Tag Archives: Tight Credit

Credit Clips Homebuilder Confidence

After a summer of significant monthly jumps in confidence among the nation’s home builders, fall appears to be bringing in a chill. Builder sentiment edged up just one point in October, according to an industry association index, but credit issues … Continue reading

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CitiMortgage CEO on Tight Credit: ‘There’s Nothing Wrong with People Making Profits’

Mortgage rates are at record lows, but they could be even lower. Several reports recently have documented why the spreads between mortgage bonds and mortgage rates have widened so much, but few have agreed as to why mortgage rates have … Continue reading

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Home Builders Bullish for Fifth Straight Month

The nation’s once-beleaguered home builders are more confident than they have been in six years. A surge in new orders for homes, especially among the big public builders, pushed builder sentiment on an industry survey up three points to the … Continue reading

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More good housing market news: Bay Area’s August home sales strongest in six …

SAN JOSE — The Bay Area real estate market’s resurgence continued in August, as the region posted its most home sales for the month in six years, DataQuick reported Friday. A total of 8,579 homes sold in the nine-county Bay … Continue reading

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Regulator Claims New Rules Will Loosen Mortgage Lending

Ask any real estate agent, home builder or home buyer what is the biggest barrier to entry in today’s housing market, and the likely answer will be: tight credit. The lax lending of the latest housing crash is no more, … Continue reading

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