Posts Tagged ‘fannie mae’

“Bridge Program” Needs More Time To Be Modified

August 17th, 2017

Today’s News Synopsis: FHFA is extending HARP through December 31, 2018.  Since 2014, the number of neighborhoods added in the U.S. with homes totaling $1 million is 346.  Redfin reported a 3.5% decrease in home sales in July, marking the 22nd month in a row to see sales decline. In The News: Zillow –

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Store Wars….Trader Joes, Whole Foods…..ALDI???

August 15th, 2017

Today’s News Synopsis: Attom Data Solutions shows you what grocery store is better for investors.  The NAHB reported builder confidence increased this month by 4 points and now stands at 68.  Affordable homes are becoming more and more rare, leaving many more having a harder time finding a place to live. In

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“Sellers Need a Trusted Adviser (Realtors) They Can Lean On”-Zillow

August 10th, 2017

Today’s News Synopsis: Instant Offers:  Zillow tells you what it is, isn’t, what they learned and where it’s going.  Housing affordability is lower with increased home prices and tight inventory, standing at 29% compared to 32% in the first quarter.  Mortgage rates also decreased again with 30-year rates at 3.9% and

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Is Aging In Place Dominating the Housing Market?

August 8th, 2017

Today’s News Synopsis: Baby Boomers who refuse to sell are adding to housing shortage.  A recent study from Trulia showed those with a greater chance of owning a home and higher ownership rates were those who graduated from college and received advanced degrees.  An entire street in San Francisco was just

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Shopping Mall Owners Are Tired of the Industry Chatter

August 7th, 2017

Today’s News Synopsis: Mall CEO’s say retail apocalypse is exaggerated.  Do you believe them?  According to the latest Home Purchase Sentiment Index from Fannie Mae, there are much fewer Americans now than before who believe now is a good time to buy a home.  Low-down-payment purchase lending is at its highest

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Business As Usual? Not According to New NAR CEO

August 3rd, 2017

Today’s News Synopsis: The new National Association of Realtors CEO Bob Goldberg says they are set to “embrace disruption.”  Zillow reported an increase in the homeless population with rents drastically increasing.  Mortgage rates continue to remain level with 30-year rates at 3.93% and 15-year rates at 3.18%. In The News: Freddie Mac – “Mortgage

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Is Airbnb Ruining Rental Markets? Bigger Pockets Answers That Question

July 31st, 2017

Today’s News Synopsis: What is Airbnb doing to rental markets?  The National Association of Realtors reported a 1.5% increase in pending home sales in June, while Black Knight Financial Services showed home prices increased 1.1% in May.  With many department stores expected to close, grocery stores may be moving into their

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Freddie Mac Changing Low Down Payment Mortgage Program Requirements

July 28th, 2017

Sources: Existing-Home Sales Retreat Sales Retreat 1.8 Percent in June June pending home sales and Market Pulse Survey The S&P CoreLogic Case-Shiller National Home Price NSA Index Sets All Time High For Sixth Consecutive Month Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage Rates Drop Again U.S. Home Sellers Realized Average Price Gain of $51,000 in

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Retailers Move Out…e-Commerce Companies Move In

July 25th, 2017

Today’s News Synopsis: As brick-and-mortar retailers shut their doors and move out, e-Commerce companies are moving in…to their warehouses.  The latest S & P CoreLogic Case-Shiller Indices showed home prices were at a record high for the sixth straight month, having increased 5.6% in May.  From 2005-2015 the population increased for

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Freddie Mac is Following Fannie Mae Into The Rental Market

July 24th, 2017

Today’s News Synopsis: Freddie Mac wants to provide tens of millions of dollars in financing to mid-size landlords and Non-Profits.  The National Association of Realtors reported a 1.8% decrease in existing-home sales for the month of June.  LA is on top for the number of investment sales after Manhattan’s dropped 55%. In The

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