Wall Street Journal, Mar. 25, 2016–Morath, Eric
Gross domestic product, the broadest measure of goods and services produced across the economy, advanced at a 1.4% seasonally adjusted annual rate in the fourth quarter, the Commerce Department said Friday. That was an upward revision from last month’s estimate of 1%.
DS News, Mar. 25, 2016–West, Xhevrije
Fewer mortgage lenders are reporting that they are loosening credit standards, and many do not expect credit to become more accessible over the next few months.
National Mortgage Professional, Mar. 25, 2016–Hall, Phil
Homes were worth more than ever before in more than one-quarter of U.S. housing markets, according to new data from Zillow.
Bloomberg, Mar. 25, 2016–Selin Davis, Lisa
Homes in the highest echelon of the real estate market-everywhere-simply aren’t selling fast. The key to unloading a $100 million dollar property these days? Patience.
Democrat & Chronicle (Rochester, N.Y.), Mar. 25, 2016–Chao, Mary
Cory Wojewodka and her fiancé Brandon Mastrodonato are in the market for their first home this spring. They are finding a very competitive market in their search this spring. Inventory for existing single-family homes is low and many homes are sold as soon as they are listed.
Venture Beat, Mar. 25, 2016–Nonclares, Sindy
Real estate managing tool OneRent announced yesterday that it sealed a $4 million funding deal with early-stage VC Renren, Inc. The investment will be used to hire new personnel and expand to six new cities, including Los Angeles, San Diego, and Washington, D.C.
HousingWire, Mar. 25, 2016–Lane, Ben
According to MBA, the task force’s objective is to develop a proposal that will address the future of the secondary mortgage market, and in particular, an end-state model that can also fulfill an affordable housing/duty to serve mission.
Wall Street Journal, Mar. 27, 2016–Andriotis, Annamaria
At hardware stores along the U.S. East Coast in recent weeks, TD Bank has been trying to persuade shoppers to think bigger than paint and plumbing supplies: The bank wants them to start taking cash out of their homes again.
Washington Post, Mar. 24, 2016–Orton, Kathy
Mortgage rates wandered down for the first time in a month, according to the latest data released Thursday by Freddie Mac.
HousingWire, Mar. 24, 2016–Swanson, Brena
Top White House advisor on housing policy, Michael Stegman, is leaving his position as of March 25. The reason why he left, along with who will fill position, were not released.
