CAR Market Matters

CAR Market Matters

Talking Points … After brisk development in December, new-home construction slowed in January. U.S. housing starts fell 2 percent in January from a month earlier to a seasonally adjusted annual rate of 1.065 million, according to the Commerce Department. New...
New Pilot Program for Reverse Mortgage Assistance

New Pilot Program for Reverse Mortgage Assistance

Keep Your Home California recently announced a new pilot program to help low- and moderate-income senior homeowners avoid foreclosure on their reverse mortgages. Senior homeowners who are at risk of losing their home to foreclosure due to delinquent property expenses...
Freddie Mac Releases February Housing Outlook

Freddie Mac Releases February Housing Outlook

Freddie Mac released its U.S. Economic and Housing Market Outlook for February, looking at the affect short-term interest rate policy changes will have in light of the existing substantial downward pressure currently on long-term interest rates. Highlights from the...
CAR Market Matters

CAR Market Matters

Talking Points … California housing affordability improved from third-quarter 2014 but dipped when compared to a year ago, as lower interest rates failed to offset higher home prices, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The percentage of...
CAR Market Matters

CAR Market Matters

Talking Points … The nation’s biggest public home builders are telling investors that new-home sales picked up during the second half of January, reflecting rising consumer confidence, low interest rates and an improving economy. For example, Taylor Morrison Home...
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