Based on Freddie Mac's latest Primary Mortgage Market Survey, average fixed mortgage rates in the U.S. dropped to new 2016 lows in the wake of the Brexit vote.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 24, 2016, U.S. mortgage applications decreased 2.6 percent from one week earlier.
According to the National Association of Realtors, pending home sales in the U.S. dipped in May 2016, and declined year-over-year for the first time in almost two years. All four major regions experienced a cutback in contract activity last month.
Irvine, Ca-based CoreLogic has recently reported that cash sales in the U.S. accounted for 33 percent of total home sales in March 2016, down 2.4 percentage points year over year from March 2015.
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. dropped 6 percent in May 2016 from a downwardly revised April 2016 reading to a seasonally adjusted annual rate of 551,000 units.
According to STR, the first half of Ramadan 2016 indicates that Mecca, Saudi Arabia, was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of the holiday.
With the Brexit vote is complete, and the divorce proceedings of the UK from the European Union is now afoot, with considerable uncertainty and no real precedent, the future implications for UK's property markets are significant.
For those invested in the London property market, the deterioration in the value of sterling overnight will have erased any gains in recent years
According to Freddie Mac's latest Primary Mortgage Market Survey, the U.S. average fixed mortgage rate remain largely unchanged in mid-June. The low rates continue to be good news for the housing market.
Hard to believe it's almost the Fourth of July. And here are my favorite places to spend this happy holiday...some with "fireworks" all weekend, and others with a relaxed, laid-back vibe that just invites you to let go of all your cares...
According to the National Association of Realtors, U.S. existing-home sales sprang ahead in May 2016 to their highest pace in almost a decade.
According to STR, the United Kingdom's hotel industry is in the midst of 30 consecutive months of moving average revenue-per-available-room (RevPAR) growth.
According to new research conducted for Irvine, Ca-based loanDepot -- with the U.S. presidential elections fast approaching -- one in five Americans (21%) say a candidate's housing and finance policies will influence their vote.
Soon the Panama Canal Authority (ACP) will officially open its new gates
Over 18 percent of U.S. county housing markets were less affordable than their historically normal levels in Q2 2016.
Non-distressed Miami single-family home sales increased for the fifth consecutive month and all existing residential properties posted price gains in May 2016.
The outcome of the vote will have significant implications for the UK's economy and its relationship with its main trading partners and the rest of the world.
May was not a good month for publicly traded hotel stocks, according to STR. The Baird/STR Hotel Stock Index decreased 5.3% in May 2016 to close the month at 3,013. Year to date, the index is down 2.6%.