Hub News

CNBC: The ‘Great Rotation’ Has Hit Wall Street

CNBC reported over the weekend that the highly anticipated “Great Rotation” may finally have hit Wall Street. According to the news site, the “rotation” phenomenon is marked by a “massive shift of money out of bonds and into stocks.” In

Housing Market on Track for Best Year Since 2006

According to a new report published by Realtor.com on Thursday, the housing market is currently on track to have its best year since 2006. As we reach the midpoint of 2015, the site credits job growth for “powering the surge

Report: Mortgage Applications Spike as Home Prices Rise

David Blitzer reported via CNBC on Thursday that mortgage applications are on the rise due to the threat of a spike in home prices. “People want to buy before the price gets away from them,” Blizter said. Interest rates, meanwhile,

Red Car Auto Insurance Myth Debunked

There’s probably a pretty good chance you’ve heard the myth that red cars cost more to insure than vehicles of any other color. “For years there has been a notion that color plays a significant part in calculating insurance premium

Consumer Housing Outlook on the Rise

With the recent improvement in employment statistics, potential homebuyers are beginning to view the housing market with a more positive outlook. As reported by Mortgage News Daily on Tuesday, average hourly earnings and personal income are on the rise, with

CNN Reveals Top 10 Markets with Overpriced Homes

Potential homebuyers, beware! On Monday, CNN Money released the list of the top 10 markets in the U.S. with overpriced homes, and yours just may be on the list. According to the site, Denver tops the list, while Boston, Washington,

Down Payment Percentages on the Decline

First-time homebuyers are making their mark on the housing market, and that has become particularly evident in the decline of down payment percentages. According to Mortgage News Daily, the first quarter of 2015 saw the lowest average percentage for down

Bank of America Wins Supreme Court Case, Could Help Boost Lending

The U.S. Supreme Court ruled this week that banks may pursue home-equity borrowers for payments in bankruptcy – a practice known as lien stripping – in a case involving Bank of America. As a result of the ruling, experts are

Allstate Now Offering Auto Insurance for Uber Drivers

Allstate announced on Wednesday that it will now be offering auto insurance plans for drivers who pick up passengers via apps like Uber and Lyft. According to Chicago Business, the brand new Ride for Hire policy will come with a

Report: House Prices Up 6.8% Year-Over-Year in April

CoreLogic announced earlier this week that home prices were up 6.8 percent year-over-year in April. Additionally, the average home price in the United State was up 2.7 percent in April from the month before. “For the first four months of

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