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JPMorgan Chase has announced that it would deploy more than $750 billion into the housing market over the next decade in a bid to create more affordable housing and make homeownership more accessible for Americans. The financial firm’s American Dream Initiative aims to build or preserve 1 million affordable housing units and help a half-million…
The gauge measuring current sales conditions slipped one point to 37, the index tracking future sales expectations fell two points to 43, and the measure of prospective buyer traffic dropped two points to 23, a reading that suggests demand is not recovering at the ground level. “Many potential buyers remain on the sidelines as they wait…
Odeta Kushi (pictured top), deputy chief economist at First American, said the housing market’s underlying fundamentals are more favorable than the rate-driven noise suggests. “I’ll go back to our analogy, which is really that it’s the tide that matters,” Kushi told Mortgage Professional America. “There’s a lot of short-term volatility that we see, and there’s…
Existing-home sales eased in June after reaching a six-month high in May, as modest changes in mortgage rates continued to influence buyer activity. According to the National Association of REALTORS®, sales fell 2.4% from May to a seasonally adjusted annual rate of 4.09 million, though they remained 2.8% above their level from a year earlier….
For NRIs and other international investors, the platform provides access to Indian markets. Credit: Alicia97/ Shutterstock.com. Lighthouse Canton has launched Global Indian, a wealth management platform targeted at non-resident Indians and overseas investors. The new platform brings together reporting across jurisdictions, cross-border wealth structuring and a single advisory relationship covering both offshore and India-based holdings,…