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MBA Weekly Applications Survey Feb. 2, 2022: The Race to Refinance is On
Mortgage interest rates reached their highest level in nearly two years, driving a rush for borrowers to refinance before they go higher, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 28.
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CoreLogic: Home Price Gains Averaged 15% in 2021
CoreLogic, Irvine, Calif., said consumer desire for homeownership against persistently low supply of for-sale homes created one of the hottest housing markets in decades in 2021 — and spurred record-breaking home price growth.
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‘Great Resignation’ Shows No Signs of Slowing
Nearly 11 million jobs remained open and nearly 6 million more Americans left their jobs in December—signaling the “Great Resignation” shows no signs of stopping, the Bureau of Labor Statistics reported Tuesday.
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Single-Tenant Big Box Property Cap Rates Compress
The Boulder Group, Wilmette, Ill., said single-tenant net lease big box sector cap rates decreased 50 basis points between late 2020 and late 2021 to 6.25 percent.