Tag: housing
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Loan Disparity in Baltimore
The National Community Reinvestment Coalition (NCRC) recently released a report, Home Mortgage and Small Lending in Baltimore and Surrounding Areas, which reveals troubling truths for lending practices in the city. The study’s executive summary articulates, “[This report] details lenders’ abandonment of neighborhoods in Baltimore based upon the race of members of those neighborhoods and the…
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Homebuilder Outlook Goes Down
Today, the National Association of Homebuilders (NAHB) released their monthly housing market index (HMI) with a figure of 62. November’s number represents a three-point drop from the HMI a month ago, and reveals that confidence in homebuilding has gone down.
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2015 Homebuyers and Sellers
Recently, the National Association of Realtors (NAR) released their 2015 Profile of Home Buyers and Sellers assessing the characteristics of homebuyers and their home purchases in the past year. For the report, NAR sent a 127-question survey to 72,206 homebuyers in July 2014; these homebuyers had to have bought their home between July 2013 and…
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Campaign Raises Rent Awareness
Across the country, rents are on a continual upward trajectory while wages have remained stagnant. Americans have risen to meet the challenge of increasing rent in several ways. Living with roommates is the most popular arrangement for people trying to lessen the impact of housing costs on their paychecks. According to Make Room data, among…
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Haunted Real Estate
It’s almost Halloween and NAWRB hopes you’ve been enjoying your October with scary movies, candy and pumpkin spice everything. In the spirit of All Hallows’ Eve we thought we’d start this spooky week by compiling a list of haunted real estate from around the country. You might live closer to a haunted house than you…
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Hottest Housing Markets in the U.S.
Seattle’s culinary and tech scenes, along with a National Association of REALTORS (NAR) affordability index of 110.62, combine to make one of the liveliest housing markets in the country. This is a well-known fact; in fact, Americans aren’t the only ones gravitating to the rainy city, foreign real estate investors are gobbling up the Pacific…
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Housing Market Improvement
Today the National Association of Realtors (NAR) reported that after a disappointing August, home sales increased handsomely in September for all major regions (South, West, Northeast and Midwest) of the country. In fact, according to NAR, home sales have increased year-over-year for the last 12 successive months.
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2016 Real Estate Trends
The recently released Emerging Trends in Real Estate 2016 report from PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI) suggests that established hubs like New York and Washington, D.C. are losing steam, and developing cities in quieter markets may well be on their way to becoming the next great American metropolises.
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House Passes TRID Grace Period Bill
There is no question about it; the TILA-RESPA Integrated Disclosure (TRID) rule transforms the way business is done in the mortgage industry. After multiple postponements, TRID was officially implemented on October 3 with the assurance from the Consumer Financial Protection Bureau (CFPB) that there would be an informal grace period carried out at least through…
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A Day Away from TRID
The TILA-RESPA Integrated Disclosure (TRID) rule consolidates four mortgage forms into two; the RESPA Good Faith Estimate and Initial Truth-In Lending disclosure have been combined to create the Loan Estimate form, and the RESPA HUD-1 and the Final Truth-In Lending Disclosure now comprise the Closing Disclosure.