More than 7.4 million borrowers were still “seriously” underwater on their mortgages at the end of June, according to RealtyTrac.
Mortgage applications barely budge despite rate drop
For the second week in a row, mortgage activity barely budged, despite a small drop in interest rates.
What China’s stock plunge means for US real estate
Volatility in Chinese markets may help U.S. real estate—with Texas a market that’s seeing major benefits.
Home prices as high as the temperature in Dallas
The median price of a home sold in Dallas County in June hit $208,000, up 15 percent from a year ago.
How $71B more in mortgages could boost banks
Loan volume is now expected to rise to $801 billion in 2015, an upward revision from the $730 billion bankers had forecast.
Weekly mortgage applications edge up 0.1%
Call it groundhog week. Mortgage application volume barely moved at all, according to the MBA, although volume is better than a year ago.
Cloud REITs gaining ground
REITs increasingly own data centers that facilitate the hot new area in tech: cloud services.
Interest-only mortgages: They’re baaack
Once considered toxic during the housing crash, interest-only mortgages are back, but these are not the loans of yesteryear.
Homebuilders take a ‘beating’ from lack of labor
Homebuilders claim there is good demand, but they also complain being handcuffed by a lack of skilled labor.
Housing supply shrinking in Phoenix
Active home listings in Phoenix dropped 7 percent in May. On June 1, there were 21 percent fewer listings than a year earlier.
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