Census Bureau

CAR Reports 1.9% Increase in Pending Home Sales for December

Sources: Bank Card Default Rate Hits 42-Month High in January 2017 According to S&P/Experian Consumer Credit Default Indices US existing home sales hit 10-year high in January Mortgage Applications Decrease in Latest MBA Weekly Survey December pending home sales and Market Pulse Survey U.S. House Prices Rise 1.5 Percent in Fourth Quarter Continued Uncertainty Causes …

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Housing Affordability at Lowest in 8 Years, Yet Still Remains Positive

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 1.246 million units.  Housing affordability …

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New Home Sales of Single-Family Homes Increase to Highest in 10 Years

Sources: Equity Gains Fuel Rise in Housing Market Value Why the supply of homes for sale is the lowest since 1999 Cash and Distressed Sales Update: October 2016 Redfin Report: Luxury Home Prices Inched Up 0.7 Percent in Fourth Quarter as the Rest of the Market Showed Substantial Gains Mortgage Rates Rise for First Time …

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Mortgage Rates Drop Again For Third Week in a Row

Today’s News Synopsis: Production on multifamily houses across the nation increased 11.3% in December to 1.23 million.  Optimism for home remodeling continued to remain strong in the fourth quarter, coming in at 53.  Freddie Mac reported mortgage rates dropped again for the third week in a row with 30-year rates now at 4.09% and 15-year …

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HUD and the U.S. Census Bureau Report 5.2% Increase in New Home Sales

Sources: Home Values Rise at Fastest Pace Since 2006 U.S. Home Affordability Drops to 8-Year Low in Q4 2016 Existing-Home Sales Forge Ahead in November Cash and Distressed Sales Update: September 2016 Mortgage Rates At Two-Year High 9 Real Estate Trends to Expect in 2017 Confidence Improves at the Prospect of Pro-Growth Policies Today’s News Synopsis: …

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GSEs Release Newly Revised Uniform Residential Loan Application

Today’s News Synopsis: HUD and the Census Bureau reported a 12.4% increase in new home sales, putting the at their highest in 9 years.  A new bill called the Homeowner Survivor Bill of Rights was just approved by the California Assembly that would protect widows and widowers from being foreclosed on unnecessarily.  Fannie Mae and …

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Bankrate Survey Shows Real Estate is Most Popular Place to Invest

Today’s News Synopsis: Home remodeling projects are expected to reach $321 billion by next year, putting its growth at 8% and numbers not seen since before the crash.  A new report was released by the government recently that outlined what the Treasury, HUD, and FHFA have achieved as well as how loss mitigation can be …

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Building Lots for Single-Family Homes at Lowest on Record

Today’s News Synopsis: Building lots for single-family homes were shown to be at their lowest on record at 8,600 square feet.  Corelogic reported foreclosures and serious delinquencies are at their lowest since 2007 with foreclosures around 390,000.  More and more people are moving out of negative equity as prices continue to increase. In The News: …

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Ocwen Financial Required to Pay $30 Million in Fraud Lawsuit

Today’s News Synopsis: The National Association of Realtors reported existing home sales increased 1.8% last month to their highest since 2007.  Meanwhile, sales of new homes decreased 6% last month to 551,000.  Ocwen Financial has been required to pay $30 million in a settlement regarding fraud. In The News: Mortgage Professional America – “Morning Briefing: Existing …

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