Rates Ignore Trump’s Covid Diagnosis. Has The Bond Market Gone Crazy?
After weeks of incredibly subdued volatility, the bond market (which dictates rates) is starting to show some signs of life, but not for the same old reasons. Inflation? Inflation is one of the oldest and most significant reasons to freak out about interest rates. It was by far and away the dominant source of drama […]
‘Massively concerning’ jobs report sends a signal that the economic recovery could be fading – CNBC
‘Massively concerning’ jobs report sends a signal that the economic recovery could be fading CNBC…(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Pending Home Sales Just Hit a New All-Time High; Applications Slowed as Rush to Beat The New Fee Dies Down
Contracts for existing home purchases rose for the fourth straight month in August and more than doubled the increase expected by most analysts. The National Association of Realtors® (NAR) says its Pending Home Sales Index (PHSI) rose from 122.1 in July to 132.8 in August, an increase of 8.8 percent. The PHSI, based on contracts […]
NAR Interpretations and Procedures Advisory Board Recommendations
This page contains information related to the NAR Professional Standards Committee will meet on October 5, 2020, to consider recommendations from its Interpretations and Procedures Advisory Board on the Code of Ethics’ applicability to discriminatory speech and conduct. www.nar.realtor – Fair Housing
Forbearances Ending at a Faster Pace; Rates Drift Lower; Refi Market Still Hot
Black Knight said its weekly forbearance survey found the number of mortgages in active forbearance decreasing at an accelerated rate. Those mortgages fell by 2.6 percent or 95,000 loans over the last week, bring the decline over the last month to 357,000 loans. It was the fifth straight week of improvement and Black Knight noted […]
REALTORS® Confidence Index Survey: September 2018 Highlights
Eighty-one percent of respondents reported that home prices remained constant or rose in September 2018 compared to levels one year ago (85 percent in September 2017). www.nar.realtor – Vacation, Resort, and Second Homes
Fed’s Evans says he doesn’t fear 2.5% inflation, or even above
(Reuters) – The Federal Reserve will keep interest rates at zero until the economy reaches full employment, inflation is “sustainably” at 2% and the Fed is confident it will overshoot that goal, Chicago Federal Reserve President Charles Evans said Wednesday….(read more) Forward this article via email: Send a copy of this story to someone you know […]
Realtors® Weigh in on Booming Markets, Generational Trends
Realtors® gathered at the 2018 REALTORS® Conference & Expo in Boston to discuss booming markets across the country for business, investment, millennial and retirement buyers. www.nar.realtor – Vacation, Resort, and Second Homes
Window to the Law: How to Handle Multiple Offers
Multiple offer scenarios can be stressful for sellers, buyers and their brokers. By following a few fundamental principles, real estate professionals can help their clients navigate multiple offers, alleviate misunderstandings and reduce the risk of discrimination. www.nar.realtor – Fair Housing