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Admin - 22 August 2022
According to the Mortgage Bankers Association's newly released Quarterly Mortgage Bankers Performance Report, independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net loss of $82 on each loan they originated in the second quarter of 2022, down from a reported gain of $223 per loan in the first quarter of 2022. "The second quarter of 2022 did not yield the usual Spring seasonal pick-up in purchase activity, Read More...
Admin - 22 August 2022
Yet Miami enjoyed the largest national year-over-year median price gain of 36.2% According to the National Association of Realtors, existing-home sales sagged for the sixth straight month in July 2022. All four major U.S. regions recorded month-over-month and year-over-year sales declines. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 5.9% from June to a seasonally adjusted annual rate of 4.8 Read More...
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