Posts Tagged ‘freddie mac’

“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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“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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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 There An Open Rebellion Against the Real Estate Giant?

August 2nd, 2017

Today’s News Synopsis: Some NYC brokerages have stopped sending listings to StreetEasy and Zillow group websites.  Will more follow?  More and more households are seeing multiple generations living together in the same house.  $38 million from HUD will be contributed towards combating discrimination in the housing market. In The News: – “All in

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Why Aren’t More Veterans Taking Advantage of Very Low VA Rates?

August 1st, 2017

Today’s News Synopsis: Veterans and active duty members are eligible for some of the lowest mortgage rates available, yet only 7% have used VA loans in the last 5 years.  The latest home price report from CoreLogic showed a 6.7% increase in home prices in June.  Los Angeles saw another rise

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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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Typical U.S. Home Worth More Than 200K For the First Time Ever According to Zillow

July 20th, 2017

Today’s News Synopsis: During the height of the housing bubble over a decade ago, the median U.S. home value peaked at $196,600 but never surpassed the $200,000 threshold until now.  Freddie Mac reported mortgage rates decreased again with 30-year rates now at 3.96% and 15-year rates 3.23%.  There has not been one new residential

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