America's growing home tenure is threatening potential home sales growth

Potential existing-home sales fell in July as inventory concerns continued to threaten the market’s overall growth, according to First American’s Potential Home Sales Model. According to the company’s analysis, the market potential for existing-home sales fell by 1.2% from 2018, equating a loss of 63,000 … Continue readingAmerica's growing home tenure is threatening potential home sales growth

Low mortgage rates spur gain in July's existing home sales

Existing-home sales rose in July from the prior month, increasing nearly 2.5%, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said falling mortgage rates are improving housing affordability and nudging buyers into the market. However, Yun warns … Continue readingLow mortgage rates spur gain in July's existing home sales

Are mortgage lenders maxed out? MBA survey shows refinances remain at 3-year high

Do mortgage lenders have their hands full right now thanks to the recent surge in refinances? It looks like that may be the case, as new data from the Mortgage Bankers Association shows that refinances remained at three-year highs in the last week. According to the MBA … Continue readingAre mortgage lenders maxed out? MBA survey shows refinances remain at 3-year high

Here's more proof that Millennials have officially entered the housing market

Another day, another set of data that shows that Millennials are now officially in the housing market. Earlier this year, data from realtor.com showed that Millennials were responsible for more new mortgages in 2018 than any another generation. Now, new data from the same source shows that Millennials’ … Continue readingHere's more proof that Millennials have officially entered the housing market

New York Fed Names Lacey Dingman as Chief Human Resources Officer

On September 16, Lacey Dingman will join the Federal Reserve Bank of New York as executive vice president, head of the human resources group and chief human resources officer.  Formerly a senior leader at the Securities and Exchange Commission and most recently a senior associate director … Continue readingNew York Fed Names Lacey Dingman as Chief Human Resources Officer