News

Spring Surge Starting Early in Seattle Housing Market

The spring surge has already begun in the Seattle housing market, with temperatures rising and potential homebuyers ready to strike. Like the rest of the country, however, the city has very few listings up for sale – down 19 percent

Fannie Mae Housing Survey Shows Positive Trend

For the first time in five years, the Fannie Mae National Housing Survey revealed on Monday that more respondents believe the economy is on the right track than the wrong track. According to February’s numbers, a survey high of 47

D.C. Housing Market Off to a Good Start in 2015

The Washington Post reported some encouraging news on Tuesday: The housing market in D.C. is off to a good start in 2015, despite the winter’s less-than-favorable weather conditions. According to the paper, which analyzed a brand new set of data

All-Cash Home Sales Continue to Decline

CoreLogic reported on Monday that the number of all-cash home sales has now fallen for 24 straight months. With the numbers from December 2014 going public this week, CoreLogic was able to confirm that 35.5 percent of total home sales

Bank of America Mortgage Bond Settlement Upheld

A New York state appeals court ruled on Thursday that it has approved, in its entirety, Bank of America Corp.’s $8.5 billion settlement with mortgage securities investors. With the ruling, Manhattan’s Appellate Division has most likely resolved one of the

Consumer Spending Expected to Pick Up in Coming Months

According to a new report by CNBC, economists on Wall Street and at the Federal Reserve tend to agree that consumer spending is likely to increase at a more rapid pace in the coming months. As reporter Michael K. Farr

FHA Publishes Its Middle Class Promise

Biniam T. Gebre, the Acting Federal Housing Administration Commissioner and Acting Assistant Secretary for Housing, took to the FHA’s blog on Thursday to share an impassioned note about the organization’s recent decision to decrease its PMI premiums. In a piece

U.S. New-Home Sizes Set Record in 2014

Houses in the United States continue to get bigger and bigger, as new-home sizes reached a record high in 2014. According to the Commerce Department, the median size of new homes completed in 2014 was 2,415 square feet, up slightly

Low Inventory Could Lead to Slow Spring Sales

According to a new report by CNBC, home prices are beginning to soar once again, as the number of houses for sale continues to remain low. And, as one expert points out, that could mean bad news for springtime home

Report: Goldman Sachs Could Face Mortgage-Bond Lawsuit

The Wall Street Journal’s MarketWatch reported on Monday that Goldman Sachs Group Inc. could soon be hit with a mortgage-bonds lawsuit stemming from the 2008 financial crisis. According to the news site, the financial giant was informed by federal prosecutors

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