Arnie Aurellano February 05, 2020 Data from the U.S. Census Bureau’s quarterly Residential Vacancies and Homeownership Survey revealed that the nation’s minority homeownership rate increased to 48.6% in fourth-quarter 2019. That’s up 0.8 percentage points from fourth-quarter 2018 and the highest figure since third-quarter 2011, when the rate reached 48.9%. The National Association of Home…

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Jacob Passy February 12, 2020 The average rate for a 30-year fixed-rate mortgage now stands at 3.45%, the lowest since 2016 Mortgage rates are resting near record lows — and that’s spurring a wave of refinancing activity as Americans look to take advantage of the savings a cheaper interest rate could bring. Refinance loan volume…

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Diana Olick January 15, 2020 It was a seriously strong start to 2020 in the mortgage business for new home loans and refinances. Total mortgage application volume surged 30.2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinancing led the surge, thanks to a drop in mortgage rates.…

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Mike Sorohan January 2, 2020 CONTESTANT: “I’ll take ‘Demographics’ for 2020, Alex.” ALEX TREBEK: “Fort Lauderdale, Las Vegas, San Francisco, Salt Lake City and Nassau County, N.Y. Yes?” CONTESTANT: “Which U.S. cities have experienced the most dramatic housing shifts since 2010?” ALEX: “Correct.” According to Redfin, Seattle, the U.S. housing market ended the decade in…

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Brad Thomas December 6, 2019 The year of rejuvenation continues for the domestic-focused U.S. real estate sector following one of the toughest years for REITs and homebuilders since the financial crisis. For the U.S. housing industry, the story of this year continues to center around the resilient demographic-led growth in household formations along with the…

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