Homeowners are choosing to stay put, limiting opportunities for first mortgages but giving lenders a chance to take advantage of a growing renovation market. Processing Content Nearly 75% of homeowners said they’re focused on staying in their current home and improving it, according to a survey of 2,000 homeowners in the United States conducted by […]
Renovation lending opportunities await lenders, survey finds Read More »
Lennar Corp. highlighted yet another challenge for homebuilders that have been contending with sluggish demand and high mortgage rates: price competition from a growing supply of existing homes. Processing Content It’s especially notable in Florida and Texas, two of Lennar’s largest markets, Chief Executive Officer Stuart Miller said on a call with analysts Thursday. “When
Florida home sellers cut prices, add to pressure on Lennar Read More »
President Donald Trump said he still had confidence in Federal Reserve Chairman Kevin Warsh and criticized what he said was a “hostile” board even after the central bank unanimously defied his calls to lower borrowing costs. Processing Content “I do, I mean I’m relying on Kevin,” Trump told reporters about his hand-picked Fed chief, speaking
Trump backs Warsh, faults ‘hostile’ Fed board for rate hike Read More »