The Ticker

McMansions prove to be poor investment

Wait, no one wants ugly homes?
In a shocking turn of events, it turns out Americans don’t want to buy ugly homes after all, according to Bloomberg. The McMansion craze that started in the late 1990s hit its end when home prices with these homes failed to keep up with the rest of the market.
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MBA: Mortgage applications post quiet week

Applications slightly dip
Mortgage applications recorded another quiet week despite record low-interest rates and it being one of the busiest housing seasons of the year. And this is only the latest report in a series of up and application reports from the MBA.
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Appraisal volume increases three weeks in a row

Housing market continues to plod along
For the first time in awhile, appraisal volume managed to increase for three consecutive weeks. While the four-week moving average did slightly decrease, it is not too far below the prior week, which was the highest non-holiday influenced four-week period since early spring.
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Nomura upgrades Altisource Residential on growing single-family rental business

Analysts bullish on company's potential for growth
Altisource Residential Corporation recently disclosed its second quarter financial results, reporting that it took a net loss of $63.5 million during the second quarter. But despite that loss, analysts from Nomura are bullish on the company’s future prospects. The reason? Altisource's growing single-family rental business.
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Banks want to cut bank branches, consumers say no

Where's the balance in retail branches versus online?
Banks keep pushing consumers toward online technology, but consumers aren’t ready to give up having a local retail branch an arm’s length away. As a result, banks are left trying to find the balance between having retail locations open for consumers and cutting back costs. So far, there's no easy answer.
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No, California's housing market didn’t fall "off a cliff" in July

The silver lining in the state's housing market
At first look, it appears California’s housing market in July significantly struggled, with single-family homes and condominiums falling a whopping 10.4% for the month. But PropertyRadar dug a little deeper into the data, finding that while sales did decline, it wasn’t as bad as first expected.
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