Pending Home Sales Up in February

Pending home sales were on the rise last month despite inadequate inventory and evaporating affordability, according to the National Association of Realtors (NAR). The trade group's Pending Home Sales Index (PHSI) rose by 3.1 percent to 107.5 in February from a downwardly revised 104.3 in
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When it comes to sustained growth in the price of a typical single-family home, the Emerald City is closing in on San Francisco. While the city by the Bay set the record back in 2001 for the longest streak of price gains, some 20 months in a row, Seattle is three months away from bursting through that
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Marketplace lending platforms such as LendingClub and Prosper have made significant competitive inroads against traditional banks in recent years by bringing together people who want to borrow with investors ready to bankroll them. But lending platforms, also called peer-to-peer lending, must
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A report co-authored by researchers at the University of Kansas suggests a majority of American banks fail to offer affordable checking options that include identity protection. A checking account is a necessity and some low-income families are forced out of the financial mainstream and into poverty, said
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TORONTO — The changing real estate market hasn't deterred celebrity investor Scott McGillivray from home flipping. If anything, he says a sales slump and tougher financing rules can make this a great time to make money. “The truth is most of the money made is buying in a low market, sort of seizing
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Earlier this month, Mondelez International selected Spark Foundry to handle media buying in North America, and last month, it won media duties for NBCUniversal Telemundo Enterprises' Telemundo and Universo brands. In January, Spark Foundry hired Publicis vet Lisa Giacosa in the new role of
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The director of consumer affairs — who functions as the commission's regulatory body — has found that Tanya Hannah and Maurice Poirier, owners of Century 21 Absolute Realty Inc. in Moncton, N.B., are unsuitable to be licensed as real estate salespeople under the province's Real Estate Agents Act.
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WASHINGTON — After several years of preparation, Fannie Mae and Freddie Mac will start issuing a new, common mortgage-backed security starting June 3, 2019, the Federal Housing Finance Agency said Wednesday. Currently, the two government-sponsored enterprises are issuing
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The social media giant has reportedly decided to delay the unveiling of its new smart home products. Originally due to be shown at a developer conference in May, the products, connected speakers with digital assistant and video chat capabilities, will be undergoing additional review, reports Bloomberg.
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As the real estate sector and the financial industry as a whole wonder where exactly we are in the economic cycle and what's coming up next, we decided to see what nine executives at five banks, all of which are prominent commercial real estate lenders, think about the major issues of the day.
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Both the loan and payment history show up on your credit report as well as the borrower's. In the short term, you'll see a temporary hit to your credit score, says Bruce McClary, spokesperson for the National Foundation for Credit Counseling. The lender's hard pull on your credit before approving the loan
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CapMan Nordic Real Estate II has acquired PÃ¥sen 1, a 9,714 sqm multi-let office building, in Hammarby Sjöstad. “We are very excited about the purchase of this property, which is located in a rapidly developing area in southern Stockholm. We have seen very positive expansion in Hammarby Sjöstad
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HOUSTON, March 28, 2018 /PRNewswire/ — Great Place to Work and FORTUNE have honored Cornerstone Home Lending, Inc. as the #11 ranked company in the country among the 2018 Best Workplaces in Financial Services & Insurance. The ranking considered feedback from more than 76,000
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Matrix advised CHS Inc. on the sale of its 33 Cenex Zip Trip convenience stores in eastern Washington and northwestern Idaho to a subsidiary of Par Pacific Holdings. Cedric Fortemps, Robbie Radant, Stephen Lynch, John Duni, and Kyle Tipping worked the deal. Transaction value: $70 million. The firm
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Tech stocks are in for another volatile day as Tuesday's selloff gave way to a pre-market roller coaster. Facebook Inc. initially led peers higher in early trading after unveiling new privacy settings in response to criticism about its handling of millions of users' personal data. But the sector soon took a
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Quicken Loans' Rocket Mortgage has made waves because it promises to process a mortgage application in minutes and close the loan in under a month, but a new upstart is aiming to knock the firm, now the largest nonbank home lender in the country, off its perch. Lenda claims to make the fastest
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IF all you dream of is a patch of earth to call your own, there are dirt cheap opportunities in Queensland, with the cheapest in the state priced at just $6000. The cheapest block of land currently listed for sale in Queensland is in a charming little town called Mungallala. $6000. There are actually two blocks
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The coming of spring seems to have warmed up the homebuying process, according to data from the Mortgage Bankers Association's Weekly Mortgage … The Refinance Index increased seven percent from the previous week and the refinance share of mortgage activity increased to 39.4 percent of total
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“Today's retirees are more likely to leave the workforce with a mortgage and other debts that can put stress on monthly cash flow,” said NRMLA President and Chief Executive Officer Peter Bell. “In these situations, financial products that convert home equity to cash could be used to pay off revolving debt
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“The ongoing tightening of lending standards, although an appropriate market response, will reduce somewhat the effective demand for housing, and foreclosed properties will add to the inventories of unsold homes,” Bernanke said. “At this juncture, however, the impact on the broader economy and
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