Posts Tagged ‘real estate investing’

Labor Market Improving With Jobless Claims Showing Little Change

May 25th, 2017

Today’s News Synopsis: Mortgage rates decreased again to their lowest this year with 30-year rates at 3.95% and 15-year rates at 3.19%.  Loans originated on residential properties came in at 1.4 million in the first quarter, down 30% from the previous quarter and up 21% year over year.  The labor

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Zillow Holds Contest For Best Improvement to their Zestimates Algorithm

May 24th, 2017

Today’s News Synopsis: Black Knight Financial Services released their Mortgage Data Report for April 2017, which showed a 13% increase in mortgage delinquencies and foreclosures at their lowest in ten years.  Existing home sales decreased 2.3% in April, while pending home sales 5.9% month-over-month and 7.4% year-over-year.  Zillow is holding

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New Homes Sales Decrease 11.4%, But Not Because of Lack of Available Homes

May 23rd, 2017

Today’s News Synopsis: New homes sales decreased 11.4% in April after being at their highest in over 9 years according to the Commerce Department.  Despite the decrease in sales, the reason is not because not enough are being built, but rather not enough people can afford one.  Fannie Mae announced

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CFPB Investigating Zillow Over Advertising Violations

May 22nd, 2017

Today’s News Synopsis: The CFPB is investigating Zillow regarding whether some of their advertisements were in violation of regulations against kickbacks. released their newest list of places where you might not want to live if you are trying to move up from your starter home.  More houses should be

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Suburbs Are the Areas Seeing the Biggest Increase in Rents

May 19th, 2017

Sources: Builder Confidence Continues on Upward Trend April New Home Purchase Mortgage Applications Drop 4.3 Percent Year over Year Multifamily Drop Brings Down Housing Production 2.6 Percent in April Delinquencies Decline in Latest MBA Mortgage Delinquency Survey April home sales and price report Mortgage Rates Edge Down Another Second Quarter Rebound Likely to Follow First Quarter Slowdown Diplomas

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Zillow Says Extra Hidden Costs for Homes Could Cost Up to $15,000

May 18th, 2017

Today’s News Synopsis: The sizes of single-family homes are becoming smaller as more people are shopping for townhouses and the size of the home is decreasing.  Mortgage rates decreased this past week with 30-year rates now at 4.02% and 15-year rates at 3.27%.  Zillow revealed extra costs homeowners may find

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More Apartment Businesses Renting Out Single Rooms Rather Than Whole Apartments

May 17th, 2017

Today’s News Synopsis: The California Association of Realtors released their home sales and price report for April, showing median home prices at their highest in ten years and existing-home sales down 2.4% month-over-month and 1.7% year-over-year.  The New York Federal Reserve reported debt increased by $149 billion, passing the record

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Construction on Multifamily Properties Decreased 2.6% Last Month

May 16th, 2017

Today’s News Synopsis: Construction on multifamily properties decreased 2.6% last month according to HUD and the Commerce Department.  Mortgage delinquency rates decreased to 4.71% at the end of the first quarter of 2017 according to the Mortgage Bankers Association.  Fannie Mae released their latest Economic and Housing Outlook, showing they

Read More » Releases List of Top Ten Cities for New College Graduates

May 15th, 2017

Today’s News Synopsis: The NAHB reported an increase in builder confidence, having increased two points to 70 this month. released their latest list of top ten cities when new college graduates should go for the most affordable housing and best job markets.  The Mortgage Bankers Association reported a 4.3%

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Zillow Releases List of Best and Worst Markets for First-Time Homebuyers

May 12th, 2017

Sources: Housing Sentiment in April Rebounds Following March Dip Mortgage Rates Continue to Hold U.S. Foreclosure Activity in April 2017 Drops to Lowest Level Since November 2005 Housing Affordability Registers Slight Uptick in First Quarter These Cities Are the 10 Biggest Comeback Stories in U.S. Real Estate Freddie Mac Proposal Addresses Housing Needs in Underserved Markets $100

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