REALTORS® Confidence Index Survey: June 2014 Survey Highlights

The June 2014 REALTORS® Confidence Index (RCI) Report indicates that REALTORS® had a slight dip in confidence about current and future market conditions in June across all markets. Low supply of homes relative to demand, the challenging credit environment,...

The Latest on Consumer Confidence

• People’s view of the economy is turning for the better. A record high stock market and continuing job additions are no doubt contributing to the better feelings. That in turn could move the economy into a virtuous cycle...

New Rule Protects Consumers, but Instills Caution

New lending rules (ATR/QM rule) that went into effect on Friday, January 10th, 2014 requires that originators make a good faith effort to verify a borrower’s ability to repay their mortgage and imposes stiff penalties if they do not....

Latest Housing Affordability Index Release

At the national level, housing affordability is down for the month of May and lower than a year ago due to a rise in home prices and slower rising mortgage rates. Housing affordability is down for the month of...

NAR’s 2nd Survey of Mortgage Originators

The mortgage market was buffeted by a number of changes in 2013 and 2014, among them higher fees at the FHA and changes to underwriting as required by the Ability- to-Repay and Qualified Mortgage Rules. In April of this...