existing home sales

Sales of Existing Homes Increase Substantially in Wake of Spring Buying Season

  Today’s News Synopsis: Black Knight Financial Services reported a 4.7% decrease in delinquency rates, marking the first time they have gone below 5% in 8 years.  Mortgage applications, on the other hand, increased 2.3% from last week.  The sales of existing homes also increased substantially to their highest in 18 months with the onset …

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Existing-Home Sales Increase 1.2% While Prices Increase at Highest Rate in a Year

  Today’s News Synopsis: Fannie Mae reported an increase in multifamily housing, although overall growth in the economy was much slower in the first quarter.  The National Association of Realtors reported a 1.2% increase in existing-home sales last month while prices increased at their fastest rate in a year.  Foreclosures started to show signs of …

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Housing Stocks Driven Way Down with News of the Market and Existing-Home Sales

  Today’s News Synopsis: Existing-home sales decreased 4.9% with the increase in prices and decrease of supply.  This news in addition to the news of decreases in both housing starts and permits has led to housing stocks being driven way down.  However, at the same time the prices of luxury homes increased 3% in the …

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Pending Home Sales in California Increase for First Time in Two Years

    Today’s News Synopsis: Existing home sales were low this month compared to January, although they are expected to be up from last year.  At the same time, pending home sales increased 2.6%, having increased for the first time in two years.  Mel Watt, director of FHFA will be speaking before the House Committee …

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$140 Million of Delinquent Home Loans Being Sold By Freddie Mac

          Sources: Builder Confidence Holds Steady in January Mortgage Applications Increase in Latest MBA Weekly Survey Housing starts up but permits post lowest growth since mid-2011 Freddie Mac: Mortgage rates fall to new lows Home Prices Beat Estimates With 0.8% Gain in November Obama State of the Union to touch on …

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Sales of Existing Homes Decrease 5% in Western States

      Sources: Builder Confidence Rises Four Points in November S&P/Experian: First mortgage default rate continues upward trend Single-Family Starts Up 4.2 Percent While Overall Production Drops Slightly in October Foreclosure sales were down a solid 36% YOY in 3Q Mortgage Applications Increase in Latest MBA Weekly Survey Existing home sales tick up 1.5% …

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Foreclosures Decrease to Levels Not Seen Since Housing Bubble Burst

    Today’s News Synopsis: Foreclosures decreased 27% to 115,000, the lowest since before the housing bubble burst.  Mortgage rates decreased to their lowest this year with 30-year rates now at 4.10% and 15-year rates at 3.23%.  Bank of America will pay $16 billion to settle claims it sold toxic mortgage-backed securities. In The News: …

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New Ruling by CFPB Will Help Property Heirs Avoid Foreclosure

  Today’s News Synopsis: CoreLogic reported foreclosures decreased again this past May by 9.4% with 47,000 completed that month.  The amount of available mortgage credit increased last month by 0.6% to 115.8, up from 115.1.  A new ruling was just issued by the CFPB that will help heirs of property to be included on the …

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