"The housing market is in trouble, according to the latest existing home sales numbers. One key gauge, Days on Market, is at a dangerously low level, suggesting a grim outlook. With no apparent end in sight, private lenders need to be aware of the current state of the market."
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"Looking to invest in the Mid-Atlantic region? May's data reveals that second homes and investment properties made up 32% of real estate sales. Meanwhile, move-up buyers accounted for only 11% of sales - discover which types of properties are best for you."
"Housing starts and permit applications both rose in May at the highest rate since 2016, signifying a strong response from builders as consumer demand for housing increases. See the data to find out why the outlook for the housing industry is so positive."
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This news summary provides an in-depth review of how U.S. Senators and CFPB Director Rohit Chopra plan to investigate the practices of home-flipping companies. Learn about potential changes and their potential implications for private lenders. Don't miss this critical review of the proposed oversight.
Altos Reports: Bergen County Home Selling Time at Its Lowest in 2020: Median Days On Market 56, Down From High of 84. Get the Latest Private Lender Banking Trends & News from an Industry Expert.
The mortgage industry is moved forward with SimpleNexus and Empower integration. Stay informed and stay ahead with homebuying news & insights from the experts. Get the info you need to shape your homeownership journey with trusted mortgage insight from SimpleNexus and Empower.
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"Dallas-based Comerica Bank is opting to exit the mortgage banker finance business following turbulence in the industry. Get the full story from an experienced mortgage industry expert and understand how this impacts private lenders."
