TPS Weekly - December 19th, 2018

The Best Weekly Curation of Real Estate and Mortgage News

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TPS WEEKLY

The Best Weekly Curation of Real Estate and Mortgage News

December 19th, 2018

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Home builder confidence hits 3½ year low as housing crunch worsens

Builders concede major markets have gotten pricey, but consumers have been begging for affordable inventory for years. READ MORE
MarketWatch

The slowing US housing market will have 'a small silver lining' in 2019 

Home prices will increase moderately in 2019, but you won’t see prices soar. And while interest rates will increase, an uptick in wage growth will also help to encourage people to buy a home. READ MORE
Yahoo Finance

Single-family home construction tumbles – and a top analyst says housing is in a correction

Single-family housing starts fell more than 13 percent year-over-year, according to the U.S. Census. Building permits, an indicator of future construction were down nearly 2 percent. READ MORE
CNBC

State of the Foreclosure Market

Servicers of some of the largest banks in the U.S. initiated 28,508 new foreclosures during the third quarter of 2018, according to the Office of the Comptroller of Currency's (OCC's) Mortgage Metrics report. This marked a 3.7 percent quarter-over-quarter decrease and a 16.8 percent decline from a year ago. READ MORE
DSNews

NYT: Risky mortgages are making a comeback

Warns borrowers to beware of these "complicated" loans. READ MORE
HousingWire

Home Sales vs. Mortgage Rates

According to Mark Fleming, Chief Economist at First American, a thriving economy and rising millennial homebuyer demand continues to underpin the housing market today despite the rise in mortgage rates. READ MORE
MReport

TPS Renovation Spotlight

Featuring our renovation in Orlando, Florida.
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