3 reasons why California housing is about to go bust

Here's where expert economists think housing is going

Where will we be in 2019?

Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail
W S

News

Freddie Mac: Mortgage rates move to 3-month high

Biggest one-week gain this year
Brena Swanson
"Although mortgage rates were up very modestly this week, with mortgage rates at the top end of that narrow range, it is enough to put the benchmark 30-year fixed mortgage rate at a 3-month high," Bankrate said.
Read More

Initial jobless claims beat expectations, down to 280K

Weekly claims lowest since 2000
Trey Garrison
Initial jobless claims dropped to 280,000 for the week ending Sept. 13, dramatically better than expectations of 305,000, the lowest since 2000.
Read More

Housing starts nosedive 14.4% in August

Below analyst expectations despite coming off a heated July
Trey Garrison
After a hot July print, housing starts were expected to slow a bit, but nothing like this.
Read More

Windermere Real Estate joins RealtyTrac’s broker network

Company represents more than 40% of all real estate sales in Seattle
Ben Lane
“The addition of Windermere Real Estate to the RealtyTrac Network furthers our mission of aligning with top brokerages in the nation to leverage RealtyTrac’s many resources and further establish them as highly credible, sought after authorities on the housing market,” said Jamie Moyle, CEO of RealtyTrac.
Read More

Newt Gingrich’s plan to fix housing

Highlights from keynote speech at Bipartisan Policy Center
Ben Lane
“We have a unique advantage of being too disorganized to block the future," Gingrich said in his remarks, according to a report from Citylab.
Read More

Wells Fargo CEO: Housing no longer leads the recovery

Auto industry and energy industry take new precedence
Brena Swanson
Wells Fargo CEO John Stumpf said at the National Press Club in Washington D.C. on Wednesday that he is “optimistic” on the economy and “bullish” about the future.
Read More

American mobility at historic low and not changing soon

People are staying in place longer and fewer are moving
Trey Garrison
The U.S. Census Bureau’s current population survey released on Tuesday shows that mobility is flat — at the same low level of 11.7% as the year before.
Read More

Caliber Home Loans acquires Cobalt Mortgage

Expands into Pacific Northwest region
Brena Swanson
Irving, Texas-based Caliber Home Loans, is acquiring Cobalt Mortgage, significantly expanding its sales force and nearly doubling the size of its branch retail lending business.
Read More

Urban Institute map shows 12 years of mortgages in 24 seconds

Details mortgage activity by ethnicity before, during and post-crash
Trey Garrison
The Urban Institute has created an interactive map that transforms data on more than 100 million mortgage originations throughout the United States into a compelling visual that identifies borrowers by race and ethnicity over a 12-year period.
Read More

FOMC: Tapering quickly coming to a close

Tapers another $10 billion
Brena Swanson
Tapering is likely to end at the next Federal Open Market Committee meeting, according the latest September minutes. In the latest meeting, the committee decided to taper another $10 billion.
Read More