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The housing market continues its slow trend toward historical norms, while analysts wait in anticipation for the release of the latest Fed's meeting minutes. Any strong hints that the Fed may change course at December’s meeting could push rates upward.
The state's housing market is poised for more growth as construction permits are on the rise, a trend that is expected to continue over the next three years.
Last month the bank announced plans to allow borrowers to buy homes with as little as 3% down, but now it says different. Meanwhile, some specialized nonbank companies step in to fill the void.
Two of the nation's biggest banks have agreed to pay millions to settle a suit over their role as trustees for shoddy mortgage bonds
Institutional investors are slowing down purchases of homes amid increasing prices, leaving more room for traditional buyers.
The increase was the lowest since November 2012 and is another indication that lending standards need to be loosened, says Shirmeyer.