Posts Tagged ‘Weekly Mortgage Applications Survey’

Despite Overall Progress, Some States Still Have Not Made Comeback After Recession

July 6th, 2017

Today’s News Synopsis: Real estate prices in Manhattan, especially apartments that sold for $2.19 million on average, were at their highest on record in the second quarter.  Mortgage rates increased again according to Freddie Mac with 30-year rates now at 3.96% and 15-year rates at 3.22%.  Despite the country making progress

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Pending Home Sales Drop This Month By 0.8% MoM and 1.7% YoY

June 28th, 2017

Today’s News Synopsis: The National Association of Realtors reported an o.8% decrease in pending home sales month-over-month and 1.7% drop year-over-year.  The Federal Reserve just released their latest Comprehensive Capital Analysis and Review, which analyzes how the nation’s biggest banks handle their capital planning practices.  In a follow-up to yesterday’s story

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More Baby Boomers Moving Out of McMansions That Millennials Cannot Afford

June 7th, 2017

Today’s News Synopsis: Similar to Realtor.com, Redfin released their own list the most affordable towns on the beach to own a home.  The housing market as a whole may be facing a crisis as more baby boomers are moving out of their McMansions and more millennials are wanting to own a

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Realtor.com Releases List of Most and Least Affordable Beach Towns

May 31st, 2017

Today’s News Synopsis: Reator.com just released their newest list, this one showing which beach towns are the most and least affordable.  The National Association of Realtors reported a 1.3% decrease in pending home sales in April.  First American Financial Corporation reported loan application defects increased again for the fifth month

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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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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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