Mortgage applications decreased 10.4% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending March 27. On an unadjusted basis, the index decreased 10% compared with the previous week. The refinance index decreased 17% from the previous week and was 33% higher than the […]
Higher mortgage rates trigger sharp drop in applications Read More »
California lawmakers are weighing bills that would reduce regulatory barriers to revive condominium construction, which has dropped significantly from its peak in the years before the Great Recession. Assembly Bill 1406 would raise the state’s liquidated-damages limit on new condominium sales from 3% of the purchase price to 6%. Backers frame the bill as “condo
California bills target condo deposits and defect liability Read More »
All eyes are on Lennar’s forthcoming 10-K filing, maybe as soon as Thursday, as a wave of investor questions converges around one central issue: How much financial risk – recognized or not – sits inside the company’s land-light strategy? In recent days, that question has pitched from a routine analyst inquiry into a whirlwind of
Lennar land bank exposure under the microscope Read More »