3 reasons why California housing is about to go bust

Here's where expert economists think housing is going

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Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail
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Fitch: Rise of nonbank servicers threatens private-label RMBS

Top five nonbank servicers now handle 64% of all private-label securities
Ben Lane
The rise of nonbanks presents heightened risks to investors, Fitch Ratings said in a new report. “In contrast to large commercial bank servicers, most nonbank servicers, including most of the current top five, have a weaker financial profile and are currently rated non-investment grade or are not publicly rated by Fitch.”
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Housing start woes go deeper than single-month drop

Analysts still see silver linings in the long term
Trey Garrison
With news Thursday that privately owned housing starts plunged 14.4% in August, many were left scratching their heads at how starts could have printed so poorly.
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Now available: HW Bank Reports

Update your market intelligence with downloadable bank data
Paul Jackson
The launch of HW Bank Reports is the first step towards offering U.S. mortgage and housing market participants a rich set of accessible, downloadable, and cost-effective data that can drive better business decisions.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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