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Lackluster Purchase Activity Boosts Refi Share

by devteam August 19th, 2015

What little life there was in mortgage volume last week came from refinancing. That wasn't saying much. The Mortgage Bankers Association's (MBA's) Market Composite Index, a measure of application volume, increased 3.6 percent on a seasonally adjusted

Cash Sales Continue Year-over-Year Retreat

by devteam August 18th, 2015

The level of cash sales remains high in several states, mostly those also still experiencing a high level of foreclosures . CoreLogic said on Tuesday however that on a national basis the level of those sales has now fallen to the lowest percentage since

Housing Starts near 8 Year High While Multi-Fam Skews Permits

by devteam August 18th, 2015

Permits for residential construction fell sharply in July, down 16.3 percent from June while remaining 7.5 percent above the level of one year earlier. The U.S. Census Bureau and Department of Housing and Urban Development's joint release said permits

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