Home sales down, inventory up as Seattle-area market cool down continues

Home sales down, inventory up as Seattle-area market cool down continues

Inventory has been increasing, giving buyers more options, but don't expect the trend to continue through the winter.
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Stocks fall…Mortgage rates edge lower…Nike reacts to Ronaldo allegations

WASHINGTON (AP) — Long-term U.S. mortgage rates edged slightly lower this week, taking a pause after five straight weeks of increases. Costs for
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Movement Mortgage to lay off 180 employees

Movement Mortgage explained to HousingWire that the employees affected by the layoffs are not loan officers, rather they are members of its back
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Opinion: Get ready for an 8% to 13% stock market correction

That is the forecast of Hayes Martin, president of Market Extremes, an … likely to hit mortgage rates soon — another test for the housing market.
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Single-Family Rental Communities Expanding in Phoenix

… on to just what the rent-centric housing market needs – some new twists on rental … According to John Burns Real Estate Consulting, at least 10,000
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'Senators Should Pay Attention.' Retired Supreme Court Justice John Paul Stevens Speaks Out …

Retired Supreme Court Justice John Paul Stevens said on Thursday that Brett Kavanaugh's behavior during the Senate hearing over allegations of
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Cybercrime now 55% of gross losses in SA banking industry – report

More than half (55%) of the gross losses due to crime reported to the SA Banking Risk Information Centre (Sabric) occur online. This is according to
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Is Kanye West making big moves in real estate development?

Could this mean West is diving deeper into the housing industry? … Until then, HousingWire will update if we discover anymore developments.
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Senate Democrats call for federal investigation into money laundering in luxury real estate

… all of New York City, Los Angeles, San Francisco and several other areas. The investigation was later expanded again to include wire transfers.
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Ripple effects: Shifting demand creates mortgage winners and losers

Lenders are learning to navigate the rebirth of a purchase market as rising mortgage rates eliminate the incentive to refinance for many current
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China May Be on Collision Course With US, Harvard's Allison Says

… why China might be on a collision course with the U.S. He speaks with Bloomberg's David Westin on “Bloomberg Markets: Balance of Power.
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Housing Market In Idaho, Mountain West May Be Cooling Off

She expects to see home prices continue to climb, but she says there is some good news on the horizon for home shoppers — there seems to be a
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Angel Oak Adds Seven More to Its Team

Angel Oak Mortgage Solutions has announced the addition of six new Account Executives in September to teach brokers and correspondents about
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Redfin Mortgage Launches in Colorado

DENVER, Oct. 4, 2018 /PRNewswire/ — (NASDAQ:RDFN) — Redfin Mortgage, LLC is now offering loans to homebuyers in Colorado, announced
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Bond Bears Can't Get Their Story Straight

That unexpectedly good news surely set the tone for the world's biggest … From my Bloomberg News colleagues in Sydney, in a piece titled “Bond
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Computer Spies Hacked Reality

I think that people mostly get it backwards: The popular view is that … I have a column in the current issue of Bloomberg Markets on the future of
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Yields on US Treasury Notes Hit Record High: 5 Bank Picks

However, a hike in interest rate will raise the cost of funds, which in turn will enable the financial sector, especially banks, to widen the spread between
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As sales plunge, King County home inventory has biggest jump on record

Sales and inventory numbers are now back to 2012 levels – when the housing market was still buyer-friendly – while prices continue to drop from their
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Northwest Indiana housing prices, sales continue to climb in August

Year-over-year housing prices and sales continued to climb in Northwest Indiana in August, bucking a nationwide trend. “If I could describe the year it
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Bank of America unveils app upgrades as lenders fight to become one-stop shops for money

When Bank of America bought Merrill Lynch a decade ago, the idea was to meld a vast retail bank with a leading wealth-management brokerage.
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