By Rob Chrisman
Posted To: Pipeline Press
“Most mortgage bankers know that if they’re attacked by a mob of clowns to go for the juggler.” And most mortgage bankers know whether or not the communities in which they lend are expensive or not. In late February yet another list of the most expensive places to live in the U.S. came out – heck, San Francisco barely made it. Builders are attracted to expensive places, and Zelman and Associates published its January Homebuilding Survey, indicating that 2015 is off to a strong start. Order growth increased 32% year over year, bumping 2015 first quarter order growth to 21%. The homebuilding survey increased to 60.5 from 58.4 in December, reaching its highest level since June of 2014. Traffic metrics have shown the strongest improvement in three years, and improved year over year surpassing builder…(read more)
Via:: Lots of Vendor Updates; Rates Heading Back to Last Week’s Levels
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