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Posted Date: Wednesday, August 20, 2014
Fannie Mae has released its August 2014 Economic and Housing Outlook, which projects future movement in interest rates, the housing market, the mortgage market and the overall economic climate. Continue reading for all the details.
Posted Date: Thursday, August 14, 2014
RealtyTrac, a provider of real estate data and analytics, released a report Aug. 7 that shows housing affordability for many median-income households has dropped below historical averages.
According to the report, which was compiled from analysis of more than 1,000 U.S. counties during the second quarter, income-to-price affordability percentages indicate homes are less affordable in 34 percent of the counties analyzed than their long-term averages over the past 14 years.
The report was calculated by assessing the median income necessary to make monthly payments on median-priced homes in each county and comparing that income-to-price affordability to the same percentages dating back to January 2000.
Posted Date: Tuesday, August 12, 2014
What do you do if you’re a lender trying to recover business in the face of slumping mortgage volumes while simultaneously trying to avoid facing the threat of legal action associated with issuing subprime loans?
The answer, at least for Wells Fargo, is to make concessions for the wealthiest of borrowers.
According to Reuters, the largest U.S. lender has eased its standards for the “jumbo” mortgages it takes on from other banks, which are too high-cost to receive backing from Fannie Mae and Freddie Mac.
Posted Date: Thursday, August 07, 2014
According to a newly released study from the National Association of Home Builders, the increasing costs for new median-priced homes could force hundreds of thousands of prospective buyers out of the marketplace. The number of households that would be affected by price increases varies across states and metro areas and largely depends on population, income distribution and new home prices. Keep reading for the details of the study.
Posted Date: Monday, August 04, 2014
Fannie Mae has released the inaugural results of its quarterly Mortgage Lender Sentiment Survey. This new industry research initiative tracks insights into current lending activities and market expectations among senior mortgage executives at Fannie Mae’s lending institution partners. Keep reading to see how lenders feel about the state of the housing market.
Posted Date: Thursday, July 24, 2014
Dwindling supply and heightened demand in Houston’s housing market have left appraisers scrambling to keep up with the area’s escalating prices, the Houston Chronicle reported.
According to recent data from the Houston Association of Realtors, available housing inventory hit its lowest level in Houston in 40 years in June just as home prices hit record highs. Additionally, the average days on market before homes sold reached 46 days in June — the area’s lowest total ever.
Year over year, the number of Houston listings was down 9.2 percent in June, single-family home sales were up 4.5 percent, and single-family average sales price and single-family median sales price were up 6.6 percent and 11.3 percent, respectively.
Posted Date: Monday, July 21, 2014
Commercial real estate markets nationally have continued to recover, according to Integra Realty Resources’ Mid-Year Viewpoint 2014, an update of the industry’s annual compendium of real estate valuation, investment and leasing trends and forecasts. The report finds that all five key property types — office, multifamily, retail, industrial and lodging — are generally undergoing a shift from the recovery to the expansion phase of the market cycle. Keep reading for the latest details on improving commercial markets.
Posted Date: Thursday, July 17, 2014
Builder confidence in the market for newly built single-family homes reached an important milestone in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index released July 16. Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as either “good,” “fair” or “poor.” Keep reading to see how the HMI points to increasing optimism in the housing market.
Posted Date: Thursday, July 17, 2014
Veros Real Estate Solutions, a provider of enterprise risk management solutions, collateral valuation services and predictive analytics, released a report July 15 that shows most of the country’s real estate markets are forecasted to appreciate in value during the next 12 months. Keep reading to see which metro hotbeds are expected to appreciate the most, and which markets have cooled.
Posted Date: Wednesday, July 09, 2014
CoreLogic, a global property information, analytics and data-enabled services provider, released its May National Foreclosure Report July 8, which provides data on completed U.S. foreclosures and foreclosure inventory. According to CoreLogic’s data, the foreclosure inventory has dropped precipitously over the last year. Keep reading for the report’s details.