HousingWireHousingWire Mortgage applications declined 0.7% on a seasonally adjusted basis during the week ending Dec. 13, driven by slight decline in refinance activity, according to data released Wednesday by the Mortgage Bankers Association (MBA). The decline in applications broke a five-week streak of increases in mortgage demand. Rising mortgage rates…
Continue reading →HousingWireHousingWire They say housing leads the economy in and out of a recession. Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. Interestingly, employment for residential construction workers — typically one of the first areas to experience declines before a recession — has not…
Continue reading →HousingWireHousingWire The Supreme Court agreed on Wednesday to hear TikTok’s challenge to a law that could ban the popular social media app in the U.S. The move expedites the case to be heard at a special session on Jan. 10, shortly before the law is set to go into effect…
Continue reading →HousingWireHousingWire Hurricanes in Florida and North Carolina took a bite out of housing construction in October, but things are looking up. The U.S. Census Bureau’s November residential construction report shows single-family starts rising 6.4% compared to last month, clocking in at a seasonally adjusted annual rate of 1,011,000. Single-family housing…
Continue reading →HousingWireHousingWire Dallas-based brokerage United Real Estate is expanding its footprint in the Midwest with a new merger. This week, Kansas City-based United affiliate partner Platinum Realty will merge its operations with SunWest Real Estate Advisors. The financial terms of the merger were not disclosed. Platinum brings a 2,500-agent team with…
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