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Coming Up:
Angel Oak Mortgage Adds 7 New Employees
Focus for Non-QM lender is on account executives.
CEOs Expect A Recession And Declining Business Conditions
CEO confidence continues to decline
I Don't Need Your Bidding War
Has home affordability reached its max?
U.S. Leading Economic Index Down
The index dropped in April, too.
Inflation & High Housing Expenses Affect Even The Wealthiest Americans
36% of U.S. employees earning $100,000 or more per year are living paycheck to paycheck.
RE/MAX: Closings In May Down Year-Over-Year as Inventory Grows
Closings in May 2022 were 8.5% lower than May 2021.
Bidding Wars For Homes Fall To 15-Month Low
Surging mortgage rates and home prices cited for fourth straight monthly decline in competition among buyers.
MBA: Mortgage Applications For New Home Purchases Fell 5% in May
Despite the decline, MBA raised its estimate for the annual rate of single-family home sales for the year, for the first time in 5 months.
A Grand, Expensive Scheme: House Flipper Pleads Guilty To Fraud
A Twin Cities house-flipper pleaded guilty on June 16 to defrauding real estate investors and soliciting more than $3 million.