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Recent Posts
- Bay Area adjustable-rate mortgages return as interest rates rise
- San Francisco’s Housing Market Is Cooling Faster Than Rest of the Region
- Housing Deconstructed Newsletter: Bay Area Housing Market Cooling Down, Burned Out House Listed for $765k, and SJ Offers RV Owners $500
- SF can follow Calgary and turn empty downtown offices into housing
- Bay Area ‘Western White House’ sells far below asking price
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Homes Millbrae Pages
Tag Archives: Chief Economist
‘Last hurrah?’ Pending home sales fall in August
“Sharply rising mortgage interest rates in the spring motivated buyers to make purchase decisions, culminating in a 6½-year peak for sales that were finalized last month,” said Lawrence Yun, chief economist for the Realtors. “Moving forward, we expect lower levels … Continue reading
Posted in Real Estate News
Tagged Ahead, Case Shiller, Chief Economist, Existing Home Sales, First Time Home, First Time Home Buyers, homes millbrae, Housing Market, Last Hurrah, Mortgage Interest Rates, Mortgage Rates, New Homes, Purchase Decisions, Realtors, Tight, Time Home Buyers
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Mortgage alert: Borrowers change how they cheat
The good news: Fewer borrowers are lying on their mortgage applications. The bad news: The remaining cheaters may be pulling a more dangerous scam. Instead of inflating their home prices, they are now inflating their incomes and assets, according to … Continue reading
Posted in Real Estate News
Tagged Assets, Bad News, Balance Sheets, Banks, Borrowers, Cheaters, Chief Economist, Corelogic, Focus, Fraud, homes millbrae, Housing Boom, Incomes, Lenders, Loans, Mark Fleming, Mortgage Applications, New Homes, Personal Balance
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Home builder confidence stalls in September
There is certainly plenty of pent-up demand, especially among younger, first-time home buyers, but many of them are still struggling in today’s job market, either unable to find steady work or not earning enough to afford today’s higher down payment … Continue reading
Posted in Real Estate News
Tagged 100 Basis Points, Chief Economist, Cnbc, Commerce Department, Confidence, Diana Olick, Doug Duncan, Economic Growth, Fannie Mae, First Time Home, First Time Home Buyers, Home Builder, homes millbrae, Housing Starts, Job, Last Quarter, Lenders Mortgage, Midwest, Mortgage Rates, Pace, Time Home Buyers
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Jobs report tempers mortgage rates
The jobs picture improved slightly in July, but its impact on the housing recovery is more murky. Mortgage bankers shed 1,200 jobs, as their refinance business has dropped dramatically due to higher rates. The unemployment rate for young adults rose … Continue reading
Posted in Real Estate News
Tagged Bureau Of Labor, Bureau Of Labor Statistics, Chief Economist, Conforming Loan, Conforming Loans, Fannie Mae, Freddie Mac, High Hopes, homes millbrae, Household Formation, Jed Kolko, Mbs, Mortgage Backed Securities, Mortgage Bankers, Mortgage Rates, Other Government Agencies, Tempers, Treasuries, Trulia, Unemployment Rate, Young Adults
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