing recovery, according to a new report.
Banks Pay Military for Foreclosure Errors
“Service members should never have to worry about losing their home to an illegal foreclosure while they are serving our country,” a spokesman for the Department of Justice says in announcing a $123 million settlement.
As Mortgage Rates Inch Up, Applications Fall
Loan demand softened in the latest week as the 30-year mortgage rate rose to its highest level since early January.
Iowa Students Build $500 House
It’s not a typo: To demonstrate sustainable principles, students who hoped for a homebuilding budget of $3,350 brought it in for $489.
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