A weekend topic starting with Go Local Prov. "In Rhode Island, GoLocal reported that in March that Santander Bank was expected to lay off nearly 200 employees. The layoffs by Santander are taking place across the globe. 'What’s behind banking…
A report from KIRO 7 in Washington. "Homebuyers have faced a hot housing market for years, but things may finally be cooling off, and buyers could see more leverage in the market. 'It’s awesome news for homebuyers who have been…
A report from the Mississippi Clarion Ledger. Matt Wilson, President of the Mississippi Mortgage Bankers Association, believes the housing market's current state is not something about which to be alarmed. 'Mortgage rates are up, and they went up a little…
It' Friday desk clearing time for this blogger. "Homebuyer demand softened further over the last several weeks, according to Redfin. 'Buyers are becoming more discerning. They’re less willing to overpay because now they’re only facing three or four competitive offers…
A report from The Hill. "'Higher prices and higher mortgage rates have boosted the required monthly payment to buy a home; it’s up by more than 40 percent from a year ago. This affordability challenge will shrink the buyer pool.'…
A report from Reuters. "With the Fed poised to hike further, the MBA forecasts that total mortgage originations will fall 35.5% this year, with a 64% decline in refinancings. 'We have a classic case of a mortgage boom to bust…
It's Friday desk clearing time for this blogger. "Denver-area realtors are seeing something that hasn’t happened in nearly a decade: the market is starting to cool off. Sunny Banka with the Colorado Association of Realtors already seen this materialize with…
A report from the Real Deal. "More than one in four houses purchased by rental investors in the fourth quarter was a newly built home, according to data. Cash-rich investors see potential in single-family rentals, especially as mortgage rates rise,…
A report from WBTV in North Carolina. "Potential Charlotte-area homebuyer Amelia Serrano is relocating from California with her family and the interest rates are on the top of her mind. 'Now we have to look for homes in a much…
A report from The Street. "'Housing affordability keeps hitting new lows in the US... first time buyers have been priced out of the market,' investment community Wall Street Silver posted on its Twitter account. 'Investors are not likely to stay…