Growing number of Americans say now is a bad time to buy a home

Suggests lingering memories of the housing crash may slow home price growth
There’s been a distinct uptick over the past year in the number of Americans who say now is a bad time to buy a home, and a sizable number point to high home prices as the primary reason. But caution might be a good thing, according to one think tank, as it could serve as a necessary weight tempering housing demand.
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JPMorgan earnings increase despite drag from mortgage lending

Earnings down slightly from Q1 but still up from 2017
In the second quarter of 2018, JPMorgan Chase saw a decrease in its earnings from the previous quarter, but still managed to increase from the previous year despite a drag from its mortgage banking sector. JPMorgan Chairman and CEO Jamie Dimon says consumer and business sentiment led to good economic growth.
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Fake accounts scandal still curbing Wells Fargo earnings

Mortgage banking revenue falls in Q2
Wells Fargo’s latest earnings report shows the bank continues to struggle with its fake accounts scandal, which began back in 2016. And not only did the bank report a lower net income, but the latest earnings report shows it also continues to struggle with mortgage banking revenue, even as originations increase.
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Ryan rejects Trump’s looming trade war

Trade war could potentially make mortgage rates unaffordable for homebuyers
House Speaker Paul Ryan rejected President Trump’s recent trade policies, warning of the potential harm tariffs could have on the U.S economy, according to an article by Ana Edgerton for Bloomberg. Trump’s trade war has the potential to negatively impact the housing market because surging inflation could result in higher mortgage rates.
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CoreVest doubles down on rental properties with build-to-rent loan program

CoreVest has already financed $200 million in rental properties, committed $20 million in June alone
CoreVest is launching a new loan program specifically for build-to-rent investors. Build-To-Rent Complete will provide construction financing for the development of new rental properties along with long-term financing once the projects have been completed and stabilized.
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Can Millennials confront the looming threat of aging Baby Boomers?

The Silent Generation and Baby Boomers sitting on $13.5 trillion in home inventory
The Silent Generation and Baby Boomers are sitting on a whopping $13.5 trillion worth of home inventory, but aging Boomers are expected to trigger a large exodus from the housing market in upcoming years. Will Millennial homeownership demand fill the void?
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Old school? Senior citizens' campus takeover

Seniors are showing a growing preference for living on or near university campuses
There appear to be a growing number of senior citizens looking for housing on or near universities. Investors are capitalizing on this demand, building senior housing around campuses, and one university is even putting a senior housing property on its campus in New York.
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Miami developer betting that unrest in Turkey will boost condo development

Bekir Okan hopes to get buy-in from Turkish investors
Miami developer Bekir Okan is betting that unrest in Turkey will catalyze the construction of his Okan Tower in Miami. According to the Wall Street Journal, Okan hopes that wealthy Turkish investors will be extra eager to move capital out of the country in the wake of President Recep Tayyip Erdogan’s reelection.
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