Posts Tagged ‘Wells Fargo Housing Opportunity Index’

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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East Coast Seeing Improvements in Real Estate 4 Years After Hurricane Sandy

August 11th, 2016

Today’s News Synopsis: The estate coast is finally seeing improvements in the real estate market four years after being struck by Hurricane Sandy.  The second quarter saw a decrease in housing affordability with the increase in home prices.  ATTOM Data Solutions released their latest report showing a total of 6.7

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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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Mel Watt Speaks on Less GSE Conservatortorship and More Finance Reform

February 18th, 2016

Today’s News Synopsis:   The Mortgage Bankers Association reported a decrease down to 4.77% for mortgage delinquencies while foreclosure loans went down two basis points to 0.36%.  Speaking of mortgages, Freddie Mac reported rates have remained relatively constant with 30-year rates at 3.65% and 15-year rates at 2.95%.  Mel Watt, the

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Mortgages More Affordable Than Renting?

August 14th, 2015

    Sources: Foreclosure Inventory Rate Drops to Below Pre-Recession Levels Nearly All Metro Areas See Home Price Appreciation in Q2 Existing-Home Sales Forecast Revised Downward Despite Recent Surge Mortgage rates reverse course moving higher Foreclosures Hit 16-Year Low While Overall Household Debt is Little Changed The Complex Story of American Debt Freddie Mac selling $1.2 billion pool of

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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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The Norris Group Real Estate News Roundup 11/14/13

November 14th, 2013

  Today’s News Synopsis: Mortgage rates increased again for the second week in a row with 30-year rates now at 4.35% and 15-year rates at 3.35%.  In addition, foreclosure activity also increased last month for the 16th month in a row with the increase in foreclosure auctions.  In addition, Zillow reported homes

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