Freddie Mac is forecasting that there will be GDP growth of 3.0 percent in the second quarter of this year, moderating from the strong 4.2 percent growth in the first quarter. The company's October Forecast, prepared by its Economic and Housing Research Group, now extends its predictions into 2020 and they are looking at substantial […]

NAR Sees Overheated Housing Market Starting to Cool

August 30, 2018 admin

Expectations weren't particularly high for a solid July report on home purchase contracts, but today's report from the National Association of Realtors didn't meet even those . NAR's Pending Home Sales Index came in at 106.2, down from an upwardly revised 107.0 in June, a decline of 0.7 percent. Foreclosure News

Housing reports: Michigan sees biggest plunge in African-American home ownership

July 11, 2018 admin

African-American homeownership has fallen further in Michigan than in any other state since 2000, and a growing number of low-income renters in Metro Detroit are “being squeezed from all sides” when it comes to finding affordable housing. Those are two just two notable conclusions from a series of reports released by the Urban Institute this […]

Maine sees another year of declining foreclosures

May 7, 2018 admin

Bureau of Financial Institutions' Superintendent Lloyd LaFountain said Maine's 31 financial institutions have remained below the 2008 level for several years. Maine financial institutions saw a notable increase in foreclosure filings in 2008 at the beginning of a national housing downturn and recession. Foreclosure News