Posts Tagged ‘Wells Fargo Housing Opportunity Index’

“Sellers Need a Trusted Adviser (Realtors) They Can Lean On”-Zillow

August 10th, 2017

Today’s News Synopsis: Instant Offers:  Zillow tells you what it is, isn’t, what they learned and where it’s going.  Housing affordability is lower with increased home prices and tight inventory, standing at 29% compared to 32% in the first quarter.  Mortgage rates also decreased again with 30-year rates at 3.9% and

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Foreclosures Activity Decreases To Lowest in 12 Years

May 11th, 2017

Today’s News Synopsis: Freddie Mac reported mortgage rates continue to hold steady with 30-year rates at 4.05% and 15-year rates at 3.29%.  ATTOM Data Solutions reported foreclosure activity decreased 7% month-over-month and 23% year-over-year to its lowest in 12 years.  Housing affordability increased slightly in the first quarter with 60.3%

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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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