Pending Home Sales on the Rise

According to the National Association of REALTORS, Pending home sales rose in January, and have been above year-ago levels for the past 21 months. NAR Chief Economist Lawrence Yun explains: “Favorable affordability conditions and job growth have unleashed a...

CAR Market Matters

Talking Points New federal regulations require mortgage lenders to verify that prospective borrowers can meet the repayment terms of their mortgage loans. Under the Dodd-Frank Act, the rules prohibit the “no-doc” loans commons during the housing bubble. Before making...