For the second year in a row, the Department of Housing and Urban Development’s (HUD) endorsement summary report has Homebridge ranked as the #1 203(k) renovation lender of the year. Setting the standard,... »
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Jobs and Wages Better Than ExpectedNov 3 2018
“Workin’ 9 to 5, What a way to make a livin’.” (Dolly Parton) This past week showed more and more people working 9 to 5 and home loan rates didn’t like it.
First the... »
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Mixed Messges from the FedOct 19 2018
“Now did you read the news today? They say that danger’s gone away.” (Genesis) Our Federal Reserve has a dual mandate: to maintain price stability (inflation) and maximize employment. They also have a... »
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Bond Prices Drop While Interest Rates RiseOct 5 2018
“Well, I’m going down...down, down, down, down, down.” (Jeff Beck) The big news of the week — Bond prices went down, down, down, resulting in a sharp rise in interest rates to levels... »
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Mixed News on New ConstructionSep 22 2018
"Don't rain on my parade." Barbra Streisand. Housing Starts were on the move higher in August, but the news on future construction was a bit of a damper.
August Housing Starts rose 9.2 percent from... »
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Consumer Spending DisappointsSep 14 2018
"Rainy days seem to wind up sunny, long as you got a little spending money." Jimmy Buffett. Retail Sales were on the damp side in August, rising at their smallest level since February.
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Growth in Jobs and WagesSep 7 2018
"There's no thrill like throwing a touchdown pass." Joe Montana. The labor sector scored in August with solid numbers on job and wage growth.
U.S. employers hired 201,000 new workers in August, above the... »
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Low Inventory Impacts SalesAug 24 2018
"Can you hear me now?" (Paul Marcarelli) July home sales figures spoke loud and clear regarding the impact low inventory is having on potential buyers.
Existing home sales decreased 0.7 percent to a seasonally... »
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Housing Starts and Building Permits Move UpAug 17 2018
"I'm on my way. I'm on my way. Home sweet home." (Motley Crue) July brought some mixed news for homebuyers around the country who've been looking to find their way to new homes... »
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Home Prices Continue to ClimbAug 10 2018
"Home. Home on the range. Where the deer and the antelope play." (Bing Crosby) A discouraging word was heard by many potential homebuyers, as home prices continue to rise across much of the... »
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Retail Sales RiseJul 20 2018
"My mama told me, 'You better shop around.'" (The Miracles) Consumers weren't afraid to shop around in June, while construction data did little to lessen inventory woes.
U.S. homebuilders broke ground on fewer homes... »
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Small Business Optimism Neared Record HighsJul 13 2018
"Got the inflation blues." (B.B. King) Small business optimism may be near record highs, but signs of inflation could cause some to sing the blues.
The Consumer Price Index (CPI) rose 2.9 percent in... »
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Tight Inventory Has Impact on SalesJun 22 2018
"There's something happening here, and what it is ain't exactly clear." (Buffalo Springfield) Sales of existing homes fell for the second straight month in May, with low inventory being a clear reason why.
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Retail Sales Beat ExpectationsJun 15 2018
"Rise up." (Lin-Manuel Miranda) Recent tax cuts and a strong labor market helped retail sales rise in May.
The Commerce Department reported that retail sales jumped 0.8 percent from April to May, well above... »
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Home Prices Rise as Inventory Remains LowJun 8 2018
"Seems there ain't no end in sight." (Garth Brooks) Home price gains continued in April, with low inventory across much of the country remaining a key culprit.
Research firm CoreLogic reported that home prices,... »
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Tame Inflation Helps Mortgage BondsMay 11 2018
"Are you optimistic 'bout the way things are going?" (Chicago) Tame consumer prices in April helped eased fears of rising inflation.
The Consumer Price Index (CPI) rose 0.2 percent in April, just below expectations,... »
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Inventory Remains TightApr 27 2018
"Risin' up to the challenge." (Survivor) Home sales may have increased in March, but low inventory remained a challenge for many would-be buyers.
March existing home sales rose 1.1 percent from February to an... »
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Retail Sales ReboundApr 20 2018
"Hey, big spender." (Shirley Bassey) After three straight months of declines, retail sales rebounded in March as consumers spent their hard-earned dollars.
Retail sales rose 0.6 percent in March, above the 0.4 percent expected... »
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