Posts Tagged ‘housing affordability’

Housing Affordability at Lowest in 8 Years, Yet Still Remains Positive

February 16th, 2017

Today’s News Synopsis: The latest study from ATTOM Data Solutions showed that of the homes valued at a total of $4.9 trillion, 17.3 million of them are in zip codes where environmental hazards are a high risk.  The latest HUD and Census Bureau reports showed housing starts decreased 2.6% to

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Job Openings for Construction Jobs That Remain Open at All-Time High

May 12th, 2016

Today’s News Synopsis:   Freddie Mac reported 30-year mortgage rates, which now stand at 3.57%, are at their lowest since 2013 while 15-year rates stand at 2.81%.  The latest National Delinquency Survey from the Mortgage Bankers Association showed delinquency rates remain relatively the same while foreclosures are continuing to decrease.  Job

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RealtyTrac Reported an Increase in Bank Repossessions by 66%

October 15th, 2015

  Today’s News Synopsis: Mortgage rates increased but continue to remain below 4% with 30-year rates at 3.82% and 15-year rates at 3.03%.  Citigroup’s earnings in the third exceeded expectations, but the earnings for Goldman Sachs fell short of expectations.  RealtyTrac reported an increase in bank repossessions by 66%.   In The News: Los

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Household debt continues to increases despite delinquency rates showing signs of improvement

June 1st, 2015

    Today’s News Synopsis:   Household debt continues to increases despite delinquency rates showing signs of improvement.  Spending on construction increased 2.2% in April according to the U.S. Census Bureau of the Department of Commerce.  Richard Green is the new senior advisor for HUD’s housing finance.   In The News: Bloomberg – “Fed’s Fischer Says Real

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Mortgage Lending Increased 17% According to RealtyTrac

May 14th, 2015

    Today’s News Synopsis: Home prices increased in April by 6.5% according to the latest report from Redfin.  RealtyTrac reported lending on mortgages increased 17% in the first quarter.  In another story related to mortgages, rates increased again for the third week in a row with 30-year rates now at 3.85%

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Over 1 Million Homeowners Avoid Foreclosure Thanks to Freddie Mac

February 19th, 2015

  Today’s News Synopsis: Freddie Mac reported an increase in mortgage rates for the second week in a row with 30-year rates now at 3.76% and 15-year rates at 3.05%.  Housing affordability increased again in the fourth quarter.  For families earning the median price of $63,900, 62.8% of new and existing

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Mortgage rates continue to remain low

November 13th, 2014

      Sources: Repeat Foreclosure Percentage Increases to Tie All-Time High Optimism about housing gradually improving Banks Agree to Multi-Million Dollar Settlement Over Faulty MBS Millennials still grapple with first-time homebuying Cities Struggle to Recover From U.S. Recession, Pew Says Today’s News Synopsis: Mortgage rates continue to remain low with 30-year rates at 4.01% and 15-year rates at

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Builder Confidence Increased in August by Two Points to 55 According to the NAHB

August 18th, 2014

      Today’s News Synopsis: The NAHB reported builder confidence increased in August by two points to 55.  Even though the outlook for the economy as a whole has been positive, the housing market outlook itself has been less than positive with the slowdown in housing activity and only slight improvement.  Affordability for

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Janet Yellen Says Housing Recovery Moving at Slow Pace

July 15th, 2014

Today’s News Synopsis: CoreLogic reported home prices increased 8.8% last May for the 27th week in a row, leading to a decrease in housing affordability.  Janet Yellen spoke with the Senate Banking Committee saying that the recovery for the housing market is still moving along at slower pace, primarily due to

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The Norris Group Real Estate News Roundup 5/10/11

May 10th, 2011

The NAR stated that home sales rose in 49 states during the first quarter. A study from the NAHB shows 72.8% of all U.S. homes sold last year were affordable for families earning the national median income. The Financial Crimes Enforcement Network said reports of mortgage fraud reached a record high. Trulia found that third-party syndicators of listings data which does not come from an MLS has an error rate of 21.3 percent for either a listing’s price or status.