Real Estate
| 11:44AM 11/01/2012
In its October survey of senior lending officers, the Federal Reserve Bank notes that borrowing requirements have been relaxed for business lending and some consumer lending in the past three months. Home mortgage loans, however, have experienced no change in requirements over the past three...
| 10:43AM 11/01/2012
The U.S. Census Bureau reported this morning that construction spending in September rose by 0.6% to an estimated seasonally adjusted annual rate of $851.6 billion from a revised estimate of $846.2 billion from August. Compared with September 2011, spending is up 7.8%. For the first nine months of...
| 2:15PM 10/31/2012
Short sellers seem to have intuitively known as early as October 15 that Hurricane Sandy was going to be a real bruiser of a storm for the Eastern Seaboard. While that is not really true, Generac Holdings Inc. (NYSE: GNRC) is surging on the potential new business from before, during, and after...
| 10:13AM 10/31/2012
According to CoreLogic's National Foreclosure Report for September, some 57,000 foreclosures in the United States were completed in September 2012. That was down about 31% from 83,000 in September 2011, as well as down more than 3% from a revised 59,000 in August 2012.
Completed foreclosures...
| 7:19AM 10/31/2012
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 4.8% in the group's seasonally adjusted composite index, compared with last week's decrease of 12%. Unadjusted, the composite index fell by 2%.
Applications for refinancing fell...
| 6:20AM 10/31/2012
Buried a bit in the new Case-Shiller data on home prices for August were several markets that still have not recovered much from the housing wreck triggered by the recession. The overall increase, the research firm reported, was an improvement of 0.9% in August over July by the measurement of both...
| 4:05PM 10/30/2012
Fannie Mae and Freddie Mac extended their disaster-relief policies to borrowers whose homes were damaged by Hurricane Sandy. The aid applies to property owners living in towns and cities along the eastern United States that have been declared disaster areas by President Obama.