Wells Fargo, the country’s No. 1 producer of refinancing and home-purchase loans, reported the second quarter earnings Friday.
It says that it originated $47 billion in residential mortgages in the Q2 quarter,a steep drop (58%)from the $112 billion in home loans made a year earlier.
This means the US Housing Market recovery is in still a precarious situation. We will have to watch this number again for the third quarter, to see how the market is doing.
In this environment, it is still hard to sell your house fast.
However, there is always to have your house sold quickly. As local cash buyer, We Buy Houses "As Is" All Cash & Close Quickly. To get more info, please visit our main website at http://www.sellmyhousebronx.com
No comments:
Post a Comment