Two Outs, Man on Second Base: NAMB President-Elect A.W. Pickel Takes His Practice Swings

May 31, 2004

Mortgage Makers Maintain EconomyMortgagePress.comEconomy, Mortgage Jobs, Bureau of Labor Statistics, In a report compiled by the U.S. Bureau of Labor Statistics, the U.S. Department of Commerce recently released employment statistics that show an increase in mortgage industry employment by more than 25 percent over the last two years, representing an addition of approximately 81,000 jobs to the workforce. More than 380,000 people were employed by mortgage banking and brokering companies in September 2002, a 17-percent increase since January, demonstrating a 13-percent increase over last years figure, with more than 44,000 jobs added in 2002 alone. Furthermore, the September employment report shows a net increase of 6,000 employees since August, confirming the role that the real estate finance industry continues to play in maintaining and supporting the U.S. economy.

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May 31, 2004

Analysis and Data

It's A Buyers' Market In Texas And Florida

Redfin says sellers are cutting their asking prices in Florida and Texas.

Two states in particular are experiencing a ballooning supply of homes for sale this spring, paired with modest price cuts to entice buyers. A new report from Redfin indicates that housing supply is surging in Florida and Texas, and sellers are cutting their asking prices...

Analysis and Data

Pending Home Sales Climbed 3.4% In March

National Association of Realtors reports gains in Northeast, South and West, with a slight drop in the Midwest

Homes under contract are rising at a cautiously hopeful pace this spring. The National Association of Realtors’ Pending home Sales Index climbed 3.4% in March, increasing to 78.2. Year-over-year, pending transactions were up 0.1%. “March's Pending Home Sales Index – at...