Foreclosures | Mortgages | Financing
So far this year, the housing market has struggled to get itself off the ground, but according to an updated forecast report from Freddie Mac, housing is expected “to maintain its momentum in 2016 and be an economic engine of growth.” Here are the new predictions for this year, including what to expect from mortgage rates. …read more
From:: Real Estate Wire
The market is steadily catching up, and is close to resuming its pre-crisis percentage of cash sales, if it continues to fall at its current rate. Could full recovery happen as soon as next year? …read more
From:: Real Estate Wire
U.S. stocks edged up on Friday, gaining for a second week in a row, but the tech-heavy Nasdaq bucked the trend as bellwether tech stocks lagged. Alphabet Inc. and Microsoft Corp. led the decliners in the wake of weaker-than-expected quarterly earnings. The S&P 500 added less than a point to close at 2,091 while the Dow Jones Industrial Average rose 21 points, or 0.1%, to end at 18,003. However, the Nasdaq slid 39 points, or 0.8%, to close at 4,906.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
The demand from homebuyers for solar energy is growing and continues to do so. Whereas some areas are starting to make solar panels more cost effective, one area took it to a whole new level; they’re building an entire town to be run on solar power. …read more
From:: Real Estate Wire
North Carolina-based Fidelity Bank reached a $1 million settlement over allegations that the bank engaged in discriminatory lending practices. The settlement agreement stems from a complaint filed by the Fair Housing Project of North Carolina Legal Aid, which accused Fidelity Bank of denying mortgage loans based on race, which would be a violation of the Fair Housing Act. …read more
From:: Real Estate Wire
North Carolina-based Fidelity Bank reached a $1 million settlement over allegations that the bank engaged in discriminatory lending practices. The settlement agreement stems from a complaint filed by the Fair Housing Project of North Carolina Legal Aid, which accused Fidelity Bank of denying mortgage loans based on race, which would be a violation of the Fair Housing Act. …read more
From:: Real Estate Wire
Oil futures settled higher Friday as recent declines in U.S. crude production and domestic oil-rig counts helped prices tally a third weekly gain. June WTI crude rose 55 cents, or 1.3%, to settle at $43.73 a barrel on the New York Mercantile Exchange. Based on the most-active contracts, prices saw a weekly gain of 8.3%.] as recent declines in U.S. crude production and domestic oil-rig counts helped prices tally a third weekly gain. June WTI crude rose 55 cents, or 1.3%, to settle at $43.73 a barrel on the New York Mercantile Exchange. Based on the most-active contracts, prices saw a weekly gain of about 8.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Under Armour Inc. said Friday that it has partnered with the University of California, Berkeley for a 10-year agreement that will provide athletic gear, internships, jobs, discounts and more. The agreement, which starts July 1, 2017, will outfit the men’s and women’s teams in Under Armour gear. The additional benefits are part of UC Berkeley’s University Partnership Program, which launched last summer. Under Armour shares are down 0.3% in Friday trading, but up 12.3% for the year so far. The S&P 500 is up 2.2% for the year to date.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Gold futures settled sharply lower Friday on the back of a stronger U.S. dollar, to finish out the week with a loss of 0.4%. June gold dropped $20.30, or 1.6%, to settle at $1,230 an ounce. For the week, prices lost roughly 0.4%, according to FactSet data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
By jgaffney@housingwire.com Robin Sidel’s article is titled: “Safe at Home: Small Credit Unions Dodge Rule Requiring Office Space” and opens with the revelation that there are many, many credit unions so tiny they operate out of the owner’s homes. Those credit unions may have just dodged a bullet. …read more
From:: Real Estate Wire