Posts Tagged ‘Weekly Mortgage Applications Survey’

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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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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Sale of $100 Million + Homes Hits Record

May 10th, 2017

Today’s News Synopsis: The sale of $100 million + homes hit a record last year with 10 homes sold and values reaching more than $1.4 billion.  The Mortgage Bankers Association reported a 2.4% increase in mortgage applications.  Tesla’s solar roof tiles are expected to be ready by this summer as

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Trulia Reports Value of Homes Less Now Than Prior to Crash

May 3rd, 2017

Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications decreased by only 0.1% from last week, while refis decreased 5%.  Trulia reported the value of homes is actually less now than they were prior to the Crash.  Federal Reserve has decided once again to hold off on increasing rates. In The

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H.R. 2148 Introduced to Help Make Rules on Lending On Commercial Real Estate Easier to Understand

April 26th, 2017

Today’s News Synopsis: More Americas are spending twice as much as before on home improvements.  Despite the housing market being its strongest its sellers, demand for housing is slowly starting to dwindle with the decrease in available inventory.  New legislation was introduced today, H.R. 2148, that was met with positive

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Transaction Involving Prime Jumbo RMBS Increase by Twice as Much Over Past Year

April 19th, 2017

Today’s News Synopsis: A recent survey from NAHB showed out of the 75% of adults who know what career path they want, only 3% are interested in a job in construction.  Transactions involving prime jumbo residential mortgage-backed securities increased by twice as much over the past year according to Fitch

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Renters Biggest Struggle To Owning a Home is Making the Down Payment

April 12th, 2017

Today’s News Synopsis: Trulia’s latest report showed the workers who are having the hardest time finding a home in their own town where they work are teachers, police officers, firefighters, and restaurant workers.  According to the latest Housing Aspirations Report from Zillow, 70% of renters are not becoming homeowners because

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Townhouses Becoming the New Popular Homes

April 5th, 2017

Today’s News Synopsis: The latest Home Price Report from CoreLogic showed a 7% year-over-year and 1% month-over-month increase in home prices in February, and they are expected to increase 4.7% by next year.  The Commerce Department reported the construction of new homes are both adding to a stronger economy and

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Morgan Stanley Predicts a Peak in the Commercial Real Estate Market This Year

March 29th, 2017

Today’s News Synopsis: Pending home sales increased 5.5% last month according to the latest National Association of Realtors report, following a 2.8% decrease in January.  Analysts at Morgan Stanley predict we will see the commercial real estate market at its top this year, bringing an end to what is known

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Bloomberg Releases List of Cities With Highest Household Incomes

March 22nd, 2017

Today’s News Synopsis: Realtor.com released their list of the top places where millennials prefer to purchase real estate.  The latest Bloomberg analysis also showed which cities’ homes had the highest household incomes.  Sales of existing homes were lower last month at 5.48 million after having seen an increase the previous

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