Bureau of Labor Statistics

Zenplace’s Bots Are “Manned” by Licensed Agents

Today’s News Synopsis: Robots showing houses in California.  Consumer sentiment decreased 2 points in December according to Fannie Mae’s latest Home Purchase Sentiment Index, showing consumers are much more cautious about the market.  Realtor.com just released their latest list showing metropolitan areas with the best and worst commutes. In The News: Fannie Mae – “HPSI Dips, …

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Federal Reserve’s Latest Stress Test Puts More Emphasis on Commercial Real Estate

Sources: U.S. Pending-Home Sales Rebound Despite Rise in Mortgage Rates U.S. Consumer Spending Rose in December by Most in Three Months US home prices rose 5.6% in November: S&P CoreLogic Case-Shiller Quarterly Residential Vacancies And Homeownership, Fourth Quarter 2016 Mortgage Rates Steady to Begin February U.S. Distressed Sale Share Drops to Nine-Year Low in 2016 55+ …

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Zillow Releases Latest Report on the Hottest Housing Markets

Sources: Mortgage Applications Decreased Over Two Week Period in Latest MBA Weekly Survey CoreLogic US Home Price Report Shows Prices Up 7.1 Percent in November 2016 Buying More Affordable than Renting in 66 Percent of U.S. Housing Markets And the Top-Ranked Metros Are… MiMi: Multi-Indicator Market Index Fed Officials See Gradual Rate Hikes as Upside …

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CoreLogic Releases List of Top States for Foreclosure Filings

Today’s News Synopsis: The latest Builder Applications Survey from the Mortgage Bankers Association reported a 0.2% decrease in new home purchase applications in June.  CoreLogic just released a list of the top states with the most foreclosures filed, New Jersey being#1 on the list.  Construction starts on nonresidential properties increased 4.2% month-over-month in June. In …

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NAHB Reports Decrease in Builder Confidence for 55+ Single-Family Housing

Sources: Larger Remodeling Projects Trending Up in 2016 According to NAHB Survey Existing Sales Rise Above Market Volatility Home Prices Nearly Halfway Recovered From Bottom C.A.R. votes to support $1.3 billion affordable housing proposal Fannie Mae CEO: Private capital unwilling to step into mortgages Ambushed Realtor shares graphic photo of vicious attack Today’s News Synopsis: …

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Yun says Lack of Inventory Having Effect On Affordability

Today’s News Synopsis:   The NAR’s Lawrence Yun said the lack of inventory is having a direct effect on people being able to afford homes.  The Bureau of Labor Statistics reported a loss of 2,200 mortgage jobs in February.  Standard and Poors reported a decline in progress for the secondary mortgage market.   In The …

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Employers Add 242,000 jobs in February

Sources: Pending home sales to lag until inventory crisis ends Existing-Home Sales Recovering From Temporary TRID Setback Morning Briefing: Home prices set for 5.5 per cent increase by 2017 Freddie Mac: Mortgage rates finally reverse course, increase Mortgage Credit Availability Unchanged in February Employers add better-than-expected 242,000 jobs in February California’s labor market recovers all …

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Latest Job Report Came In and Showed a Slight Slowdown

Sources: CoreLogic: Home prices maintain pace, increase 6.3% Mortgage Applications Decrease in Latest MBA Weekly Survey Builder Confidence in the 55+ Housing Market Ends Year on a Positive Note Freddie Mac: Mortgage rates fall below expectations Apartment sales worth $150 billion last year Here are the hottest top 20 housing markets for the start of …

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Urban Area Homes Increasing More Than Suburban According to Zillow

Today’s News Synopsis: Zillow reported in many metropolitan areas homes in urban areas are increasing more than suburban areas.  Realtor.com just released their list of the top 20 markets, Dallas, San Jose, and San Francisco being at the top.  The first employment summary for both this year and part of 2015 is expected to be …

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Bill To Limit GSE CEO Pay Signed Into Law

Sources: Pending Sales of Previously Owned Homes in U.S. Increase 0.2% CoreLogic: Home prices rise 6.8% in October Commercial/Multifamily Delinquencies Continue Decline Mortgage Applications Decrease Slightly in Latest MBA Weekly Survey CoreLogic: Distressed home sales continue to trend lower Freddie Mac: Mortgage rates drop further below 4% U.S. Stocks Rally With Dollar on Economy Optimism; …

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