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Mortgage Credit Tightens as Bankers Adjust to Declining REO Supply

by devteam November 4th, 2014

The Mortgage Bankers Association (MBA) said on Tuesday that an anomaly was likely responsible for the slight downward shift in mortgage credit available in October. MBA's Mortgage Credit Availably Index (MCAI) dipped 2.5 percent compared to September

Private Residential Construction Spending Held Firm in September

by devteam November 4th, 2014

U.S. construction spending eased back slightly in September, to a seasonally adjusted annual rate of $950.92 billion. The U.S. Census Bureau reported that this was down 0.4 percent from the seasonally adjusted number in August of $955.17 billion and 2

First-Time Home-Buying Lowest Since 1987

by devteam November 3rd, 2014

The downward-drifting participation of first-time homebuyers over the last few years has brought their share of the home buying market to its lowest point in nearly three decades the National Association of Realtors® (NAR) said today. The absence

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