41,000 Home Foreclosures in October, Down 65 Percent from 2010 Peak
41,000 Home Foreclosures in October, Down 65 Percent from 2010 Peak According to CoreLogic’s October National Foreclosure Report, for the month of October 2014 there were 41,000 completed U.S. foreclosures nationally, down from 55,000 in October 2013, a year-over-year decrease of 26.4 percent and down 65 percent from the peak of completed foreclosures in September […]
Housing Price Bubble Starting in Certain U.S. Markets
Housing Price Bubble Starting in Certain U.S. Markets According to a new report by RealtyTrac, at the county-level, several U.S. housing markets are starting to show early warning signs of a possible home price bubble — where prices overinflate and eventually decline. The report also identified markets with little risk for a home price bubble. […]
Mortgage Rates Lower Across the Board in U.S.
Mortgage Rates Lower Across the Board in U.S. Based on Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), the average fixed mortgage rate was down from the previous week. At 3.89 percent, the average 30-year fixed-rate mortgage is at its lowest level since the week of May 30, 2013. Frank Nothaft Freddie Mac chief economist […]
Housing expert: Smoother days ahead in 2015
Housing expert: Smoother days ahead in 2015 After several bumpy years, the housing market should continue to smooth out in 2015, one of the nation’s leading housing economists says.. In his predictions for 2015, Zillow chief economist Stan Humphries said he expects home values to rise 2.5% next year — positive territory but well below […]
Single-Family Housing Starts in U.S. Rise Along With Permits
Original Post: http://www.bloomberg.com/news/2014-11-19/ | From BLOOMBERG Single-Family Housing Starts in U.S. Rise Along With Permits Groundbreaking for single-family homes climbed in October and permits for all future projects reached a six-year high to signal construction will add to U.S. economic growth in early 2015. Starts of one-family houses advanced 4.2 percent to a 696,000 annualized rate […]
Fannie Mae housing survey shows increased seller optimism
Original Post: http://www.theday.com/real-estate/20141128/fannie-mae-housing-survey-shows-increased-seller-optimism | From THE DAY Fannie Mae housing survey shows increased seller optimism Optimism about the housing market increased among respondents to a monthly survey conducted by Fannie Mae, with the percentage of sellers who think it is a good time to sell hitting an all-time high. Fannie Mae’s National Housing Survey for October found […]
U.S. Loosens Reins, but Mortgage Lenders Want More Slack
Original Post: http://dealbook.nytimes.com/2014/10/22/u-s-loosens-reins-but-mortgage-lenders-want-more-slack/ | From The New York Times The government, in recent days, has been giving one set of bankers nearly everything they want. In this case, the lucky lenders are mortgage bankers, who for months had pressed federal agencies to loosen regulations on the home loan market. The regulators, eager to increase the flow of […]