Hub News

Report: Households Better Prepared for Rate Increase This Time

According to a new report released by Wells Fargo on Wednesday, households across the board in the United States are in a better position than ever before to stave off a fixed mortgage rate increase. Part of this can be

McMansions Making Their Way Back Into the Market

From each quarter to the next in 2014, the median size of newly built homes in the U.S. dropped steadily. But now, in the first quarter of 2015, that number is up significantly. According to The Wall Street Journal, the

Ocwen Financial Corp. in Negotiations to Refinance Debt

In an attempt to avoid a cash crisis, Ocwen Financial Corp. disclosed on Monday that it is currently negotiating with lenders to extend and refinance some of its debt. If the company is unable to change some of its debt

New Home Financing Applications Rise Only Slightly But Remain Strong

Although the number of applications for the purchase of newly constructed homes rose only 0.3 percent in April, the Mortgage Bankers Association is calling it a win. On the heels of a 17 percent increase in March, April’s numbers show

Portland Housing Market Driven by Water, Millennials

Portland, Oregon, has recently become one of the hottest spots for millennials on the West Coast. But according to real estate experts, it has nothing to do with jobs and everything to do with water. “We’re on the West Coast,

Existing Home Sales Expected to Hit Highest Level Since 2006

The National Association of Realtors announced on Thursday that the total number of existing home sales in 2015 is expected to reach the highest level we’ve seen since 2006. “There is a sizeable pent up demand,” said Lawrence Yun, the

Experts Suggest Using Your Home to Fund Retirement Plans

For many retirees, the idea of giving up their family home is a tough proposition to accept. But according to Steven Sass, a research economist at the Center for Retirement Research at Boston College, that’s exactly what’s needed for many

Foreclosure Numbers Dropping Drastically

Although foreclosure numbers continue to rise and fall each month, when looking at the data year-over-year, the numbers have made a significant downward shift. According to the data released by CoreLogic on Tuesday, the number of properties in some state

Home Prices Seeing Double-Digit Gains in Many Metro Areas

Home prices are on the rise nationwide, an in many metropolitan areas, the median price jumped by 10 percent or more in the first quarter of 2015. According to the National Association of Realtors (NAR), 51 of the 174 metropolitan

Home Construction Jobs on the Rise

When Friday’s job market report was released, there was a clear bright spot in one particular sector: housing construction. According to the Labor Department’s monthly findings, overall employment in construction – which includes residential, non-residential and civil projects – rose

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